MLS® ID: 30759503

42 Queen Street

Morriston, Ontario, N0B2C0

$849,900 Active
  • - SQFT
This iconic building in the village of Morriston is a Great opportunity for investors looking for a high return on investment or for someone looking to run their own business. High cap rate estimated at 8.25%. Many commercial uses including retail, office or service based businesses permitted. This unique property comes with a spacious 2 bedroom apartment for live/work lifestyle or earn rental income. The two floor residential living space offers a huge balcony with a gorgeous view. This spectacular building is centrally located near all major cities in Southern Ontario and just off 401. The commercial parts of the building has been a successful and World class restaurant for nearly forty years with only two owners. Beautiful outdoor patio is licensed for 54, bar/dining rooms licensed for 100 people inside. This 5573 sq ft, building has gone under many major upgrades, renovations and additions in the last 10 years. It stands on a two feet thick solid rock foundation, with triple brick wall construction. The huge wooden beams and framing is constructed from solid butter nut wood. A hot Tub with engineered reinforcement in the floor to hold the weight properly, three gas fireplaces and bar. Lots of free parking in the area and at the back of the property. Township and County are investing in improving and beautifying this corridor. There is a high end residential community being built right next door. There is also a by-pass around Morriston planned by the Provincial Government (id:18098)
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Listing courtesy of REALTY EXECUTIVES EDGE INC

Amenities

  • Zip
    N0B2C0
  • Office name
    REALTY EXECUTIVES EDGE INC
  • Property type
    Retail
  • Zoning type
    Commercial Mixed Use
  • Heating
    Forced air
  • Agent name
    Nelson Mathew
  • Price Range
    $800k-$900k
  • Office ID
    141983
  • Agent ID
    1557114

Location

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