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$294,500

Map

3 Prospect Avenue

Cobalt, Ontario P0J1C0

For sale· Added

8,800 sqft

About this property

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

Location

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Property details

Listing

MLS® number
T13597924
Added
Jul 23, 2026 ()
Updated
Sep 25, 2026 ()
Info refreshed

Overview

Property type
Retail
Building type
Residential Commercial Mix

Inside

Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Fireplace
No
Features
Irregular lot size

Land

Lot size
41.25 x 110 ft
Zoning
C1

Services

Water
Municipal water
Sewer
Sanitary sewer

Location

Cross streets
Silver
Directions
Right downtown on Hwy 11b.

Running costs

Annual property tax (2026)
$6,621

Ask about this property

$294,500
3 Prospect Avenue
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