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:50947)
| Business Type | Retail and Wholesale |
| Business Sub Type | Business |
| MLS® Number | 2117080 |
| Property Type | Business |
| Neigbourhood | Gore Bay |
| Equipment Type | Propane Tank |
| Rental Equipment Type | Propane Tank |
| Road Type | Paved Road |
| Storage Type | Storage In Basement |
| 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 |
| Access Type | Year-round Access |
| Acreage | No |
| Fence Type | Not Fenced |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C1 |
https://www.realtor.ca/real-estate/26993619/55-meredith-street-gore-bay-manitoulin-island
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