Skip to content

'Best pizza ever:' Newmarket's famed Palace Pizza up for sale

Local favourite, family-owned restaurant could switch hands after 50 years in operation on Davis Drive
Newmarket's Palace Pizza is on the market after about 50 years in business.

One of Newmarket’s longtime businesses could be changing hands soon as Palace Pizza and Spaghetti House is now on the market.

Real estate brokerage Coldwell Banker listed the property at 727 Davis. Dr for sale Feb. 21. Community members responded on social media, expressing care for a restaurant that has had about 50 years in operation.

“This Newmarket Staple Has A Well Established Following Of Loyal Customers,” the listing said, noting it also includes a new pizza oven and a basement.

The locale opened in 1974, staying family-owned and operated. Its website said the restaurant believes in giving customers the best of Italian comfort food, “the kind your mom would have made (if she were Italian) with a Greek twist.”

But that could be changing with the sale of the property. NewmarketToday reached out through the broker to speak with owners, but they declined to comment.

The location has six parking spaces included, with a dining area for 25 patrons and 1,225 square footage. 

A Facebook post on the sale garnered more than 130 reactions and 120 comments from locals, many expressing their appreciation for the restaurant.

“The best pizza ever. It will be a very sad day if they close down,” one commenter said. “Have been buying Palace Pizza since they opened! Definitely not a fancy place but the customer service is outstanding!”

“I was a Palace Pizza kid when I went to (Huron Heights Secondary School) 88-92,” another commenter said. “ My kids are all Palace Pizza alumni as well. And we STILL go there to get THE BEST PIZZA I’ve ever had!”

Palace Pizza also earned a first-place 2023 Reader’s Favourite Award from NewmarketToday for pizza restaurants. 

However, the restaurant has not put out anything on social media or its website regarding it going out onto the market.

NewmarketToday will follow up on this story as more information is made available.