Office Listings

42 Queen Street
Morriston N0B2C0

$849,900
Retail

Main Photo: 42 Queen Street in Morriston: Retail for sale : MLS®# 30759503
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Status:
Active
Prop. Type:
Retail
MLS® Num:
30759503
Bus Major:
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)
Property Type:
Retail
Transaction Type:
For sale
Zoning:
Commercial Mixed Use
Amenities:
Public Transit
Major Business Type:
Retail and Wholesale
Building Type:
Retail
Cooling:
Air Conditioned, Central air conditioning
Fireplace:
No
Heating:
Forced air
Water:
Well
Land Amenities:
Public Transit
Road Access:
Highway access
Lot Frontage:
55'
Lot Depth:
267'
Acreage:
No
Lot Size:
0.2 acre(s)
Lot Size:
0.2 ac|under 1/2 acre
Lot Details:
0.2
Total Parking Spaces:
6
Parking Type:
No Garage
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Listed by REALTY EXECUTIVES EDGE INC
Data was last updated September 19, 2019 at 12:45 PM (UTC)
CHAD MCBAIN
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
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