72 James Street
Parry Sound, ON
Sale Of Business • 137 days on market
Exceptional Hospitality Investment in Downtown Parry Sound | Rare opportunity to acquire a well-established 22-room hotel and thriving sports bar (LLBO)/restaurant located on a prominent corner in the heart of downtown Parry Sound. Set on a 26,000+ sq ft property with approximately 20 parking spaces plus additional parking at the front and rear, this landmark property offers scale, visibility, and strong year-round tourism exposure. The restaurant and sports bar occupy roughly half of the building and feature over 300 seats on the main floor, 244 seats on the second floor, and a 50-seat outdoor patio. The professionally equipped kitchen includes a 12-ft exhaust hood, extensive commercial equipment, two walk-in coolers, and four washrooms, allowing for efficient high-volume operations. Owned and successfully operated by the current owner for approximately 10 years, the business benefits from a stable management team and consistent performance. Recently renovated interiors enhance the guest experience, with new branding/signage, upgraded audio/video systems, restaurant furnishings and HVAC system. Additional space on the second floor and lower level provides opportunities for expansion, events, or additional revenue streams. Positioned at one of Parry Sound's most visible downtown intersections, 72 James Street offers an outstanding opportunity to acquire a recognized hospitality destination in a growing Northern Ontario market. *Some images may be digitally enhanced, virtually staged, or artist renderings and are provided for illustrative purposes only. Actual property condition and features may differ.*
Listing Details
- Taxes (2025)
- $52,979
- Originally Listed
- $3,380,000
- Listed
- April 8, 2026
Price History
Property
- Lot Size
- 132.32 x 263.56 Feet
Location & Legal
- Cross Street
- Mary St & James St
- Zoning
- C1
- Parcel Number
- 521110014
- Possession
- Flexible
Commercial
- Business Type
- Hotel/Motel/Inn
- Occupancy
- Owner
Community
Postal area P2A
- Population
- 14,695
- Private dwellings
- 10,034
- Median age
- 54
- Average household size
- 2.2
- Median household income
- $73,500
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 Parry Sound · last 12 months
- Median sold price
- $472,500
- Homes sold
- 104
- Median days on market
- 38
- Sale-to-list price
- 94.1%
Based on 104 recorded sales of commercial properties in Parry Sound over the last 12 months.
Listed by
Engel & Volkers Parry Sound
Location
Commercial figures
- Annual property tax
- $52,979
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?