197 SHERMAN AVENUE N

House
2
3
1500
2
$599,000
For sale
296 DOM

Amazing opportunity ! Fully detached all brick building operating as a sports club / bar with a two bedroom rental apartment on the upper level. Premium 20' X 158' pie - shaped lot ( 40' rear ) located in the up and coming " Gibson Community ". This is a fully operational " Sports Club" with a 64 person capacity and is being sold with the " Liquor Sales Licence " ( see attached ). The new owner is responsible to transfer the licence to his / her name. The building is solid but needs cosmetic updating on all three levels, large rear yard with multiple storage buildings and a detached all brick garage fronting onto the rear laneway. All fixtures and chattels are included " as-is ", no financials are available for the Sports Club and there is no guarantee that the Alcohol and Gaming Commission will accept the new applicant. This is a perfect opportunity for the new owner to live / work in the same location and create equity by improving the existing building / property. Second floor apartment has a side entrance as well as a rear stairwell. Hot water gas heat, gas hot water tank ( rental ). Sale price includes the building and operating business. (id:50762)

Property Details
Property Type
Single Family
Building Type
House
Ownership
Condominium / Strata
Community
Gibson
Storeys
2
Construction Year
-
Parking Type
Detached Garage, Garage, Street
MLS ID
X12271230
Listing Date
08/07/2025
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Geoffrey Chih Piao Li

When it Comes to Your Real Estates Needs, You Are Always No.1 - Licensed to Serve Your Real Estate Needs Since 1988- Experience, Results, Negotiations, Creative Financing Skills, and Customer/Client Service Satisfaction:Geoffrey Li has them all.- Member of Toronto Real Estate Board since 1988- Member of Real Estate Council of Ontario- Member of Ontario Real Estate Association Member of Canadian Real Estate Association- Specialty: Resale and Pre-constructions Residential, Apartment Buildings, Commercial & Businesses, and investment real estates. Sale of Homes, Condominium Apartments & Town homes. Assignment sales.

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