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Renanza Realty
For sale

3 PROSPECT AVENUE

Cobalt, Ontario

MLS® T13597924

$294,500

Status
Active
Property type
Retail
MLS® number
T13597924
Bedrooms
Bathrooms
Year built

Listing description

An incredible opportunity awaits in the downtown core of Cobalt, the historic silver capital of the world. This massive commercial property offers over 8,000 sq. ft.

of prime main-floor space, uniquely designed to feature a full-service restaurant on one side and a bustling pizza takeout operation on the other. Exceptionally well-supported by the loyal local community, the business is famous for its monthly "Fish Friday" event, which consistently draws a packed house. This is a true turnkey operation-the current owners are looking to retire and are offering the complete restaurant fully equipped with updated machinery and recently refreshed, modern decor.

Best of all, the dedicated, experienced staff are willing to stay on, ensuring a seamless transition for the next owner. The building also includes an excellent lower-level owner's apartment featuring 2 bedrooms with plenty of other space and a private bathroom, providing the perfect live-work setup or an additional rental income stream. Private parking for the owners is conveniently located at the rear of the property.

Priced at asset value, the asking price reflects the cost of the real estate alone-meaning you receive a fully operational, fully equipped restaurant business practically included. Don't miss out on this remarkable investment opportunity

Property summary

MLS® number
T13597924
Property type
Retail
Building type
Residential Commercial Mix
Square footage
8,800 sq ft
Land size
41.25 x 110 FT
Annual property taxes
$6,620.68
Days on market
34 days

Features & details

Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Lot features
Irregular lot size

What would this home cost you?

Based on the $294,500 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$1,370 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of ROYAL LEPAGE BEST CHOICE REALTY, New Liskeard.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.