49 Matheson Boulevard E
49 Matheson Boulevard E
$275,000
$116/sq ft · 2 days on market
About This Listing
Are you looking to own a long-established, family-friendly Italian eatery in a prime AAA location? Here is your opportunity to acquire a well-known, non-franchise business at the highly desirable Hurontario & Matheson Blvd corridor. Surrounded by major corporate offices, small warehouses, hotels, government offices, and professional firms including CRA, law offices, TZX and Oracle, this location enjoys excellent exposure, steady foot traffic, and strong catering revenues. This successful and proven business offers a diverse menu featuring authentic Italian cuisine including pizza, pasta, panini, and popular signature dishes such as homemade lasagna, panzerotti, veal sandwiches, and rich pomodoro sauce pasta. The restaurant has built a loyal customer base over the years, with repeat clientele from nearby offices and businesses. Customers benefit from flexible dining options, with dedicated menus for dine-in as well as catering for private parties, corporate events, and special occasions. The premises offer approximately 2,374 sq. ft. of well-utilized space, including a comfortable dine-in area with seating for 50 guests, along with an additional 25-seat summer patio, all enhanced by LLBO licensing. The fully equipped commercial kitchen is designed for efficiency and high-volume production, featuring a 12 ft hood, 2 oven hoods, 2 walk-in freezers, and 2 washrooms. With multiple revenue streams from dine-in, takeout, and catering, this turnkey operation is ideal for owner-operators or investors seeking a stable and scalable business. Excellent opportunity with immediate income potential in a high-demand commercial hub.
| Monthly Mortgage (P&I) | $1,198 |
| Property Tax (MLS) | $369 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $1,567 |
Down payment: $55,000 (20.0%) · Mortgage: $220,000
Property tax uses MLS annual tax of $4,424/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by HOMELIFE/MIRACLE REALTY LTD
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Data last updated: August 22, 2026 at 10:26 p.m.