239 STATION ROAD, Marmora and Lake (Marmora Ward)

$999,990

For sale: Other

Other at 239 STATION ROAD, Marmora and Lake (Marmora Ward)
Property type
Commercial Retail
MLS®
MLS® X13437344
Neighbourhood
Marmora Ward

INCREDIBLE INVESTMENT OPPORTUNITY! FAMOUS RESTAURANT, BAR, 3-BEDROOM HOME & 37+ ACRES! DON'T MISS OUT ON THIS LEGENDARY LANDMARK BUSINESS AND PROPERTY SPREAD ACROSS MORE THAN 37 BEAUTIFUL ACRES WITH RC4 ZONING!!!!! HISTORICALLY KNOWN AND LOVED AS A POPULAR PINBALL HOBBY LAND, THIS PROPERTY IS PACKED WITH UNIQUE CHARACTER. SAVE HUGE START-UP COSTS AND AVOID CONSTRUCTION DELAYS-EVERYTHING IS BEING SOLD AS IS CONDITION AND READY TO GO. THE RESTAURANT FEATURES A LARGE COMMERCIAL KITCHEN FULLY EQUIPPED WITH A HEAVY-DUTY EXHAUST HOOD, A WALK-IN COOLER, A WALK-IN FRIDGE, AND A PROFESSIONAL COMMERCIAL DISHWASHER. THE MASSIVE KITCHEN SETUP ALLOWS YOU TO COMFORTABLY RUN THE MAIN RESTAURANT BUSINESS WHILE SIMULTANEOUSLY OPERATING A LARGE-SCALE CATERING COMPONENT, PERFECT FOR PREPARING AND DISTRIBUTING FOOD TO OUTSIDE LOCATIONS AND SMALLER RECEPTION SITES. GUESTS CAN ENJOY THE NICELY UPGRADED INTERIOR BAR AND LOUNGE, OR RELAX ON THE HUGE OUTDOOR DINING PATIO. THIS PLACE IS ALSO A FAMOUS TERMINAL FOR WINTER SNOWMOBILERS, BRINGING IN GREAT YEAR-ROUND TRAFFIC WITH UPGRADED PUBLIC WASHROOMS AND SHOWER FACILITIES. PERFECT FOR AN OWNER-OPERATOR LOOKING TO LIVE AND WORK IN ONE PLACE, THE PROPERTY INCLUDES A SPACIOUS, ATTACHED 3-BEDROOM, 3-WASHROOM HOME WITH ITS OWN PRIVATE KITCHEN AND GARAGE. THERE IS ALSO A SECOND FREESTANDING BUILDING ON THE LAND-IT NEEDS SOME WORK DONE, BUT IT IS A PERFECT BLANK CANVAS FOR A SECOND WORKSHOP, STORE, OR CRAFT BREWERY. OWN A FAMOUS LOCAL DESTINATION WITH ENDLESS LAND POTENTIAL AND MULTIPLE INCOME STREAMS. DON'T LOSE THIS AMAZING OPPORTUNITY.

Sold data

Homes in Marmora and Lake (Marmora Ward) — recent sold market

Homes in Marmora and Lake (Marmora Ward) took a median of 36 days to sell over the last 365 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 73, across 70 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.

The median sale price was $429,450.

Homes sold for about 4.1% below asking on average, so there was room to negotiate.

About 11% of sales closed above the list price.

Around 26% of sellers reduced their price before finding a buyer.

Median days to sell
37
Median sale price
$429,450
Sale-to-list ratio
95.9%
Sold above asking
11%

Based on 70 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.

Currently for sale

Homes for sale near 239 STATION ROAD