618 ST. LAWRENCE STREET, Merrickville-Wolford

$575,000

For sale: Other

Other at 618 ST. LAWRENCE STREET, Merrickville-Wolford
Property type
Sale Of Business
MLS®
MLS® X13629350
Neighbourhood
804 - Merrickville

Once-in-a-lifetime opportunity to own a complete, turn-key wedding & event business in the bustling village of Merrickville! Welcome to "The Knox", a pillar of the Merrickville community since opening its doors in 2020. Built in 1861, this property is steeped in history and charm, lovingly maintained and upgraded through the years. With 100's of 5-star reviews and 5,000+ followers across social media, this business boasts strong community goodwill and a proven track record of success. Approx. 2,200 sq ft total, including approx. 1,679 sq ft of connected, open-concept event space - the main hall and back room flow seamlessly together as one large, flexible space comfortably suited to seated events of approx. 90 guests, plus a full commercial kitchen, multiple washrooms, and storage. If a wedding venue isn't in your repertoire, the possibilities are endless, event space, café, yoga studio, photo studio, retail, artist studio, and more; the only limit is your imagination! Merrickville is a vibrant tourist town, 40 min to Ottawa West, that is home to many artisans and small business owners. Extensive recent upgrades include: 2020 new HVAC (furnace & A/C), on-demand hot water heater, all-new plumbing, toilets & vanities, light fixtures throughout, commercial oven/fridge/freezer, fresh paint throughout, and new deck off kitchen entrance; 2023 new laminate flooring throughout back rooms; 2024 lean-to added for outdoor storage. Full list of inclusions available upon request. Book your private viewing today and step into your new role as a business owner with unlimited potential!

Sold data

Homes in Merrickville-Wolford — recent sold market

Homes in Merrickville-Wolford took a median of 48 days to sell over the last 365 days, with the quickest quarter selling within 25 days and the slowest quarter taking more than 72, across 56 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 63 days.

The median sale price was $449,450.

Homes sold for about 4.8% below asking on average, so there was room to negotiate.

About 16% of sales closed above the list price.

Around 18% of sellers reduced their price before finding a buyer.

Median days to sell
49
Median sale price
$449,450
Sale-to-list ratio
95.2%
Sold above asking
16%

Based on 56 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 618 ST. LAWRENCE STREET