BUILDING & BUSINESS FOR SALE! Exceptional opportunity to acquire The Palace Tavern, an established Elmvale business together with its approximately 4,700 sq. ft. mixed-use building. Ideally situated in the heart of this vibrant and growing community, the property offers multiple income streams with a fully equipped tavern, café space and three on-site residential apartments. The popular tavern is known for its welcoming atmosphere, live entertainment and signature Jam Nights, providing an excellent foundation for a new owner to continue and expand the operation. Ample on-site parking and an outdoor patio further enhance the property's year-round appeal. Whether you are an entrepreneur seeking a turnkey hospitality business or an investor looking for a versatile commercial and residential asset, this unique offering presents outstanding potential in a well-established community. A rare opportunity to own the real estate and business under one roof! (id:13843)
| MLS # | S13794584 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 46 |
| Listing Provided By | ROYAL LEPAGE REAL ESTATE SERVICES LTD. | NADENE MILNES |
| Bath(s) | 5 Total |
|---|---|
| Zoning | Commercial |
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air |
| Fireplace Yes / No | No |
| Water Source | Municipal water |
|---|
| Tax Annual Amount | 3718.7 |
|---|
| Province | ON |
|---|---|
| City | Springwater (Elmvale) |
| Postal Code | L0L1P0 |
| Listing VS Median (in L0L1P0) | |
Price: $2,875,000 low | high Med: $649,900 On site: 46 low | high Med: 88 | |
| Province | ON |
|---|---|
| City | Springwater (Elmvale) |
| Postal Code | L0L1P0 |
| Listing VS Median (in L0L1P0) | |
Price: $2,875,000 low | high Med: $649,900 On site: 46 low | high Med: 88 | |