Homula Realty Brokerage
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145 Kingston Road 15, Ajax, ON L1S 7J4

Sale Of Business
$219,000

Excellent opportunity to be you own boss and own a clean and established restaurant in a busy, high-traffic plaza anchored by major national tenants including McDonald's, Applebee's, Boston Pizza, Petro Canada, Beer Store, Benjamin Moore, Kumon, and more.This well-established Caribbean restaurant is located in one of Durham Region's busiestcommercial corridors and has built a loyal customer base known for authentic flavours, quality food, and friendly service. Surrounded by residential communities, schools, offices, and retail businesses, the location benefits from steady customer traffic throughout the day.The approximately 1,400 sq. ft. turnkey space is fully equipped with a professional-grade commercial kitchen, prep areas, refrigeration, furnishings, and operational systems, allowing a new owner to begin operations immediately with minimal additional investment.This high-visibility location offers excellent signage exposure, ample parking, strong walk-in traffic, and outstanding growth potential through expanded hours, catering, delivery services, or future franchising opportunities.

MLS number
E13712216
Type
Sale Of Business
Status
Active
Bedrooms
Bathrooms
Postal code
L1S 7J4
Photos
11
21days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to this street. The listing did not say which direction, and every candidate was in the same place.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Archbishop Denis O'Connor Catholic High School
Durham CDSB
Secondary463 m6.7 / 10
67% met the standard · 2 of 6 measures
Ontario International InstituteSecondary650 mNot reported
Cadarackque Public School
Durham DSB
Elementary689 m7.2 / 10
72% met the standard
Ontario Street Public School
Durham DSB
Elementary898 m5.1 / 10
51% met the standard
Blaisdale MontessoriElementary1.2 kmNot reported
Terry Fox Public School
Durham DSB
Elementary1.3 km7.6 / 10
76% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,049 people.

$115,000Median household income
93.8%Own their home
55.9%Detached houses
38.4Median age
40.1%Born outside Canada
26%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35180358 — the few blocks around this address, home to 1,049 people. It describes the area, not this property.

1,049Population
39Average age
3.1Household size
$133,000Average household income
$115,000Median household income
94%Own their home
6%Rent
31%Condominiums
40%Born outside Canada
26%University degree
$750,000Average home value
4%Low income
45%Not in the labour force
33%Never married
$15,000 to $19,9991%
$25,000 to $29,9991%
$35,000 to $39,9992%
$40,000 to $44,9991%
$45,000 to $49,9991%
$50,000 to $59,9993%
$60,000 to $69,9996%
$70,000 to $79,9993%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over38%
$100,000 to $124,9999%
$125,000 to $149,9998%
$150,000 to $199,99912%
$200,000 and over8%

Percentages are of the 530 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$43,800 · minimum here is $10,950
$969.68per month
Borrowed before insurance$175,200
Total borrowed$175,200
Interest over 25 years at 4.5%$115,705

If you rented it out

-$969.68per month out of pocket
Rent$0.00
Everything it costs to hold$969.68
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by CENTURY 21 LEADING EDGE REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.