105 James St - Restaurant FOR SALE


Parry Sound, ON P2A 1T7
$1,699,000 CAD
416-618-0054

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$1,699,000 CAD
Restaurant - FOR SALE
null | Request Cap Rate

105 James St
Parry Sound, ON P2A 1T7


OVERVIEW

An exceptional fine-dining family restaurant opportunity located in picturesque Parry Sound, widely regarded as the jewel of Georgian Bay. The restaurant occupies a prime location on the town’s main thoroughfare and busiest street, just a short five-minute walk from the waterfront, ensuring excellent visibility and steady foot traffic. The current owners acquired the business in 2019 and have completed extensive renovations, including new patios, leasehold improvements, building additions, and upgraded equipment. The restaurant is licensed for 149 indoor seats, with two outdoor patios seating 40 guests each, offering strong capacity during peak seasons. The space is well designed and fully equipped, featuring four washrooms, three walk-in refrigerators, and two commercial exhaust hoods measuring 10 feet and 6 feet respectively. Additional highlights include rear parking for 10 vehicles and a full basement in excellent condition, providing valuable storage and operational flexibility. The business generates excellent sales and strong profits, in addition to owner salaries, and continues to grow year over year. This is a rare opportunity to own both the business and the building—eliminating rent and allowing the owner to act as their own landlord in a high-demand market known for exceptional summer sales. Since taking ownership in 2021, the owners have continued to invest heavily in the property, completing major renovations throughout the building. This includes a completely rebuilt commercial kitchen featuring a combined 16 feet of exhaust hood, three walk-in coolers, and a substantial amount of new, high-quality equipment. This is a true turnkey opportunity—your dream restaurant is ready for operation. Full zoning and permitted-use documentation is available upon request. The property offers rear parking for 10 vehicles and is ideally situated in downtown Parry Sound, just minutes from the waterfront. There is also potential for additional structures and future rezoning, providing upside for long-term development or expansion. Parry Sound is the premier tourist destination in the region, attracting visitors year-round and home to notable attractions such as the Island Queen Cruise, Bobby Orr Hall of Fame, Georgian Bay Airways, Trestle Brewing Company, and more—making this an outstanding location for hospitality and investment alike.

FOR SALE DETAILS

PRICE

$1,699,000 CAD

PRICE/SF

$485 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

493203000303600

ASK ABOUT THIS PROPERTY

Ryan EarlRoyal LePage Signature RealtyMore Info
416-618-0054

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Ryan EarlRoyal LePage Signature RealtyMore Info
416-618-0054

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.