39 Arthur Street, Woolwich - Business for Sale
39 Arthur Street, Woolwich, Ontario, N3B2M4
This business in Woolwich is for sale offering roughly 2,500 sq ft of space. It has been on the market 44 days, fresher than the Woolwich average of 71 days.
Description
An exceptional opportunity to acquire a well-established restaurant at 39 Arthur Street in the heart of beautiful downtown Elmira. Prominently positioned on a highly visible corner within one of the community's most recognizable commercial corridors, this meticulously maintained restaurant has operated successfully for over 20 years, serving generations of loyal customers and building a strong local presence. The restaurant features a fully equipped commercial kitchen with a large exhaust hood, generous preparation areas, ample storage, and infrastructure suitable for a wide variety of food-service concepts. A liquor licence for up to 90 seats provides excellent capacity for dine-in service, private events, and continued growth. Ideal for an experienced restaurant operators, first-time operator, or growing hospitality group, this is a rare opportunity to acquire a turnkey restaurant with a proven operating history in one of Waterloo Region's most desirable small-town markets. Please do not go direct or speak with staff. (id:66096)
Property Details
- MLS®
- X13807954
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- C-1
- Parking
- 4
- Interior Size
- 2,500 ft²
- Frontage
- 18 ft
- Building Area
- 2,500 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 44 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 44 days on market, against an average age of 71 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 98.9 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Woolwich has been listed for 44 days, which is 27 days fresher than the city average of 71. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N3B)
This home lists at $399,000, about 3.7× the local median household income of $107,000.
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
- $107,000
- Population
- 13,190
- Median age
- 38.4
- Owner / renter
- 82% / 18%
- Avg. household size
- 2.7
Source: Statistics Canada, 2021 Census (FSA N3B)
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$399,000
Woolwich