$200,000 - 15 Ringwood Drive Unit 2, Whitchurch-Stouffville
Commercial for Sale in Whitchurch-Stouffville
New — Listed todayNeighbourhood: Stouffville
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- MLS Number
- N13872656
- Property Type
- Commercial
- Status
- active
- Days on Site
- 0
- Bedrooms
- 0
- Bathrooms
- 2
- Square Feet
- 1,283 sqft
- Neighbourhood
- Whitchurch-Stouffville
- Taxes (2025)
- $14
- Listing Brokerage
- RE/MAX MILLENNIUM REAL ESTATE
Wild Wing Stouffville presents an outstanding opportunity to acquire a successful, turnkey restaurant in one of Stouffville's busiest commercial corridors. Located in a high-traffic retail plaza with excellent visibility and ample free parking, this well-established franchise benefits from strong brand recognition, a loyal customer base, and multiple revenue channels. Operating under the highly regarded Wild Wing franchise system, the restaurant is known for its extensive selection of signature chicken wings, proprietary sauces, and popular casual dining menu. The business serves customers through dine-in, takeout, and delivery, while its liquor licence adds an important and profitable revenue stream. The premises comprise approximately 1,289 square feet and are fully equipped with quality leasehold improvements, furnishings, and specialized equipment, all maintained to franchise standards. This is a true turnkey operation, ideal for an owner-operator or experienced hospitality entrepreneur looking to step into an established and profitable business. The restaurant generates annual sales exceeding $612,000 and provides an estimated hands-off owner income of approximately $72,000 per year. With a stable lease in place until October 31, 2028, plus a five-year renewal option, the location offers long-term security. Franchise ownership includes comprehensive training, ongoing operational support, and access to proven systems and marketing resources. Royalty fees are 5% of gross sales, with an additional 2% contribution toward national advertising and brand promotion.With strong local demographics, an established customer following, and the backing of one of Canada's most recognized wing brands, this is an exceptional opportunity to own a thriving restaurant in a growing community. The sale includes all chattels, equipment, leasehold improvements, and goodwill necessary for continued success.
Estimate your monthly payments for this property
Estimated Payment
$1,026.10/mo
Includes CMHC insurance ($5,580)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Stouffville
Stouffville is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Stouffville
- •Convenient location in Whitchurch-Stouffville
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Stouffville offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
15 Ringwood Drive Unit 2, Whitchurch-Stouffville
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $156/sqft, this is priced on the lower end for commercial, which warrants investigating condition, zoning restrictions, and tenancy. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Just Listed — Take Your Time
This property just hit the market. Commercial due diligence is thorough and takes time — environmental assessments, lease review, financial statement analysis, and zoning confirmation. Unlike residential, there's rarely a multiple-offer frenzy. Act with focus, not urgency.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Whitchurch-Stouffville transactions.