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131-133 Garafraxa Street S

Durham, Ontario

$519,900

About 131-133 Garafraxa Street S

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:6289)

Features of 131-133 Garafraxa Street S

Listing # 40581992
Price $519,900
Type Other
Sub-Type Freehold
Status Active

Community Information

Address 131-133 Garafraxa Street S
Subdivision West Grey
City Durham
Province Ontario
Postal Code N0G1R0

Amenities

Amenities Hospital, Schools
Utilities Electricity, Natural Gas, Telephone
Features Visual exposure
Is Waterfront No
Has Pool No

Interior

Fireplace No
# of Stories 2
Has Basement No

Exterior

Exterior Brick

Listing Details

OfficeCentury 21 Millennium Inc., Brokerage (Thornbury)

Listing Map