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131-133 Garafraxa Street S Durham, Ontario N0G 1R0

2743 sqft

$519,900

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. (id:37372)

Property Details

MLS® Number 40581992
Property Type Other
Amenities Near By Hospital, Schools
Communication Type High Speed Internet
Community Features High Traffic Area
Features Visual Exposure

Building

Basement Type Partial
Exterior Finish Brick
Stories Total 2
Size Exterior 2743.0000
Size Interior 2743 Sqft
Utility Water Municipal Water

Land

Access Type Highway Access
Acreage No
Land Amenities Hospital, Schools
Sewer Municipal Sewage System
Size Frontage 25 Ft
Size Total Text Under 1/2 Acre
Zoning Description C1

Utilities

Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/26872068/131-133-garafraxa-street-s-durham

Interested?

Contact us for more information


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Greg Callahan
Salesperson

1 (416) 568-9563
(519) 599-2368

Century 21 Millennium Inc., Brokerage (Thornbury)
1 Bruce Street North, Box 95
Thornbury, Ontario N0H 2P0

(519) 599-3300
(519) 599-2368
www.c21m.ca

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