For Sale Business

11 Beckwith Street S

$1,149,000 Est. $5,088/mo ↓

Smiths Falls, Ontario K7A 2A9

10,855 sqft Interior
0.113 Ac Lot size
1 day ago Listed
Virtual tour Partially Air Conditioned Forced Air

About this home

Exceptionally well-maintained commercial/residential building in downtown Smiths Falls. After 53 years of operating a successfully popular restaurant, owners are retiring. The building's main floor has fully equipped restaurant with upscale kitchen. Second and third floors include six apartments, all rented. The restaurant's 4969sf versatile layout offers flexibility for variety of dining concepts, seating arrangements and service styles. Welcoming front reception area includes pizza workstation. From here, customers walk into casual 54'x15' dining area that seats 66. Two steps up to second 37'x 24' dining room seating 45, with attractive stone wall plus bar area. Besides dining areas, restaurant has a 32'x 32' banquet hall for special events that seats 66. Adjoining the banquet hall is all-equipped dessert station. Turnkey fully-equipped kitchen has efficient workflow with professional grade appliances, ample prep space and commercial refrigeration including walk-in cooler & walk-in freezer. Three natural gas furnaces and central air, for main floor restaurant. Four washrooms and storage rooms. Basement provides extra storage space. Separate exterior door for access to rental apartments on second and third floors. Rented apartments include one 1-bedroom apartment; two 1-bedroom + den apartments; two 2-bedroom apartments and studio apartment. Each apartment has electric baseboard heating, 100 amp service and their own hydro meter. Roof's front shingles 2025; back shingles approx 2015. All windows 2006-2007. Curbside garbage pickup for apartments. Restaurant has garbage contract service. Street parking, two hours free. Zoning C1 (Commercial). Over the years, restaurant was open 7 days a week with full capacity and regular bookings for the banquet hall. Excellent location downtown Smiths Falls. Opportunity to invested in the growing town, on the Rideau Canal system. Convenient central location, 20 mins to Perth or Carleton Place and 50 mins to Ottawa. (id:28469)

Business

Business Type Restaurant
Business Sub Type Restaurant/pub
Name Ger-Bo's Restaurant

Facts & features

Property

MLS® Number
X14123334
Property Type
Business
Community Name
901 - Smiths Falls
Amenities Near By
Recreation
Equipment Type
Washer(s)
Rental Equipment Type
Washer(s)

Building

Cooling Type
Partially Air Conditioned
Heating Fuel
Natural Gas
Heating Type
Forced Air
Size Interior
10,855 Sqft
Utility Water
Municipal Water

Land

Acreage
No
Land Amenities
Recreation
Size Depth
83 Ft ,5 In
Size Frontage
57 Ft ,6 In
Size Irregular
0.113
Size Total
0.113 Ac
Size Total Text
0.113 Ac
Zoning Description
C1 (commercial)

Monthly payment estimate

$
Estimated payment — per month
Mortgage amount
—
Total interest
—

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment
$5,088/mo
Ontario land transfer tax
$19,455 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Smiths Falls market

84 Active listings
$421,500 Median asking price
173% above median This home
36 days Avg. time on market
Browse all Smiths Falls listings →

Location

11 Beckwith Street S, Smiths Falls, Ontario K7A 2A9  ·  Get directions

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