$699,900
FOR SALE

Business for Sale

Restaurant

Lot: 18.64 x 68.65 ftTotal Area: 3,885 ft2
2024 Taxes: $7,742

54 FOSTER St
Perth, ON K7H 1S1 | 907 - Perth | Lanark

Welcome to Bistro 54, Perth, Ontario's first & only Italian Restaurant since 2005. Located in one of Canada's oldest & prettiest towns sits this beautiful 3 story stone building, built in 1858 by European masons. What you have with this incredible business & property is a turnkey, well maintained, upgraded, solid & well established business with over 8000 seated guests per year & a proven profitability formula. Three floors of renovated space totaling 2788 sq. ft., semi-finished basement 1050 sq. ft., containing HVAC, fresh pasta production, dry storage & walk in cooler. The main floor boasts old world charm through out the 32 seat dining room, service bar, open kitchen & unisex washroom. The second floor also has a 32 seat dining room, 2 washrooms, bar & rustic exposed rough hewn joists & rafters. The third floor is the onsite 1 bedroom residence. This is your opportunity to take over the reins, showcase your culinary talents to become the next generation. Possible VTB
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Listed By ROYAL LEPAGE INTEGRITY REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9516108
Last Updated Mar 17, 2026
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant
Franchise Non-Franchise
PIN 051770089
Legal Description Pt N 1/2 lt 2 S/S Foster St Pl 8828 Lanark S Drummond as in RS120398 T/W RS120398 Perth
Possession Date TBA
Taxes (2024) $7,742
Directions/Cross Streets From Hwy 7 take Drummond St., towards downtown and turn right on Foster St., property will be on the left just past Gore St. Or turn onto Wilson St., towards downtown and turn left on Foster and property will be on the right.
Neighbourhood 907 - Perth
Area Lanark
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
Fronting On South
Freestanding Y
Special Designations Unknown
Bathrooms 3
Lot 18.64 x 68.65 ft
Office/Apt Area 971 ft2
Total Area 3,885 ft2
Air Conditioning Yes
Basement Basement
Chattels Y
Garage Type Unknown
Parking Spaces 1
Heat Type Gas Forced Air Open
Financial Statement Y
Sewers Sanitary

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