24 Mill Street, New Tecumseth (Tottenham) - Business for Sale
24 Mill Street, New Tecumseth (Tottenham), Ontario, L0G1W0
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
Long Listed: 68 days on market, against an average age of 49 days across the listings currently for sale in this city
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?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
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)
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$399,000
New Tecumseth