$485,000
FOR SALE

Business for Sale

Business

55 Meredith Street
Gore Bay, Manitoulin Island, ON P0P 1H0

Tucked in the charming town of Gore Bay on the west end of Manitoulin Island, this prime mixed-use building offers an exceptional investment opportunity. The property features three well-maintained residential apartments, providing steady rental income. Additionally, the building houses a well-established restaurant, renowned for its loyal customer base and vibrant community presence. The restaurant space is thoughtfully designed with ample seating, a fully equipped kitchen, and inviting ambiance, perfect for attracting both locals and tourists. Whether you’re an aspiring restaurateur or a seasoned business owner, this property provides the perfect platform to run a successful restaurant. The basement offers additional rental space with its own front door entrance, ideal for a small business, office, or retail shop. This flexible space can be tailored to suit various tenant needs, enhancing the property’s income potential. Located in a picturesque setting, the building enjoys high visibility and foot traffic, making it an attractive destination for residents and visitors alike. Gore Bay’s scenic beauty, combined with its strong sense of community, ensures a consistent demand for both residential and commercial spaces. This property is a fantastic income generator with multiple revenue streams and significant potential for growth. Don’t miss out on this unique opportunity to invest in a thriving community and run a profitable restaurant business. (id:47421)
Share
Listed By ROYAL LEPAGE NORTH HERITAGE REALTY, Brokerage (MINDEMOYA)
Data Provided By Sudbury Real Estate Board
MLS® Listing Number 2117080
Last Updated Jun 05, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Business
Franchise Non-Franchise
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Equipment Propane Tank
Ownership Type Freehold
Property Type Business
Rental Equipment Propane Tank
Road Paved road
Storage Storage in Basement
Transaction Type For sale
Zoning Description C1
Business
Business Type Retail and Wholesale
Business Subtype Business
Building
Amenities Balconies, Storefront, Street Lighting
Exterior Finish Vinyl
Fire Protection Smoke Detectors
Flooring Type Laminate, Tile, Vinyl
Foundation Type Block
Heating Type Baseboard heaters
Roof Material Asphalt
Roof Style Unknown
Type Residential Commercial Mix
Utility Water Municipal water
Land
Total Size under 1/2 acre
Access Type Year-round access
Fence Type Not fenced
Sewer Municipal sewage system

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)