13 Queen Street West, Springwater (Elmvale) - Business for Sale
13 Queen Street West, Springwater (Elmvale), Ontario, L0L1P0
This business in Springwater is for sale. It has been on the market 48 days, fresher than the Springwater average of 77 days.
Description
BUILDING & BUSINESS FOR SALE! Exceptional opportunity to acquire The Palace Tavern, an established Elmvale business together with its approximately 4,700 sq. ft. mixed-use building. Ideally situated in the heart of this vibrant and growing community, the property offers multiple income streams with a fully equipped tavern, café space and three on-site residential apartments. The popular tavern is known for its welcoming atmosphere, live entertainment and signature Jam Nights, providing an excellent foundation for a new owner to continue and expand the operation. Ample on-site parking and an outdoor patio further enhance the property's year-round appeal. Whether you are an entrepreneur seeking a turnkey hospitality business or an investor looking for a versatile commercial and residential asset, this unique offering presents outstanding potential in a well-established community. A rare opportunity to own the real estate and business under one roof! (id:66096)
Property Details
- MLS®
- S13794584
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Bathrooms
- 5
- Frontage
- 69 ft
- Heating
- Forced air
- Cooling
- Fully air conditioned
- Property Tax
- $3,718.7/yr
- Listed
- 48 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 48 days on market, against an average age of 77 days across the listings currently for sale in this city
This business in Springwater (Elmvale) has been listed for 48 days, which is 29 days fresher than the city average of 77. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L0L)
This home lists at $2,875,000, about 27.1× the local median household income of $106,000.
Carrying it typically needs a household income of about $561,588 (20% down, 25-yr amortization, stress-tested) — roughly 430% above the area median.
- Median household income
- $106,000
- Population
- 42,022
- Median age
- 46.8
- Owner / renter
- 89% / 11%
- Avg. household size
- 2.7
Source: Statistics Canada, 2021 Census (FSA L0L)
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$2,875,000
Springwater