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West Grey, ON N0G 1R0,131-133 Garafraxa ST S
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West Grey, ON N0G 1R0,131-133 Garafraxa ST S
West Grey, ON N0G 1R0,131-133 Garafraxa ST S
West Grey, ON N0G 1R0,131-133 Garafraxa ST S
West Grey, ON N0G 1R0,131-133 Garafraxa ST S
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Jamie Black

Jamie Black

+1(416) 347-9383
$ 519,900
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131-133 Garafraxa ST S West Grey, ON N0G 1R0

2,743 SqFt

UPDATED:

11/04/2024 02:29 PM

Key Details

Property Type Commercial

Sub Type Store W Apt/Office

Listing Status Active

Purchase Type For Sale

Square Footage 2,743 sqft

Price per Sqft $189

MLS Listing ID X8323880

Annual Tax Amount $3,509

Tax Year 2023

Property Description

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.

Location

Province ON

County Grey County

Area Durham

Interior

Cooling Partial

Exterior

Utilities Available Available

Others

Security Features Partial

Listed by CENTURY 21 MILLENNIUM INC.

Jamie Black

Sales Representative

+1(416) 347-9383

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131-133 Garafraxa ST S

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