$800,000
For sale: Other

Rare Wolfe Island commercial/industrial opportunity featuring an approximately 10,000 SF building formerly utilized as a cheese production and beer/brewing facility. An exceptional feature of the property is its on-site natural spring water resources, offering intriguing potential for food and beverage production, bottling, brewing, agricultural processing or other water-intensive uses, subject to all required approvals.The property offers waterfront and is zoned Rural Industrial (M1), Rural (RU) and Wetland (WL), providing an established commercial/industrial setting with potential for a variety of future uses. Building permits may be obtainable subject to applicable municipal and agency requirements.The substantial existing building provides an excellent opportunity for an owner/user, investor or entrepreneur seeking a unique production facility in Eastern Ontario, with proximity to Kingston via the Wolfe Island ferry.Prospective purchasers should complete their own due diligence regarding permitted uses, water quantity/quality and approvals. Any change to a more sensitive land use will require an Environmental Site Assessment and Record of Site Condition. The property is adjacent to a Provincially Significant Wetland (PSW); additional development/redevelopment will likely require an Environmental Impact Study (EIS). The property is also within the influence area of a waste management facility; a change to a more sensitive use will require the applicable provincial "D Series" study.
Sold data
Homes in Wolfe Island took a median of 40 days to sell over the last 730 days, with the quickest quarter selling within 21 days and the slowest quarter taking more than 87, across 37 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 52 days.
The median sale price was $515,900.
Homes sold for about 7.2% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 19% of sellers reduced their price before finding a buyer.
Based on 37 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Currently for sale

$574,900
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$859,000
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$950,000
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