$599,000
Available - For Sale
Listing ID: X13433974
21980 Hwy 7 N/A , Tay Valley, K0H 2B0, Lanark
| POWER OF SALE! Rare mixed-use investment opportunity on a high-exposure 1.31-acre lot with excellent frontage and easy access to Highway 7. Approx. 5,652 sq. ft. main building featuring a fully equipped restaurant with commercial kitchen, walk-in fridge and freezer, bar and dining area seating 58, plus outdoor patio seating for 18. Main floor also offers office space, storage areas, and additional flexible commercial space suitable for a variety of permitted uses. Upper level includes a spacious 6-bedroom residential unit providing added income potential. Separate detached approx. 350 sq. ft. building previously operated as an ice cream shop, convenience store, and coffee shop, and is equipped for EV charging infrastructure. Multiple entrances, ample parking, and excellent visibility. Ideal opportunity for investors, owner-operators, hospitality ventures, retail, commercial, and mixed-use applications. Property being sold under Power of Sale in "As Is, Where Is" condition. Seller makes no representations or warranties. Buyer to conduct own due diligence regarding zoning, permitted uses, measurements, taxes, and condition of the property. |
| Price | $599,000 |
| Taxes: | $7823.74 |
| Tax Type: | Annual |
| Assessment Year: | 2026 |
| Occupancy: | Vacant |
| Address: | 21980 Hwy 7 N/A , Tay Valley, K0H 2B0, Lanark |
| Postal Code: | K0H 2B0 |
| Province/State: | Lanark |
| Legal Description: | PART LOT 14 CON 8 SOUTH SHERBROOKE ; PAR |
| Directions/Cross Streets: | Hwy 7 & Bolingbroke Rd |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Use: | Hospitality/Food Related |
| Building Percentage: | T |
| Total Area: | 6002.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 5652 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 51-99 |
| Financial Statement: | F |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Employees #: | 7 |
| Seats: | 58 |
| Sprinklers: | No |
| Washrooms: | 0 |
| Crane: | F |
| Soil Test: | No |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
| Sewers: | Septic |
| Water: | Dug Well |
| Water Supply Types: | Dug Well |
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| ROYAL LEPAGE IGNITE REALTY |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Lanark |
| Municipality: | Tay Valley |
| Neighbourhood: | 905 - Bathurst/Burgess & Sherbrooke (South S |
| Approximate Age: | 51-99 |
| Tax: | $7,823.74 |
| Fireplace: | N |
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