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:47423)
Share
Listed By
ROYAL LEPAGE NORTH HERITAGE REALTY, Brokerage (MINDEMOYA)
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
Terms of Use
Please review and agree to the following terms of use to access the listing content:
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA;
The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy;
This website is operated by a brokerage or salesperson who is a member of CREA;
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
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.