Salehian.com 647-325-5000

13 Queen Street W

Elmvale, Springwater, L0L 1P0

$2,875,000

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  • 5 bathrooms

Listed 33 days ago · MLS® S13794584

About this home

BUILDING & BUSINESS FOR SALE! Exceptional opportunity to acquire The Palace Tavern, an established Elmvale business together with its approximately 4,700 sq. ft. mixed-use building. Ideally situated in the heart of this vibrant and growing community, the property offers multiple income streams with a fully equipped tavern, café space and three on-site residential apartments. The popular tavern is known for its welcoming atmosphere, live entertainment and signature Jam Nights, providing an excellent foundation for a new owner to continue and expand the operation. Ample on-site parking and an outdoor patio further enhance the property's year-round appeal. Whether you are an entrepreneur seeking a turnkey hospitality business or an investor looking for a versatile commercial and residential asset, this unique offering presents outstanding potential in a well-established community. A rare opportunity to own the real estate and business under one roof!

Details

Type
Sale Of Business
Lot
68.5 × 165.53 ft
Garage
None
Property tax
$3,719 (2025)
Neighbourhood
Elmvale
Municipality
Springwater

Interior

Bathrooms
5 × bathroom

Heating, cooling and services

Heating
Electric Forced Air
Air conditioning
Yes
Utilities
Yes

More

Possession
Flexible
Cross street
Yonge St N Queen Str W
Business type
Bar/Tavern/Pub

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 2 cafés and restaurants, 3 parks, 2 pharmacies. Nearest grocery: Foodland (150 m). Nearest park: Bishop Park (650 m).

Schools nearby

Elementary

  • Huronia Centennial Public School
    EQAO: Gr 6 reading 74%, math 23%    6 min walk
  • Our Lady of Lourdes Catholic School Catholic
    EQAO: Gr 6 reading 95%, math 37%    8 min walk

Secondary

  • Elmvale District High School
    EQAO: Gr 9 math 52%, literacy test 83%    8 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L0L

Owners / renters
89% / 11%
Median household income
$106,000
Average age
44
Children under 15
15%
Homes
95% detached, 0% high-rise
Commute by transit
0%
Population
42,022

Languages spoken most at home besides English: Russian 0.6%, Spanish 0.3%, Polish 0.3%, Portuguese 0.3%.

Safety

Crime Severity Index for Huronia West (Springwater) (OPP): 23 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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