The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Entrepreneurs - Live your Dream!! Do you have a Growth Mindset? This Golden Opportunity is for you. Located just minutes from Friday Harbour, yet without the Regulations! For over 40 years, this Beloved Four Season, 5* Rated Big Bay Point Family Restaurant is combined with a quaint residence awaiting its next incarnation!!Physical details:Lot: 185.98' Frontage and 135' Depth* 24,989.33 sq ft; 0.575 Acres Restaurant/Retail: 1,663 sq.ft. licensed for 100 seats including 30 seat licensed patio; Full Kitchen w/walk/in cooler and recent renovations including:Parking for 40 Single-Family Loft Residence: One Br and 1.5 Baths Built in 2002 and substantially renovated 2023 w/1,072 sq ft; 746' on Main level, 326 in loft + Delightful, fully landscaped Private entertainment venue which benefits residence and/or the restaurant.Various options for Use:1.Owner/Operator: Live onsite and run the restaurant or expand restaurant to maximize capacity of liquor license;2.Investor: Lease restaurant and the Residence or Potentially sever the property and perhaps add an additional residence (subject to approval);3.Expand Potential uses such as a wine bar, micro-brewery or party venue.Commercial C-1 Zoning permits business, rental or development opportunities.Attachment with List of Chattels and Fixtures Included is Attached;Property Sold in AS IS condition. Seller makes no warranties or representations. Buyers to perform their own due diligence regarding the property and potential uses.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$8,441/mo
Mortgage (principal + interest)$7,441
Property taxFrom listing: $12,000/yr$1,000
Minimum 20% ($397,800 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$397,800
Ontario land transfer taxProvincial brackets, no first-time refund$36,255
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$436,855
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Innisfil has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
