72 James Street, Parry Sound, ON P2A 1T5, 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.*
Property Highlights
For Sale
MLS NO.
X12973712
Type
Commercial
Sub Type
Sale Of Business
Complete Property Details
Property Type
Commercial
Sub Type
Sale Of Business
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12973712
Lot Width
132.32
Lot Size
0.6
Lot Size Units
Acres
Garage Type
None
Cooling
Yes
Heat Type
Gas Hot Water
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
72 James Street, Parry Sound, ON P2A 1T5
City
Parry Sound
Neighbourhood
Parry Sound
County / Region
Parry Sound
Province / State
ON
Postal Code
P2A 1T5
Cross Street
Mary St & James St
Directions
Hwy 400 North to Bowes Street. Bowes to James, turn right.
Country
CA
List Price
$3,380,000
Annual Taxes
$52,979
Tax Year
2025
Legal Description
LT 9 E/S GIBSON ST & N/S SEGUIN ST PL 2; LT 9 W/S JAMES ST & N/S SEGUIN ST PL 2; PT LT 10 W/S JAMES ST & N/S SEGUIN ST PL 2; PT LT 10 E/S GIBSON ST & N/S SEGUIN ST PL 2 PT 1 42R10506; PARRY SOUND
Possession Type
Flexible
Listing Office
Engel & Volkers Parry Sound
Board
One Point Association of REALTORS
Original Entry
2026-04-08T21:26:31Z
Media Updated
2026-04-08T21:33:03Z
Photos Updated
2026-04-08T21:33:03Z
Last Modified
2026-04-21T22:52:36Z
System Modified
2026-04-21T22:52:36.876141Z
MLS Status
New
Basement Yn
Yes
Ddfyn
Yes
Expiration Date
2026-11-30
Heat Type Multi
Gas Hot Water
Hstapplication
In Addition To
Occupant Type
Owner
Originating System Id
A00001796
Parcel Number
521110014
Public Remarks
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.*
