$599,900

For sale

56 Yonge Street South, Springwater (Elmvale) - Retail for Sale

56 Yonge Street South, Springwater (Elmvale), Ontario, L0L1P0

1,980 ft²66 × 132 ft (8,712 sq ft) lot sizeListed 12 days ago

Overview

This retail property in Springwater is for sale offering roughly 1,980 sq ft of space. It has been on the market 12 days, fresher than the Springwater average of 78 days.

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Description

Turn-Key Commercial Opportunity in Elmvale Exceptional all-brick commercial building in an excellent, high-traffic Elmvale location. This well-maintained property offers 17 parking spaces, an outdoor deck, and a covered porch, making it an ideal setting for a restaurant, retail business, or other commercial venture.The upper level features a spacious retail area, two bathrooms, and included restaurant equipment. The fully finished lower level offers a walk-in cooler, walk-in freezer, three-piece bathroom, large storage room, and furnace/utility room. Previously home to a Mr. Sub restaurant, the property is currently operating as BUB's Greek Street Food and is in excellent condition. With its versatile layout, generous parking, and turn-key setup, this is a fantastic opportunity for an owner-operator or investor. Call today to learn more or arrange a viewing. (id:66096)

Property Details

MLS®: S14112650
Property Type: Retail
Zoning: CH
Interior Size: 1,980 ft²
Lot Size: 66 × 132 ft (8,712 sq ft)
Frontage: 66 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $4,387/yr
Listed: 12 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Springwater (Elmvale) listings, avg age

78d

Price / ft²

$303

List price

$600K

Haho

This retail in Springwater (Elmvale) has been listed for 12 days, which is 66 days fresher than the city average of 78. Act while there is still low competition.

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Listed by RE/MAX By The Bay Brokerage · MARK RUTTAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0L)

This home lists at $599,900, about 5.7× the local median household income of $106,000.

Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 11% 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)

$599,900· $303/ft²

For sale

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Financing

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