5554 HIGHWAY 38, Frontenac (Frontenac South)

$1,299,900

For sale: Other

Other at 5554 HIGHWAY 38, Frontenac (Frontenac South)
Property type
Sale Of Business
MLS®
MLS® X13649708
Neighbourhood
47 - Frontenac South

Exceptional multi-stream investment opportunity on a 2-acre commercially zoned property offering 3 established income sources (Car Wash/Vacuum, Storage Units, Solar Panels) with consistent year-over-year growth, strong profit margins, and significant expansion potential. Car Wash - 4 self-serve bays (2 optional drive-thru), including one oversized bay for RVs, buses, and commercial vehicles. Coin and tap-to-pay debit operated. 20-year proven track record with a recession-proof, pandemic-proof cash business model and no franchise fees. Storage Units - 14 fully rented units (2 x 10'10', 12 x10'20') with a waiting list year after year and substantial room to grow. Current storage rates are significantly below market comparables; representing an immediate value-add opportunity for a new owner. Solar: 10kW rooftop solar system currently under contract with Hydro One, with remaining term providing passive income for approximately 3 more years. Upon contract expiry, generation can be redirected to offset car wash operating costs. Everything can be remotely managed with minimal upkeep, little to no staff, 24/7 service and access.

Sold data

Homes in Frontenac (Frontenac South) — recent sold market

Homes in Frontenac (Frontenac South) took a median of 32 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 65, across 142 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.

The median sale price was $567,450.

Homes sold for about 3.6% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 27% of sellers reduced their price before finding a buyer.

Median days to sell
32
Median sale price
$567,450
Sale-to-list ratio
96.4%
Sold above asking
8%

Based on 142 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 5554 HIGHWAY 38