$ 294,500

3 Prospect Avenue, Cobalt

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 (id:1945)
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Property details for 3 Prospect Avenue, Cobalt

Type
Commercial
Living Area
8,800 square feet
Lot Size
41.25 x 110 FT
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Annual Taxes
$6,621 (2026)

Nearby Listings Stat

Estimated price and comparable properties near 3 Prospect Avenue

Active Listings
11
Min Price
$5,400
Max Price
$999,999
Avg Price
$240,700
Days on Market
81
days
Sold Listings
3
Min Sold Price
$139,000
Max Sold Price
$199,500
Avg Sold Price
$162,800
Days until Sold
42
days

Neighbourhood Census Data

Cobalt, Ontario

Population
635
Median Age
47.7
Median Income
$22,208
Dwelling Value
$115,008

Housing Tenure

Owners 67%
Renters 33%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.1
Pop. Density: 411.5/km²
Avg Shelter Cost: $784/mo
Owners with Mortgage: 42.5%
Owners Spending 30%+: 27.5%
Tenants Spending 30%+: 50%
English only: 71.4%
French only: 1.6%
English and French: 27%
Median Household Income: $41,216
Median Employment Income: $20,096

Price History

Listed
July 23, 2026
by ROYAL LEPAGE BEST CHOICE REALTY
Current Price
$294,500
Type
Commercial
For Sale
3 Prospect Avenue

Contact Agent Get in touch about 3 Prospect Avenue, Cobalt

Suzanne Othmer
Suzanne Othmer
ROYAL LEPAGE BEST CHOICE REALTY

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