119 Pembroke Street West, Pembroke - Business for Sale
119 Pembroke Street West, Pembroke, Ontario, K8A5M7
This business in Pembroke is for sale offering roughly 3,775 sq ft of space.
Description
This well established downtown icon has been thriving since 1967. It offers a fantastic opportunity to own a turnkey business with a loyal customer base and prime visibility, all while continuing to produce strong income. With a prime location in a high-traffic area, the business benefits from steady repeat clientele along with high foot traffic during breakfast/lunch/dinner times. This restaurant is also listed on major food delivery platforms including Valley Eats and Uber Eats. The restaurants loyal customer base and longstanding reputation for quality meals and excellent service makes it an ideal choice for both experienced restaurateurs and those entering the restaurant biz. The second level offers 2 one(+) bedroom residential apartments (each with separate hydro metre). The basement is dry, and presently used for storage, staff bath, walk in fridge and office space. Upgrades include: Full renovation of customer washrooms in restaurant (2020); Installation of two electric high volume air conditioners and heat pump units (2022); Electric hot water tank for restaurant (2023); Custom security door at back of restaurant (2023). Bonanza is a local family brand restaurant with over 50 years of fantastic service and comforting home style food - ready for new ownership and new opportunity. 60 seat dining capacity. Full restaurant financials available to qualified buyers. 24 hour irrevocable on all offers. (id:66096)
Property Details
- MLS®
- X12509664
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- C-3
- Bathrooms
- 5
- Interior Size
- 3,775 ft²
- Frontage
- 25 ft
- Building Area
- 3,775 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $3,448.05/yr
- Listed
- 364 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 364 days on market, against an average age of 122 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 97.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Pembroke 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 (K8A)
This home lists at $419,900, about 5.6× the local median household income of $75,000.
Carrying it typically needs a household income of about $82,021 (20% down, 25-yr amortization, stress-tested) — roughly 9% above the area median.
- Median household income
- $75,000
- Population
- 26,392
- Median age
- 45.6
- Owner / renter
- 70% / 30%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA K8A)
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$419,900
Pembroke