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$1,999,000
Est. payment /mo
30 Baths
28,237 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 28,237 sqft
Price per Sqft $70
Subdivision Sturgeon Falls
MLS® Listing ID X12636130
Source Toronto Regional Real Estate Board
Property Description
Gervais Restaurant & Tavern is a substantial multi-use property located in the heart of downtown Sturgeon Falls. This impressive commercial and residential complex totals 28,237 sq ft and includes three separate restaurants, three commercial retail units, and sixteen residential apartments. All restaurant businesses are owner-operated and include Gervais Restaurant, Gervais Tavern, and a Country Style location, creating a well-established and diversified income stream. Gervais Restaurant is one of the busiest dining destinations in town, serving popular North American and Chinese cuisine. Gervais Tavern operates as a classic neighbourhood pub complete with pool tables, while the Country Style - no longer paying royalties - remains a central meeting spot for the community's coffee drinkers. A massive shared kitchen services all three restaurants and features four hood systems totaling 42 ft (16 + 16 + 6 + 4), three walk-ins, and even a drive-thru window. The combined liquor license covers an impressive capacity of 441. The three commercial units and all residential apartments are fully tenanted and generating rental income, offering strong stability for ownership. With its scale, location, and diversified revenue, this property presents an exceptional opportunity for both continued operation and future redevelopment potential. Please do not go direct or speak to staff. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
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Listed by ROYAL LEPAGE SIGNATURE REALTY
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Nick Van Rensburg
Real Estate Agent | License ID: 183650
Real Estate Agent License ID: 183650