haho.ca
$399,000
For sale

24 Mill Street, New Tecumseth (Tottenham) - Business for Sale

24 Mill Street, New Tecumseth (Tottenham), Ontario, L0G1W0

6,000 ft²Listed 68 days ago
Overview

This business in New Tecumseth is for sale offering roughly 6,000 sq ft of space.

Description

Exceptional Turnkey Restaurant Opportunity in Growing Tottenham! Taste of Freedom presents a rare opportunity to acquire a beautifully appointed, fully turnkey restaurant with an impressive 30+ year history and proven track record of success. Situated in the thriving community of Tottenham, this approximately 6,000 sq. ft. property offers a unique blend of restaurant, hospitality and private-event potential. The restaurant is full of character in every room and floor of the building, inside and out. Licensed for 79 seats inside and 121 seats on the rear patio, creating an incredible opportunity for high-volume seasonal dining, weddings, ceremonies, celebrations, private events and more. The remarkable rear patio is a true outdoor oasis and one of the property's standout features. The spacious upstairs area offers incredible flexibility and can be utilized for private dining, bridal suites, event preparation, office space, Airbnb potential and a variety of other hospitality uses. Ample parking is available in a private lot immediately next door, adding convenience for guests and event attendees. A well-established and highly regarded operation with character, charm and multiple revenue opportunities, this is a truly exceptional opportunity for an owner-operator, restaurateur or hospitality investor looking to build on a long-standing local success. (id:66096)

Property Details

MLS®
N13723536
Property Type
Business
Business Type
Restaurant
Zoning
C1
Interior Size
6,000 ft²
Frontage
45 ft
Building Area
6,000 ft²
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Listed
68 days ago

Services

Water
Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market
68d
New Tecumseth (Tottenham) listings, avg age
49d
Price / ft²
$67
List price
$399K

Long Listed: 68 days on market, against an average age of 49 days across the listings currently for sale in this city

Haho

This business in New Tecumseth (Tottenham) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · JASON KLEYN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0G)

This home lists at $399,000, about 3.4× the local median household income of $118,000.

Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income
$118,000
Population
44,945
Median age
41.6
Owner / renter
88% / 12%
Avg. household size
2.9

Source: Statistics Canada, 2021 Census (FSA L0G)

$399,000· $67/ft²
For sale

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Financing

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$399,000

New Tecumseth

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