$1,600,000
Belleville
304 Front Street, Belleville (Belleville Ward), Ontario, K8N2Z8
This retail property in Belleville is for sale offering roughly 6,716 sq ft of space. It has been on the market 61 days, fresher than the Belleville average of 80 days.
Very rarely does a flawlessly renovated building that contains not one, but two incredible businesses become available for sale. This 6700 square foot building contains not only one of the most well known restaurants in the Quinte area, but also a successful short term rental business known as the The Inn. The first floor is home to a 34 seat gourmet restaurant known as L'Auberge de France that has a thriving dine-in and takeaway business. A bustling front patio in the summertime, which increases the number of seats to 58 , is regularly filled at lunch time and on weekends. Multiple income streams are derived from dine-in, take out, two large freezer cases for make-at-home dinners, and wine sales. In recent years, as the owner has begun to think about retirement, the restaurant's schedule has been reduced to 4 days a week with only lunch service each day. This represents a HUGE UPSIDE OPPORTUNITY for a chef or restauranteur who wants to open in the evenings for dinner, stay open on additional weekdays, or cater events. One only needs to stop by during any lunch hour or Saturday morning to see the huge demand for additional hours that is present here among a large and loyal customer base. The layout of the main kitchen and the lengthy list of equipment included in this sale is a restaurateurs dream that would work well for any style of food or restaurant. An open concept layout lets the dining room and the Chef's kitchen blend seamlessly and function at maximum efficiency. The top two floors have been transformed into a two bedroom, two bath, 4000 sq ft one a kind AirBnb is so busy it is already booking late into 2026. As with the rest of the building, the seller undertook a full renovation down to the studs that has resulted in the creation of a one of a kind space that will provide income for years to come. On the third floor there is an additional space with its own private entrance that could potentially be converted into a second AirBnb or an owners suite. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 61 days on market, against an average age of 80 days across the listings currently for sale in this city
This retail in Belleville (Belleville Ward) has been listed for 61 days, which is 19 days fresher than the city average of 80. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,600,000, about 20.3× the local median household income of $79,000.
Carrying it typically needs a household income of about $312,536 (20% down, 25-yr amortization, stress-tested) — roughly 296% above the area median.
Source: Statistics Canada, 2021 Census (FSA K8N)
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