39 Arthur St

About this Property

Welcome to 39 Arthur Street, a rare mixed-use investment opportunity in the heart of downtown Elmira. Positioned on a prominent corner lot along one of the community's most recognizable commercial corridors, this well-maintained property offers multiple potential revenue streams through its commercial and residential components.The main floor features an established restaurant space that has operated successfully for over 20 years and includes a full commercial kitchen, large exhaust hood, ample preparation and storage areas, and a liquor licence for up to 90 seats. A portion of the restaurant's operational footprint is leased from the neighbouring property for $1,700 per month plus HST, providing valuable additional dining and functional space.The upper level contains a spacious three-bedroom apartment, offering further rental-income potential. With its proven commercial history, residential component, prominent downtown location, and long-term upside, 39 Arthur Street represents an attractive opportunity for investors seeking a versatile mixed-use asset in a desirable Waterloo Region community.

Listing Details

MLS #

X13807942

Board

PROPTX

Market

ontario

Property Type

Commercial/Retail

Style

Retail

Garage

Outside/Surface

Parking Spaces

4

Basement

Y

Heating

Gas Forced Air Closd

Cooling

Y

Lot Size

17.5 × 83.5 ft

Annual Taxes

$2,168/yr

Listed By

ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Listed On

September 21, 2026