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55 Meredith Street Manitoulin Island, Ontario P0P 1H0

Baseboard Heaters

$485,000

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:56069)

Business

BusinessType Retail and Wholesale
BusinessSubType Business

Property Details

MLS® Number 2117080
Property Type Business
Neigbourhood Gore Bay
EquipmentType Propane Tank
RentalEquipmentType Propane Tank
RoadType Paved Road
StorageType Storage In Basement

Building

Amenities Balconies, Storefront, Street Lighting
ExteriorFinish Vinyl
FireProtection Smoke Detectors
FlooringType Laminate, Tile, Vinyl
FoundationType Block
HeatingType Baseboard Heaters
RoofMaterial Asphalt
RoofStyle Unknown
Type Residential Commercial Mix
UtilityWater Municipal Water

Land

AccessType Year-round Access
Acreage No
FenceType Not Fenced
Sewer Municipal Sewage System
SizeTotalText Under 1/2 Acre
ZoningDescription C1

https://www.realtor.ca/real-estate/26993619/55-meredith-street-gore-bay-manitoulin-island

Interested?

Contact us for more information


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Leanne Lewis
Salesperson


Royal LePage North Heritage Realty, Brokerage (Mindemoya)
2218 Hwy 551
Mindemoya, Ontario P0P 1S0

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