$189.54 Per Sq Foot $2,791 est/mo Sourced by Back At You

131-133 Garafraxa Street S,Durham, ON N0G 1R0

Durham ON, N0G 1R0

Share with a friend

Description

Welcome to 131-133 Garafraxa Street South, an exciting investment opportunity in downtown Durham, in the heart of Grey County. Most recently operated as a cafe, this impressive property, with its high ceilings, updated mechanicals and ideal central location with plenty of vehicle and pedestrian traffic, offers a host of other opportunities for either an investor/landlord, or an owner/operator. Zoned C1 - General Commercial, the property is eligible for a variety of permitted uses (see documents tab for details), from business/professional office space or a medical clinic, to a bakery, or a specialty food or other retail store. For several years prior to the pandemic, the property had been home to The Garafraxa Cafe, a coffee bar/pub providing a comfortable and popular gathering place for local residents and tourists alike. The Cafe served a variety of 'lite bites', and an assortment of specialty coffees and locally crafted beers, ciders and wines. It also included a full stage, complete with a professional lighting and sound system, which regularly played host to theatrical and musical performances. For an interested buyer, this could be a turnkey opportunity to re-open the Cafe, as all of the operating assets (see list in documents file) remain on the premises and, while excluded from the listing price, are negotiable. Complementing the street level, the second floor features a spacious 3 bedroom, 1-1/2 bath apartment, flooded with natural light from 3 sides, as the property to the north is only 1 storey. The apartment has a separate entrance from the street, and a private, fenced back yard. Currently owner-occupied, it will be vacant on closing, so you can live-in, or enjoy a secondary source of rental income at market rates. This property must be seen to be fully appreciated.

Details

MLS#40581992
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site73
Listing Provided ByCentury 21 Millennium Inc., Brokerage (Thornbury) | Greg Callahan

Features

SQ Feet2,743
BasementY
Story(s)2
ZoningC1
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

Request a showing

Request a showing

Loading Form
Listings Checked: 4 minutes ago
ProvinceON
CountyGrey
CityDurham
Postal CodeN0G 1R0
AreaWest Grey
SubareaWest Grey
Community NameWest Grey
Listing VS Median (in West Grey)
Price:
$519,900
low | high
Med:
$663,900
22.302365839585% of Average
SqFt:
2,743
low | high
Med:
1,540
93.857090776522% of Average
$ / SqFt:
$190
low | high
Med:
$431
77.451045780532% of Average
On Site:
73
low | high
Med:
32.000000
100% of Average
Sourced by Back At You
Listing Updated: May 27, 2024 at 12:22:17 PM PDT