33 Queen St Street, North Stormont - Retail for Sale

Description

Prime Mixed-Use Landmark with Massive Upside - The Hub of Crysler. Seize a rare opportunity at 33 Queen Street, the premier commercial landmark in the rapidly expanding community of Crysler. This versatile multi-income asset features a stable retail tenant, a high-performing hospitality business, and a residential unit, all strategically positioned to capitalize on the region's massive residential surge. The property is anchored by a front-facing pharmacy (tenant since 2016) on a flexible month-to-month lease, providing a solid foundation of essential foot traffic. The renowned Side Door Family Restaurant generates approximately $250,000 in annual revenue on a highly optimized "lifestyle" schedule of just 36 hours per week (Thurs-Sun), leaving immediate and massive potential to scale income by expanding to full-week service. Significantly, the restaurant enjoys a dominant market position with no close surrounding competition, ensuring it remains the primary dining destination for the area. Having already seen a 30% revenue increase post-recovery, the business is perfectly poised to serve the 800-unit "Villages of Crysler" subdivision expansion, with Phase 1 (100 homes) set for completion by Spring 2026. This offering is completed by a spacious 2-bedroom apartment at the rear, ideal for an owner-occupier or as a third rental stream to maximize the CAP rate. Backed by the Township's 2025 infrastructure upgrades and lower property taxes compared to surrounding areas, this turnkey property offers the perfect blend of immediate cash flow and explosive growth in Ottawa's fastest-growing "bedroom community. The property only will be sold with restaurant business together. (id:66096)

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