haho.ca
$99,000
For sale

46 Queen Street, Springwater (Elmvale) - Business for Sale

46 Queen Street, Springwater (Elmvale), Ontario, L0L1P0

2,500 ft²Listed 124 days ago
Overview

This business in Springwater is for sale offering roughly 2,500 sq ft of space.

Description

***Taxes Yet to Be Assessed*** Own a thriving Indian restaurant in one of Simcoe County's growing communities! Golden Hours Indian Bistro - Elmvale is a fully operational, liquor-licensed restaurant offering an excellent turnkey business opportunity just 10 km from Wasaga Beach on a major route connecting to the beach. Strategically located in the heart of Elmvale, the restaurant benefits from strong drive-by exposure, surrounding new residential developments, and a prime location directly across from the community center. A high school is located just 500 meters south, while the local arena is only steps away, providing consistent customer traffic throughout the year. The premises offer approximately 1,800 sq. ft. of main-floor restaurant space, plus an additional 700 sq. ft. unfinished basement ideal for storage. Additional storage is also available at the rear of the building. The property features three separate entrances and separate men's and women's washrooms. The current lease extends until 2030, with an option to renew for an additional five years. The current monthly rent is $2,765, including TMI and HST, making this an attractive opportunity for entrepreneurs or investors looking to step into a well-established restaurant in a growing market with limited direct competition. Don't miss this rare opportunity to own a successful restaurant in a high visibility location with excellent growth potential. (id:66096)

Property Details

MLS®
S13519972
Property Type
Business
Business Type
Restaurant
Zoning
Commercial
Interior Size
2,500 ft²
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Listed
124 days ago

Features

Appliances
Dishwasher, Freezer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market
124d
Springwater (Elmvale) listings, avg age
78d
Price / ft²
$40
List price
$99K

Long Listed: 124 days on market, against an average age of 78 days across the listings currently for sale in this city

Haho

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

Listed by HOMELIFE G1 REALTY INC. · MEHAK MEHAK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0L)

This home lists at $99,000, about 0.9× the local median household income of $106,000.

Carrying it typically needs a household income of about $19,338 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$99,000· $40/ft²
For sale

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Financing

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$99,000

Springwater

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