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.