42 Queen Street

Retail For Sale in Morriston, Ontario

$849,900

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:4069)

Address 42 Queen Street
List Price 849,900
Property Type Retail
Type of Dwelling Retail
Area Ontario
Sub-Area Morriston
Lot Size 0.2 Sq. Ft.
MLS® Number 30759503
Listing Brokerage REALTY EXECUTIVES EDGE INC
Postal Code N0B2C0
Site Influences Public Transit

Request More Info or a Showing

Realty Executives Edge Inc

1001 Langs Dr, Unit 3, Cambridge, ON, N1R 7K7

1515 Gordon St, #106 Guelph ON N1L 1C9

Office: 519-224-3040

Email Directly