8 Asa Street, North Grenville, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of 801 - Kemptville. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,095,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 122.5 x 123 ft lot size
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Prime commercial restaurant building in the heart of historic downtown Kemptville. This 4,000 sq. ft. property was completely renovated just two years ago and purpose-built into a modern, high-performing restaurant facility. The renovation encompassed all major systems and finishes, resulting in a turnkey asset designed for efficiency, durability, and long-term operation.The building features a professionally designed commercial kitchen, spacious dining areas licensed for 104 seats, and a highly desirable 36-seat patio. The layout supports smooth workflow, high-volume service, and multiple service styles, making it adaptable for a wide range of restaurant or hospitality concepts. Currently, the building successfully accommodates two established restaurant brands operating from a single kitchen, clearly demonstrating the flexibility and earning potential of the space. Located in a rapidly growing community with a strong demand for quality dining, this property represents a rare opportunity to acquire a recently renovated restaurant building in a prime downtown setting.An ideal offering for owner-operators or investors seeking a proven, turnkey restaurant property with immediate income potential. Business included.
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Pricing & Value Insights
Data-driven valuation for 8 Asa Street, North Grenville, ON K0G 1J0
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About Purchasing a Home in North Grenville, ON
For a property listed at $2,095,000 in North Grenville, the legal minimum down payment is $419,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $38,850 for this transaction. As this listing is in North Grenville (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $38,850.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.