4244 HIGHWAY 520, Magnetawan
$1,795,000
For sale: Other
- Property type
- Sale Of Business
- MLS®
- MLS® X13668352
- Neighbourhood
- Magnetawan
Rare opportunity to own a convenience store business and one of a kind Restaurant with real property in Magnetawan, ON. The Convenience Store currently holds a license permitting liquor sales, providing an additional revenue opportunity and further diversifying the business. Situated on a corner lot with ample parking, just 45 minutes from Parry Sound and Huntsville. The Property's location on HWY 520 surrounding local community as well as cottage and tourist market. Plenty of room to grow business, with potential to add Beer/wine in Convenience Store, Vape store and more. First floor has 4 bed 1 bath and 3 bed 2 bath units. Second floor has 7 bedroom 1 bathroom which can be used for Airbnb/Vrbo. A true turn-key operation, perfect for a hands-on family ownership model or Investor.
Sold data
Homes in Magnetawan — recent sold market
Homes in Magnetawan took a median of 45 days to sell over the last 365 days, with the quickest quarter selling within 21 days and the slowest quarter taking more than 89, across 44 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 92 days.
The median sale price was $424,450.
Homes sold for about 4.8% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 27% of sellers reduced their price before finding a buyer.
- Median days to sell
- 45
- Median sale price
- $424,450
- Sale-to-list ratio
- 95.2%
- Sold above asking
- 9%
Based on 44 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.
Schools
Schools in Magnetawan
Magnetawan has 1 Fraser Institute–rated school (1 elementary).
- Rated schools
- 1
- Elementary
- 1
Top-rated schools in Magnetawan
- Magnetawan Central PS — elementaryFraser rating 4.2/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
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$1,999,999
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