56 Yonge Street

Springwater, ON

3 bath
1,976 sqft
Commercial Retail
271 days on market

$685,000Price reduced 17%

Exceptional commercial opportunity located on the main strip of Elmvale, surrounded by established residential neighborhoods and steady local demand. This site offers prime visibility, constant foot traffic, and additional exposure from highway traffic flowing directly through town. The property sits in a high-growth corridor and is perfectly positioned for an operator looking to capitalize on an area known for its long-standing, loyal customer base. Situated among established national chains-including Tim Hortons and McDonald's-this location benefits from strong neighboring traffic and consistent consumer draw. With strong site lines and flexible commercial zoning, this location is ideal for a fast-casual concept, café, retail, or service-based business. The area's demographics, neighborhood stability, and year-round traffic make this a rare chance to secure a profitable, high-performing commercial asset in a sought-after community. Chattels are included in the sale (full list available upon request), and the property is equipped with a monitored alarm system with security cameras in place. PLEASE NOTE: Current business remains in full operation. Please do not approach staff or ownership regarding the sale. Property will be delivered vacant upon possession.

Listing Details

Taxes (2025): $4,657
Originally Listed: $825,000
Listed: December 3, 2025

Price History

Listing history

Property

Lot Size: 66 x 132 Feet

Parking

Garage: None

Location & Legal

Cross Street: Yonge St. S & Queen St
Zoning: CH
Parcel Number: 583790160
Possession: 60-89 days
Occupancy: Owner

Commercial

Business Type: Hospitality/Food Related

Community

Postal area L0L

Population: 42,022
Private dwellings: 19,252
Median age: 46.8
Average household size: 2.7
Median household income: $106,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Springwater · last 12 months

Median sold price: $880,000
Homes sold: 288
Median days on market: 30
Sale-to-list price: 96.2%

Based on 288 recorded sales of commercial properties in Springwater over the last 12 months.

Listed by

COLDWELL BANKER THE REAL ESTATE CENTRE

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Location

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Commercial figures

Building area: 1,976 sq ft
Price per sq ft: $346.66
Annual property tax: $4,657
Tax per sq ft: $2.36

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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