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2 Bath Commercial Property in Newmarket
About 56 Davis Drive
Great Opportunity to Own a Philthy Philly's Fast Food Restaurant In the Heart Of the Newmarket, Ideal Opportunity For A Person Who Wants To Be Own Boss with attractive net profit Established business located in the busy plaza of Central Newmarket. *Philthy Philly* franchise with over 40 stores across Ontario and growing. Great Signage, Exposure, And Traffic Count is limitless as plaza is anchored by No Frills, Baskin Robin, Goodlife Fitness, SDM and many major banners. Fully Equipped Kitchen & Very Easy To Run. Lots Of Potentials To Grow. Monthly Revenue between $65 to 70K, Very low Rent : $5085 (incl. TMI, HST & Water), Utilities : Apx. $1200, Proven Food Cost is 30%, Franchise Royalty $500/Mthly. An attractive net profit after all expense.
Newmarket business priced at $549,000 — book a tour to see if it fits your search.
Inside 56 Davis Dr
Every detail from the listing, in one place.
Type
Business
Lot size
16.50 x 76.00 Feet
Features & systems
Lot & land
Lot dimensions
16.50 x 76.00 Feet
Lot size (sqft)
0
Listing & possession
Property class
Sale Of Business
56 Davis Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market28Homes sold in about 28 days on average.
Sale-to-list ratio98.2%On average, homes sold below asking.
Active listings415Homes for sale here right now.
Median vs prior 90 days+1.5%Compared with Apr 18 – Jul 17, 2026: prices up.
Based on 388 sales from Jul 17 – Oct 15, 2026 (238 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
56 Davis Dr is listed at $549,000 (MLS® N13572614). Summitly updates the price as soon as the MLS® record changes.
Has the price of 56 Davis Dr changed?
Yes — it was first listed at $649,000 and is now $549,000, a drop of $100,000 (15.4%).
How many bedrooms and bathrooms does 56 Davis Dr have?
56 Davis Dr has 2 bathrooms. It is a commercial property in Newmarket.
Is 56 Davis Dr close to transit?
The nearest rapid-transit station is Newmarket GO Station (Barrie GO), about 1.5 km (about a 19-minute walk) in a straight line. East Gwillimbury GO Station is about 3.1 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 56 Davis Dr compare with other homes in Newmarket?
Its asking price of $549,000 is about 43% below the median sold price in Newmarket over the last 90 days, $956,500, across 388 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 56 Davis Dr been sold before?
Summitly has no earlier MLS® sale or lease of 56 Davis Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 56 Davis Dr?
56 Davis Dr is in Newmarket, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 56 Davis Dr been on the market?
91 days — 56 Davis Dr was listed on July 16, 2026.
What is the lot size of 56 Davis Dr?
The lot measures 16.50 × 76.00 Feet, as published in the listing.
What is the land transfer tax on 56 Davis Dr?
About $7,455 in Ontario land transfer tax at the asking price of $549,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 56 Davis Dr or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 56 Davis Dr?
The listing for 56 Davis Dr doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Newmarket.