5480 OLD SCUGOG ROAD, Clarington

$1,750,000

For sale: Other

Other at 5480 OLD SCUGOG ROAD, Clarington
Property type
Sale Of Business
MLS®
MLS® E13006318
Neighbourhood
Rural Clarington

SALE: BUSINESS WITH PROPERTY - 5480 Old Scugog Road, An exceptional opportunity to acquire a profitable business and prime real estate at 5480 Old Scugog Road. This property features a fully operational general store with an LCBO license, allowing for alcohol sales alongside groceries and convenience items. The store has established a loyal customer base and operates in a high-traffic area, ensuring excellent visibility and steady foot traffic. Additionally, the property includes two residential rental units, offering reliable rental income and providing a stable, dual-revenue stream for the new owner. In addition to liquor sales, the store offers essential goods, catering to both local residents and passing customers. The business has a proven track record of profitability, making it a solid investment.The two residential rental units are, providing comfortable living spaces for tenants or owner to occupy one unit. These units offer great income potential, making the property even more attractive for investors or anyone looking to generate passive income while running a business. This offering is ideal for those seeking a turnkey investment with both commercial and residential components. Whether you're an investor looking to expand your portfolio or an entrepreneur seeking a business with built-in income, this property provides multiple revenue streams, growth potential, and long-term value. LOT SIZE 170.38 ft x 23.78 ft x 22.74 ft x 161.30 ft x 94.20 ft x 124.17 ft as per GEO.

Sold data

Homes in Rural Clarington — recent sold market

Homes in Rural Clarington took a median of 22 days to sell over the last 365 days, with the quickest quarter selling within 10 days and the slowest quarter taking more than 47, across 113 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.

The median sale price was $999,000.

Homes sold for about 3.8% below asking on average, so there was room to negotiate.

About 18% of sales closed above the list price.

Around 12% of sellers reduced their price before finding a buyer.

Median days to sell
22
Median sale price
$999,000
Sale-to-list ratio
96.2%
Sold above asking
18%

Based on 113 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 5480 OLD SCUGOG ROAD