Added 6 months ago
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Type: Store W/Apt/Office
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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®#: X8323880
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Days on Site: 19 Days
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Added: May 09, 2024 (6 months ago)
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Updated:
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Last Checked: 10 hours ago
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Listed By: CENTURY 21 MILLENNIUM INC.
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.
Property
Status: Sale
Property Type: Store W/Apt/Office
Property Type: Store With Apt/Office
Area: West Grey
Community: Durham
Availability Date: Flexible
Inside
Air Conditioning: Part
Utilities
Utilities: Available
Building
Basement: Y
Heat Type: Gas Hot Water
Elevator: None
Freestanding: N
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2023
Taxes: $3,510
Taxes Type: Annual
Land
Cross Street: Garafraxa St & Lambt
Municipality District: West Grey
Parcel Number: 373190114
Lot Depth: 100 Feet
Lot Frontage: 25 Feet
Zoning: C1
Additional Media
- Virtual Tour: https://sites.elevatedphotos.ca/133garafraxastreetsouth?mls
Commercial Specific
Retail Area: 1121
Retail Area Metric: Sq Ft
Sprinklers: Part
Total Area: 2743
Total Area Metric: Sq Ft
Office Size: 1522
Office Size Metric: Sq Ft
Lot Code: Lot
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
