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$2,875,000
Status: For Sale
BUILDING & BUSINESS FOR SALE! Exceptional opportunity to acquire The Palace Tavern, an established Elmvale business together with its approximately 4,700 sq. ft. mixed-use building. Ideally situated in the heart of this vibrant and growing community, the property offers multiple income streams with a fully equipped tavern, café space and three on-site residential apartments. The popular tavern is known for its welcoming atmosphere, live entertainment and signature Jam Nights, providing an excellent foundation for a new owner to continue and expand the operation. Ample on-site parking and an outdoor patio further enhance the property's year-round appeal. Whether you are an entrepreneur seeking a turnkey hospitality business or an investor looking for a versatile commercial and residential asset, this unique offering presents outstanding potential in a well-established community. A rare opportunity to own the real estate and business under one roof!
| Property Type | :Commercial |
|---|---|
| MLS Number | :S13794584 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :16 Sep, 2026 (49 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Simcoe |
|---|---|
| Postal Code | : L0L 1P0 |
| Price | : $2,875,000 |
|---|---|
| Property Taxes | :$3718.7 |
| Tax Year | :2025 |
|---|
| Air Conditioning | :Yes |
|---|---|
| Heating | :Electric Forced Air |
| Cross Street | :Yonge St N Queen Str W |
| Bathrooms | :5 |
|---|
16 Sep, 2026
TREB #S13794584
Listed
$2875000.0
