$1,999,000
Available - For Sale
Listing ID: X12133327
169 Front Stre , West Nipissing, P2B 2H9, Nipissing
| Seize this rare opportunity to own a multi-faceted, income-generating property in the heart of Sturgeon Falls now offered at a newly improved price of $1.999M! With a Net Operating Income over $300,000, this iconic property spans multiple revenue streams, making it a true cash-flow machine. Featuring 16 residential apartments, 3 fully tenanted commercial units, and several versatile hospitality spaces, this asset offers diversified income with strong upside potential. The legendary Gervais Restaurant, a community staple since 1955, is ready for its next chapter. Equipped with 3 exhaust hoods, walk-in fridge/freezers, a spacious kitchen, prep and dish areas, and office space, its fully outfitted to support a range of food and beverage operations. The restaurant and related spaces are ready to be rebranded, reimagined, or relaunched to suit your business vision. The restaurant, bar, banquet hall and drive thru will all be available vacant on possession. With an incredible liquor license capacity of 441, the opportunities are endless for growing your business including ample parking that surrounds the property. Whether you're an investor looking for solid returns or an operator ready to revitalize a landmark venue, this is an unbeatable opportunity. Included in the sale is a single family home, zoned C2, which sits adjacent to this property on a 66x132 foot lot. Please do not go direct or speak to staff! Your discretion is appreciated. |
| Price | $1,999,000 |
| Taxes: | $42834.20 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 169 Front Stre , West Nipissing, P2B 2H9, Nipissing |
| Postal Code: | P2B 2H9 |
| Province/State: | Nipissing |
| Directions/Cross Streets: | FRONT ST & MICHAUD ST |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Multi-Use |
| Building Percentage: | T |
| Total Area: | 28237.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | % |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Seats: | 441 |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
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Anita D'mello
Sales Representative
Dir:
416-795-5761
Bus:
416-288-0800
Fax:
416-288-8038
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Nipissing |
| Municipality: | West Nipissing |
| Neighbourhood: | Sturgeon Falls |
| Tax: | $42,834.2 |
| Fireplace: | N |
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