14 Clinton Street S Teeswater, Ontario N0G 2S0

8 Bedroom 1 Bathroom 5000
Ductless Boiler


If you are looking for a great investment building to add to your portfolio then have a look at this one. As it stands this building caps out at about 7% on top of any finances related to the restaurant. The restaurant business is included in the sale price giving the buyer an opportunity to run the business or to rent the space out to another entrepreneur. Estimated rental rate is about 3000 making the cap rate on this building jump to about 14%. The building is fully rented but 2 or possibly 3 units can be vacant on closing allowing the buyer to give units a facelift and set market rents. Whether you are looking for that perfect investment or if you have been thinking about starting a restaurant then call today to view and get the ball rolling. This is the only restaurant in town and has been in the same family for 48 years. The second generation owner is ready to retire and start the next chapter of her life. Boomers Restaurant (formerly The Cosy Nook) is known far and wide for the great food at reasonable prices. It has served as the community hub and breakfast hot spot for years. Current owner closes the restaurant daily at 2:00 so there is opportunity to expand hours and increase revenue. Opportunities abound with this property. (id:51300)

Property Details

MLS® Number 40435834
Property Type Multi-family
Neigbourhood Teeswater
Amenities Near By Place Of Worship
Features Corner Site


Bathroom Total 1
Bedrooms Total 8
Basement Development Unfinished
Basement Type Partial (unfinished)
Cooling Type Ductless
Exterior Finish Vinyl Siding
Fire Protection Smoke Detectors
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Boiler
Stories Total 2
Size Interior 5000
Utility Water Municipal Water


Attached Garage


Access Type Highway Nearby
Acreage No
Land Amenities Place Of Worship
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 42 Ft
Size Total Text Under 1/2 Acre
Zoning Description Commercial/residential


Perry Caskanette

(519) 433-4331
(519) 433-6894

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