39 Arthur Street, Woolwich, ON N3B 2M4
Welcome to 39 Arthur Street, a rare opportunity to acquire a well-established mixed-use property in the heart of beautiful downtown Elmira. Positioned on a prominent corner lot in one of the community's most recognizable commercial corridors, this property offers an exceptional combination of restaurant, residential, and investment potential. The main floor features a meticulously maintained restaurant that has successfully operated for over 20 years, serving generations of loyal customers. The space is equipped with a full commercial kitchen, including a large exhaust hood, ample prep areas, storage space, and infrastructure suitable for a wide variety of restaurant concepts. The restaurant also benefits from a valuable liquor licence for up to 90 seats, providing excellent flexibility for dine-in service and future growth. Enhancing the operational footprint, a portion of the restaurant is leased from the neighbouring property for just $1,700 per month plus HST, allowing for additional dining and functional space. Above the restaurant sits a spacious 3-bedroom apartment, creating an ideal opportunity for owner occupancy, employee accommodation, or supplemental rental income. The combination of residential and commercial uses makes this property an attractive option for investors seeking multiple revenue streams as well as owner-operators looking to live and work in the same location. Whether you're an experienced restaurateur, entrepreneur, or investor, 39 Arthur Street presents a turnkey opportunity to acquire a landmark downtown property with a proven operating history, strong community presence, and significant upside potential in one of Waterloo Region's most desirable small-town markets.
- MLS number
- X13414854
- Type
- Commercial Retail
- Status
- Active
- Bedrooms
- —
- Bathrooms
- —
- Postal code
- N3B 2M4
- Photos
- 43
- Property tax
- $2,168 / year
This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Commercial Retail
- Class
- Commercial
- Municipality
- Woolwich
- Cross street
- Arthur St & Church St
- Zoning
- C-1
Parking
- Garage
- Outside/Surface
- Driveway spaces
- 4
Land
- Lot
- 17.5 × 83.5 feet
Heating, cooling and services
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
- Water
- Municipal
Listing
- MLS number
- X13414854
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-06-08
- Expires
- 2026-12-08
- Taxes
- $2,168 (2026)
- Board
- Toronto Regional Real Estate Board
Listing history
No previous listings found for this address.
Where this home is
Where this address sits, matched against open government data.
Matched to this street. The listing did not say which direction, and every candidate was in the same place.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Riverside Public School Waterloo Region DSB | Elementary | 237 m | / 10 75% met the standard |
| Elmira District Secondary School Waterloo Region DSB | Secondary | 931 m | / 10 75% met the standard · 2 of 6 measures |
| John Mahood Public School Waterloo Region DSB | Elementary | 1.1 km | / 10 63% met the standard |
| St Teresa of Avila Catholic Elementary School Waterloo CDSB | Elementary | 1.5 km | / 10 73% met the standard |
| Park Manor Public School Waterloo Region DSB | Elementary | 1.9 km | Not reported |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 681 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35300008 — the few blocks around this address, home to 681 people. It describes the area, not this property.
Percentages are of the 330 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.