Added 7 months ago
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Type: Sale Of Business
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Property Type: Commercial
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Zoning: C1
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Age: No Data
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Taxes: 3509.59
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MLS®#: X10436359
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Days on Site: 223 Days
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Added: May 09, 2024 (7 months ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: Century 21 Millennium Inc., Brokerage (Thornbury)
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.
Property
Status: Sale
Property Type: Sale Of Business
Property Type: With Property
Area: West Grey
Community: Durham
Availability Date: Flexible
Assessment Amount: $162,000
Assessment Year: 2024
Building
Basement: Y
Water Supply: Municipal
Fees
Tax Year: 2023
Tax Legal Description: PT LT 11 E/S GARAFRAXA RD PL 500 DURHAM AS IN GS57143; T/W GS571
Taxes: $3,510
Land
Cross Street: Property is on the e
Municipality District: West Grey
Parcel Number: 373190114
Sewer: Sewers
Lot Frontage: 25
Zoning: C1
Additional Media
- Virtual Tour: https://sites.elevatedphotos.ca/133garafraxastreetsouth?mls
Commercial Specific
Retail Area: 1221
Total Area: 2743
Total Area Metric: Sq Ft
Office Size: 1522
St Peter's & St Paul's Separate School
Elementary: CatholicDawnview Public School
Elementary: PublicNormanby Community School
Elementary: PublicEgremont Community School
Elementary: PublicHanover Heights Community School
Elementary: PublicSpruce Ridge Community School
Elementary: PublicWalkerton District Community School
Secondary: PublicWellington Heights Secondary School
Secondary: PublicNorwell District Secondary School
Secondary: PublicSacred Heart High School
Secondary: CatholicJohn Diefenbaker Senior School
Secondary: PublicGrey Highlands Secondary School
Secondary: Public
