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Wednesday, August 12th, 2026

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$950,000
Available - For Sale
Listing ID: X13547898
An exceptional investment and business opportunity in the heart of the growing community of Powassan. This prominent 9,000 sq. ft. (including basement) mixed-use commercial building is ideally situated on a high-visibility corner at one of the town's main intersections, just minutes from Highway 11 and a short drive south of North Bay, making it a prime destination for both local residents and passing highway traffic. The approximately 3,000 sq. ft. main floor restaurant is fully equipped with a 13-foot commercial exhaust hood, a secondary hood dedicated to the pizza ovens, and seating licensed for 98 patrons. Currently operating just four days per week, the business offers tremendous opportunity for increased revenue through expanded hours, menu offerings, catering, or additional services. The second level features two self-contained 2-bedroom, 1-bathroom residential apartments, providing valuable supplemental rental income. One unit has been beautifully renovated, while the second offers the opportunity to complete renovations and further enhance the property's earning potential. The property also offers a full-height basement with two entrances, private on-site parking, a large storage and a patio area with the potential to expand the liquor licence and create an inviting outdoor dining experience. The building has benefited from significant recent capital improvements, including a new roof, extensive renovations, all-new leaseholds, updated systems, equipment throughout, and 200-amp electrical service, providing a truly turnkey opportunity for the next owner. Whether you're an owner-operator looking to build on an established and respected business or an investor seeking a quality mixed-use property with multiple income streams and future upside, this is a rare opportunity in one of Northeastern Ontario's growing communities.
Price $950,000
Taxes: $7,813
Tax Type: Annual
Occupancy by: Owner
Address: 500 Main Street , Powassan, P0H 1Z0, Parry Sound
Postal Code: P0H 1Z0
Province/State: Parry Sound
Legal Description: LT 4 BLK C PL 44; POWASSAN
Directions/Cross Streets: Main St and King St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Multi-Use
Use: Hospitality/Food Related
Building Percentage: T
Total Area: 6,000
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Area Influences: Major Highway   Recreation/Comm
Business/Building Name: Hummingbird Pizza
Financial Statement: F
Chattels: T
Franchise: F
Days Open: O
Hours Open: 3-8
Employees #: 2
Seats: 40
Maintenance: 0
Water Expense: $4926
Expenses Actual/Estimated: $Act
Sprinklers: No
Outside Storage: F
Rail: N
Crane: F
Soil Test: No
Bay Size Length Feet: 0
Grade Level Shipping Doors #: 0
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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Century 21 Blue Sky Region Realty Inc., Brokerage

500 Main Street , Powassan, P0H 1Z0, Parry Sound

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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At a Glance:
Type: Com - Commercial Retail
Area: Parry Sound
Municipality: Powassan
Neighbourhood: Powassan
Style:
Lot Size: x 132.00(Feet)
Approximate Age:
Tax: $7,813
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com