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  • 42 Queen Street in Morriston: Retail for sale : MLS®# 30759503

    Main Photo: 42 Queen Street in Morriston: Retail for sale : MLS®# 30759503
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    $849,900
    Retail
    Status:
    Active
    MLS® Num:
    30759503
    Major Bus.:
    Retail and Wholesale
    Build. Type:
    Retail
    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:2493) More details
    Listed by REALTY EXECUTIVES EDGE INC
    CHAD MCBAIN
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Data was last updated September 19, 2019 at 02:15 PM (UTC)
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