$519,900 FOR SALE

Store W/Apartment/Office

Lot: 25 x 100 ftTotal Area: 2,743 ft2
2023 Taxes: $3,509.59

131-133 Garafraxa St S
West Grey, ON N0G 1R0 | Durham | Grey County

Welcome to 131-133 Garafraxa Street South, an exciting investment opportunity in downtown Durham, in the heart of Grey County. Most recently operated as a cafe, this impressive property, with its high ceilings, updated mechanicals and ideal central location with plenty of vehicle and pedestrian traffic, offers a host of other opportunities for either an investor/landlord, or an owner/operator. Zoned C1 - General Commercial, the property is eligible for a variety of permitted uses (see documents tab for details), from business/professional office space or a medical clinic, to a bakery, or a specialty food or other retail store. For several years prior to the pandemic, the property had been home to The Garafraxa Cafe, a coffee bar/pub providing a comfortable and popular gathering place for local residents and tourists alike. The Cafe served a variety of 'lite bites', and an assortment of specialty coffees and locally crafted beers, ciders and wines. It also included a full stage, complete with a professional lighting and sound system, which regularly played host to theatrical and musical performances. For an interested buyer, this could be a turnkey opportunity to re-open the Cafe, as all of the operating assets (see list in documents file) remain on the premises and, while excluded from the listing price, are negotiable. Complementing the street level, the second floor features a spacious 3 bedroom, 1-1/2 bath apartment, flooded with natural light from 3 sides, as the property to the north is only 1 storey. The apartment has a separate entrance from the street, and a private, fenced back yard. Currently owner-occupied, it will be vacant on closing, so you can live-in, or enjoy a secondary source of rental income at market rates.

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Listed By CENTURY 21 MILLENNIUM INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8323880
Last Updated May 28, 2024
Property Summary
Property Type Store W/Apartment/Office

More like this:
Category Store With Apt/Office
PIN 373190114
Occupancy Owner
Possession Date Flexible
Taxes (2023) $3,509.59
Tax Type Annual
Directions/Cross Streets Garafraxa St & Lambton St
Neighbourhood Durham
Area Grey County
Price History
Interested in obtaining the full price history for this property?
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Detailed Information
Freestanding N
Lot 25 x 100 ft
Retail Area 1,121 ft2
Office/Apt Area 1,522 ft2
Total Area 2,743 ft2
Elevator None
Air Conditioning Part
Basement Y
Garage Type None
Heat Type Gas Hot Water
Sprinklers Part
Utilities A
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning C1
Seller Property Info Statement N

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