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$519,900
Available - For Sale
Listing ID: X8323880
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.
Price $519,900
Taxes: $3,509.59
Tax Type: Annual
Occupancy by: Owner
Address: 131-133 Garafraxa St South , West Grey, N0G 1R0, Ontario
Postal Code: N0G 1R0
Province/State: Ontario
Lot Size: 25 x 100 (Feet)
Directions/Cross Streets: Garafraxa St & Lambton St
Zoning: C1
Category: Store With Apt/Office
Building Percentage: N
Total Area: 2,743
Total Area Code:  Sq Ft
Office/Appartment Area: 1522
Office/Appartment Area Code: Sq Ft
Retail Area: 1121
Retail Area Code: Sq Ft
Sprinklers: Part
Heat Type: Gas Hot Water
Central Air Conditioning: Part
Elevator Lift: None
Water: Municipal
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CENTURY 21 MILLENNIUM INC.

131-133 Garafraxa St South , West Grey, N0G 1R0, Ontario


 
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Type: Com - Store W/Apt/Office
Area: Grey County
Municipality: West Grey
Neighbourhood: Durham
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Lot Size: 25.00 x 100.00(Feet)
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Tax: $3,509.59
Maintenance Fee: $0
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