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$519,900
Available - For Sale
Listing ID: X10436359
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.
Price $519,900
Taxes: $3,509.59
Tax Type: Unknow
Assessment: $162000
Assessment Year: 2024
Occupancy by: Owner
Address: 131-133 GARAFRAXA Stre South , West Grey, N0G 1R0, Grey County
Postal Code: N0G 1R0
Province/State: Grey County
Legal Description: PT LT 11 E/S GARAFRAXA RD PL 500 DURHAM
Lot Size: 25 x 94.06 (Feet)
Directions/Cross Streets: Property is on the east side of Garafraxa Street South, in the first block south of the main interse
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Store With Apt/Office
Building Percentage: T
Total Area: 2,743
Total Area Code:  Square Feet
Office/Appartment Area: 1522
Office/Appartment Area Code: Sq Ft
Retail Area: 1221
Retail Area Code: Sq Ft
Financial Statement: F
Chattels: F
Franchise: F
Hours Open: 0
Employees #: 0
Seats: 0
LLBO: N
Maintenance: 0
Sprinklers: No
Heat Type: Unknown
Central Air Conditioning: Unknown
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Century 21 Millennium Inc., Brokerage (Thornbury)

131-133 GARAFRAXA Stre South , West Grey, N0G 1R0, Grey County


 
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Type: Com - Store W Apt/Office
Area: Grey County
Municipality: West Grey
Neighbourhood: West Grey
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Lot Size: 25.00 x 94.06(Feet)
Approximate Age:
Tax: $3,509.59
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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