Listed for:Listed Jul 22, 2026
$294,500

3 Prospect Avenue

Cobalt, ON P0J 1C0

Store W Apt/Office For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 3 Prospect Avenue, Cobalt

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 3 Prospect Avenue, Cobalt

Summarized Description

  • Turnkey restaurant operation with loyal customer base
  • Fully equipped with updated machinery and decor
  • Includes 2-bedroom owner's apartment for live-work
  • Private parking available at the rear of the property
  • Located in historic downtown Cobalt
  • Monthly events attract large crowds
  • Experienced staff ready for seamless transition
  • Priced at asset value for great investment potential

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

Key Facts & Features

Property Costs

Annual Property Tax Amount
$6,621
Land Transfer Tax Fee
$2,893

Rental Items

Rental Equipment
Reliance 122.00 mtly furnace & air plan.

Interior Features

Security Features
No
Fireplace/Stove
No
Elevator
No

Building

Building Type
Store W Apt/Office
Approx Age
51-99

Lot

Lot Front
41.25 ft
Lot Depth
110.00 ft
Lot Shape
Irregular

Inclusions

Inclusions
See the list in the documents.

Exclusions

Exclusions
The contents of the owner's apartment do not form part of this sale.

Parking & Garages

Garage Type
None

Heating & Cooling

Heat Type
Electric Forced Air
Air Conditioning
Yes
Water
Municipal
Sewers
Sanitary

Municipality
Cobalt
Neighbourhood
Cobalt
Main cross streets
Silver
Zoning
C1
Directions
Right downtown on Hwy 11b

MLS® number
T13597924
Data source
Toronto Regional Real Estate Board
Listed on
2026-07-22
Updated on
2026-07-27
Days on market
86 days
Possession date
2026-08-31
Possession type
Flexible
Co-op commission
2.5%
Seller
Listed by
ROYAL LEPAGE BEST CHOICE REALTY

Home Market Value

Current home valuation for 3 Prospect Avenue, Cobalt, Cobalt, ON. Listed for $294,500

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 3 Prospect Avenue, Cobalt

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

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Cobalt, ON
Minimum Down Payment Required:5.0%

5% of purchase price for homes $500K or less

Minimum down payment

$14,725

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$11,191$8,217$7,009$0
=Total mortgage
$290,966$273,267$257,334$235,600
Amortization
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%
%
%
%
Payment frequency
=Mortgage payment
$1,421monthly$1,334monthly$1,256monthly$1,150monthly
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Land Transfer Tax

Provincial

$2,893

Total Land Transfer Tax

$2,893

Around this home

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St Patrick

Private·elementary·1.0km

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