48 Main St - Storefront Retail/Residential FOR SALE


Penetanguishene, ON L9M 1S8
$3,999,000 CAD
416-618-0054

NO PHOTO

$3,999,000 CAD
Storefront Retail/Residential - FOR SALE
null | Request Cap Rate

48 Main St
Penetanguishene, ON L9M 1S8


HIGHLIGHTS

  • Established, high-performing family restaurant with a loyal customer base.
  • Six upgraded residential apartments fully occupied, providing stable rental income.
  • Prime downtown location with visible frontage and strong pedestrian traffic.
  • Located near Georgian Bay, marinas, parks, and a bustling tourism corridor.

OVERVIEW

The property also includes six fully tenanted residential apartments located above the restaurant, bringing the total building size to approximately 4,400 sq ft across two floors. The residential units provide steady rental income that supports both the business and the overall investment, creating a rare opportunity to acquire a restaurant with built-in income-producing real estate. This is an ideal opportunity for owner-operators or investors seeking a well-established restaurant paired with reliable residential income. Training will be provided to ensure a smooth transition for new ownership. Please do not go direct or speak to staff.

FOR SALE DETAILS

PRICE

$3,999,000 CAD

PRICE/SF

$667 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

-

APN/PARCEL ID

437201000311900

ASK ABOUT THIS PROPERTY

Ryan EarlCarve Real EstateMore Info
416-618-0054

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Ryan EarlCarve Real EstateMore Info
416-618-0054

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