51 Peninsula RD, Marathon

$639,900

For sale: Other

Other at 51 Peninsula RD, Marathon
Property type
Retail
MLS®
MLS® TB2600750
Neighbourhood
Marathon

51 Peninsula presents a rare and versatile investment opportunity, perfectly positioned on the main thoroughfare into town for maximum visibility and accessibility. The main level offers a fully functional, move-in-ready commercial setup. A welcoming front lobby leads to eight private office rooms, ideal for a variety of professional or service-based businesses. This level also features a convenient breakroom with a sink, a 3-piece bathroom, and an additional 2-piece bathroom. Enhancing the property’s versatility is the attached 34' x 18' garage, offering ample space for parking, workshop use, or additional storage. Complementing this is a generous 19' x 17' bonus room that opens the door to endless possibilities—whether you envision a studio, meeting space, or further business expansion, this adaptable space can easily be tailored to fit your vision. The upper level provides a welcoming residential retreat, thoughtfully laid out for comfort and functionality. Here, you’ll find three spacious bedrooms, a 3-piece bathroom, and a dedicated laundry area for added convenience. A standout feature is the large sunroom, flooded with natural light—perfect for a peaceful workspace or storage. The open-concept kitchen, dining, and living area forms the heart of the home, offering a cozy yet airy environment enriched by warm wood accents. This unique property is ideally suited for entrepreneurs, investors, or those seeking a seamless live-work arrangement. With its prominent location and flexible layout, it presents an outstanding opportunity to maximize both lifestyle and income potential.

Sold data

Homes in Marathon — recent sold market

Homes in Marathon took a median of 48 days to sell over the last 365 days, with the quickest quarter selling within 28 days and the slowest quarter taking more than 109, across 50 recorded sales.

The median sale price was $194,450.

Homes sold for about 3.9% 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
49
Median sale price
$194,450
Sale-to-list ratio
96.1%
Sold above asking
12%

Based on 50 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 Marathon

Marathon has 3 Fraser Institute–rated schools (2 elementary and 1 secondary), averaging 2.7/10.

Rated schools
3
Elementary
2
Secondary
1
Average rating
2.7 / 10

Top-rated schools in Marathon

  • Margaret TwomeyelementaryFraser rating 4.6/10
  • MarathonsecondaryFraser rating 3.5/10
  • Holy SaviourelementaryFraser rating 0.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 51 Peninsula RD