Rare opportunity to acquire a fully modernized, owner-occupied mixed-use hospitality asset with deep brand recognition, diversified income, and a reset capital lifecycle. Operating continuously since 1980, this long-standing neighbourhood institution functions as a multi-concept venue combining a destination sports bar, live music and entertainment, a chef-driven kitchen, off-site catering, and private events/buyouts—supported by a substantial residential rental component.
The property is anchored by an approximately 28,000 sq. ft. repurposed heritage building (over 100 years old) that has been extensively upgraded and modernized while preserving its character. The mixed-use profile includes 13 residential apartments, with 8 brand new fully rebuilt units and 5 updated units, all delivered completed prior to sale. This residential component adds meaningful diversification and stability, reducing reliance on food and beverage revenue alone.
The real estate is structured for simplicity and predictability under a single-tenant, true-net lease. The tenant is responsible for all operating costs, maintenance, and management, while the landlord receives fixed rent of $240,000 annually. This structure provides clean, hands-off income for an investor, while also offering an owner-operator the ability to capture additional upside through operations and residential revenue.
Significant capital reinvestment has been completed to remove near-term risk and reposition the asset for long-term durability. Recent improvements include a $600,000 commercial kitchen expansion completed in 2025, approximately $2,440,000 in residential demolition and rebuild work, and roughly $300,000 in fire rating and exiting upgrades. In total, $3,300,000+ has been invested since a 2024 appraisal, creating a turn-key, capital-reset property with modern infrastructure and life-safety compliance.
This offering is well suited for an owner-operator, hospitality group, or investor seeking stabilized mixed-use exposure with strong tax efficiency and minimal assumed liabilities. The business has historically delivered substantial owner benefit through a combination of rent, salary, cash distributions, and legitimate expense allocations, supported by multiple revenue streams including food and beverage, entertainment, catering, private events, and residential rentals. With a clean balance sheet at closing and major projects completed pre-sale, this is a compelling opportunity to acquire a modernized mixed-use asset with durable cash flow and long-term relevance.
Jennifer Boyle
Grassroots Realty Group