105 James St 3,500 SF Retail Building Parry Sound, ON P2A 1T7 $1,242,822 USD ($355.09 USD/SF)

An exceptional fine-dining family restaurant opportunity located in picturesque Parry Sound, widely regarded as the jewel of Georgian Bay. The restaurant occupies a prime location on the town’s main thoroughfare and busiest street, just a short five-minute walk from the waterfront, ensuring excellent visibility and steady foot traffic.
The current owners acquired the business in 2019 and have completed extensive renovations, including new patios, leasehold improvements, building additions, and upgraded equipment. The restaurant is licensed for 149 indoor seats, with two outdoor patios seating 40 guests each, offering strong capacity during peak seasons. The space is well designed and fully equipped, featuring four washrooms, three walk-in refrigerators, and two commercial exhaust hoods measuring 10 feet and 6 feet respectively. Additional highlights include rear parking for 10 vehicles and a full basement in excellent condition, providing valuable storage and operational flexibility. The business generates excellent sales and strong profits, in addition to owner salaries, and continues to grow year over year. This is a rare opportunity to own both the business and the building—eliminating rent and allowing the owner to act as their own landlord in a high-demand market known for exceptional summer sales. Since taking ownership in 2021, the owners have continued to invest heavily in the property, completing major renovations throughout the building. This includes a completely rebuilt commercial kitchen featuring a combined 16 feet of exhaust hood, three walk-in coolers, and a substantial amount of new, high-quality equipment. This is a true turnkey opportunity—your dream restaurant is ready for operation. Full zoning and permitted-use documentation is available upon request. The property offers rear parking for 10 vehicles and is ideally situated in downtown Parry Sound, just minutes from the waterfront. There is also potential for additional structures and future rezoning, providing upside for long-term development or expansion.
Parry Sound is the premier tourist destination in the region, attracting visitors year-round and home to notable attractions such as the Island Queen Cruise, Bobby Orr Hall of Fame, Georgian Bay Airways, Trestle Brewing Company, and more—making this an outstanding location for hospitality and investment alike.