13 Queen Street W, Springwater, ON L0L 1P0
$2,875,000
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 summary
Property
| Lot width | 68.5 |
| Lot depth | 165.53 |
Power & Services
| Heating type | Electric Forced Air |
| Utilities | Yes |
Residential
| Bathrooms | 5 |
Zoning & Taxes
| Taxes / yr | $3,719 |
| Tax year | 2025 |
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Data provided by TRREB. Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD..