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$1,199,000
Available - For Sale
Listing ID: X13414854
Welcome to 39 Arthur Street, a rare opportunity to acquire a well-established mixed-use property in the heart of beautiful downtown Elmira. Positioned on a prominent corner lot in one of the community's most recognizable commercial corridors, this property offers an exceptional combination of restaurant, residential, and investment potential. The main floor features a meticulously maintained restaurant that has successfully operated for over 20 years, serving generations of loyal customers. The space is equipped with a full commercial kitchen, including a large exhaust hood, ample prep areas, storage space, and infrastructure suitable for a wide variety of restaurant concepts. The restaurant also benefits from a valuable liquor licence for up to 90 seats, providing excellent flexibility for dine-in service and future growth. Enhancing the operational footprint, a portion of the restaurant is leased from the neighbouring property for just $1,700 per month plus HST, allowing for additional dining and functional space. Above the restaurant sits a spacious 3-bedroom apartment, creating an ideal opportunity for owner occupancy, employee accommodation, or supplemental rental income. The combination of residential and commercial uses makes this property an attractive option for investors seeking multiple revenue streams as well as owner-operators looking to live and work in the same location. Whether you're an experienced restaurateur, entrepreneur, or investor, 39 Arthur Street presents a turnkey opportunity to acquire a landmark downtown property with a proven operating history, strong community presence, and significant upside potential in one of Waterloo Region's most desirable small-town markets.
Price $1,199,000
Taxes: $2,168.43
Tax Type: Annual
Occupancy by: Owner+T
Address: 39 Arthur Street , Woolwich, N3B 2M4, Waterloo
Postal Code: N3B 2M4
Province/State: Waterloo
Legal Description: PT LT 24 PL 560 WOOLWICH PT 1 58R8079; W
Directions/Cross Streets: Arthur St & Church St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Retail
Use: Hospitality/Food Related
Building Percentage: F
Total Area: 2,500
Total Area Code:  Square Feet
Office/Appartment Area: 50
Office/Appartment Area Code: %
Retail Area Code: %
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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ROYAL LEPAGE REAL ESTATE SERVICES LTD.

39 Arthur Street , Woolwich, N3B 2M4, Waterloo

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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Type: Com - Commercial Retail
Area: Waterloo
Municipality: Woolwich
Neighbourhood: Dufferin Grove
Style:
Lot Size: x 83.50(Feet)
Approximate Age:
Tax: $2,168.43
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949