131-133 Garafraxa Street S Active Save Request In-Person Tour Request Virtual Tour
Durham,ON N0G 1R0
Key Details
Property Type Commercial
Sub Type Store with Apt/Office,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 2,743 sqft
Price per Sqft $189
MLS Listing ID 40581992
Annual Tax Amount $3,509
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. This property must be seen to be fully appreciated.
Location
Province ON
County Grey
Area West Grey
Zoning C1
Rooms
Kitchen 0
Exterior
Garage Public
Utilities Available Electricity Connected,Garbage/Sanitary Collection,Natural Gas Connected,Recycling Pickup,Street Lights,Phone Connected
Waterfront No
Building
Lot Description City Lot,High Traffic Area,Highway Access,Hospital,Schools,Visual Exposure
Story 2
Sewer Sewer (Municipal)
Water Municipal
New Construction No