4-531 Highway, Bonfield

$939,700

For sale: Other

Other at 4-531 Highway, Bonfield
Property type
Other
MLS®
MLS® 2128037

Exceptional opportunity to own a well-established, turnkey business situated on approximately 3.5 acres of well-maintained, usable land in a high-traffic Northern Ontario location. This long-time family-operated property currently features seven motel rooms (one converted into a bakery, easily reverted), each equipped with two queen beds, mini-fridge, microwave, coffee maker, air conditioning, and private washroom. The main building includes a restaurant with two commercial kitchens, a full apartment above, and a partially finished basement offering additional storage or recreational space. Outdoor highlights include ample parking, two pickup windows, an ice cream station, and both indoor and outdoor seasonal seating areas. Surrounded by lakes, snowmobile, ATV, and hiking trails, this property draws year-round visitors and offers excellent potential for expansion or diversified business use. A rare chance to invest, live, and work in the heart of beautiful Northern Ontario. There is an extra 2.5 Acres abutting the property available on purchase.

Sold data

Homes in Bonfield — recent sold market

Homes in Bonfield took a median of 28 days to sell over the last 365 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 84, across 41 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 51 days.

The median sale price was $399,900.

Homes sold for about 3.3% below asking on average, so there was room to negotiate.

About 12% of sales closed above the list price.

Around 24% of sellers reduced their price before finding a buyer.

Median days to sell
28
Median sale price
$399,900
Sale-to-list ratio
96.7%
Sold above asking
12%

Based on 41 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 4-531 Highway