3 Prospect Avenue
Cobalt, ON
- 8,800 sqft
- Store W Apt/Office
- 57 days on market
An incredible opportunity awaits in the downtown core of Cobalt, the historic silver capital of the world. This massive commercial property offers over 8,000 sq. ft. of prime main-floor space, uniquely designed to feature a full-service restaurant on one side and a bustling pizza takeout operation on the other. Exceptionally well-supported by the loyal local community, the business is famous for its monthly "Fish Friday" event, which consistently draws a packed house. This is a true turnkey operation-the current owners are looking to retire and are offering the complete restaurant fully equipped with updated machinery and recently refreshed, modern decor. Best of all, the dedicated, experienced staff are willing to stay on, ensuring a seamless transition for the next owner. The building also includes an excellent lower-level owner's apartment featuring 2 bedrooms with plenty of other space and a private bathroom, providing the perfect live-work setup or an additional rental income stream. Private parking for the owners is conveniently located at the rear of the property. Priced at asset value, the asking price reflects the cost of the real estate alone-meaning you receive a fully operational, fully equipped restaurant business practically included. Don't miss out on this remarkable investment opportunity
Listing Details
- Taxes (2026)
- $6,621
- Listed
- July 22, 2026
Price History
Property
- Age
- 51-99
- Lot Size
- 41.25 x 110 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Silver
- Zoning
- C1
- Parcel Number
- 613860157
- Possession
- Flexible
- Occupancy
- Owner
Commercial
- Office / Apartment Area
- 1000 Sq Ft
Included
- Inclusions
- See the list in the documents.
- Exclusions
- The contents of the owner's apartment do not form part of this sale.
- Rental Items
- Reliance 122.00 mtly furnace & air plan.
Community
Postal area P0J
- Population
- 20,179
- Private dwellings
- 9,704
- Median age
- 47.6
- Average household size
- 2.3
- Median household income
- $72,500
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 Cobalt · last 12 months
- Median sold price
- $79,750
- Homes sold
- 30
- Median days on market
- 37
- Sale-to-list price
- 89.5%
Based on 30 recorded sales of commercial properties in Cobalt over the last 12 months.
Listed by
ROYAL LEPAGE BEST CHOICE REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 8,800 sq ft
- Price per sq ft
- $33.47
- Annual property tax
- $6,621
- Tax per sq ft
- $0.75
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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