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MLS® X12973712
Parry Sound, ON
Exceptional Hospitality Investment in Downtown Parry Sound | Rare opportunity to acquire a well-established 22-room hotel and thriving sports bar (LLBO)/restaurant located on a prominent corner in the heart of downtown Parry Sound. Set on a 26,000+ sq ft property with approximately 20 parking spaces plus additional parking at the front and rear, this landmark property offers scale, visibility, and strong year-round tourism exposure. The restaurant and sports bar occupy roughly half of the building and feature over 300 seats on the main floor, 244 seats on the second floor, and a 50-seat outdoor patio. The professionally equipped kitchen includes a 12-ft exhaust hood, extensive commercial equipment, two walk-in coolers, and four washrooms, allowing for efficient high-volume operations. Owned and successfully operated by the current owner for approximately 10 years, the business benefits from a stable management team and consistent performance. Recently renovated interiors enhance the guest experience, with new branding/signage, upgraded audio/video systems, restaurant furnishings and HVAC system. Additional space on the second floor and lower level provides opportunities for expansion, events, or additional revenue streams. Positioned at one of Parry Sound's most visible downtown intersections, 72 James Street offers an outstanding opportunity to acquire a recognized hospitality destination in a growing Northern Ontario market. *Some images may be digitally enhanced, virtually staged, or artist renderings and are provided for illustrative purposes only. Actual property condition and features may differ.*
Broker
Engel & Volkers Parry Sound
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Sale Of Business
72 James Street Parry Sound
Parry Sound
Type
Sale Of Business
Parking
None
Property Tax
~$52,979/yr
Heating
Gas Hot Water
Buying Essentials
Parking
None
Finances
List Price
$2,950,000
Property Tax
~$52,979/yr
Property Specs
Property Type
Sale Of Business
Living & Amenities
Heating Type
Gas Hot Water
Policies & Utilities
Neighbourhood
Parry Sound
Listed On
Apr 8, 2026
Days on Market
Current: 213 days
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