358 HWY 11/17, Nipigon

$899,000

For sale: Other

Other at 358 HWY 11/17, Nipigon
Property type
Sale Of Business
Bedrooms / bathrooms
4 bathrooms
MLS®
MLS® X13672608

A fantastic opportunity for an entrepreneur ready to take an established business to the next level! This 56.8-acre property along the Trans-Canada Highway and Stillwater Creek includes the land, buildings and business, featuring a beautifully built 2014 restaurant of approximately 2,600 sq. ft. with seating for 55, top-of-the-line commercial equipment, pizza oven, separate retail area and men’s & women’s washrooms, propane heating & air conditioning. The current owner has worked hard to establish an excellent reputation for great food and has built a loyal local clientele, giving the next owner a strong foundation to build upon. The property also includes a separate owner’s residence, several sheds and a campground with just under 40 sites, including 18 powered sites, RV sites with power and water hookups and 6 recently upgraded sites and a shower house. The campground is currently closed, offering an exciting opportunity to reopen, expand and develop the campground into an even stronger revenue stream. Children’s playground area, drilled well, dry hydrant and numerous yard improvements are already in place. Located in beautiful Nipigon, approximately one hour east of Thunder Bay and surrounded by incredible fishing, hunting, boating, camping and outdoor recreation. The restaurant reputation is already established - now bring your vision to grow the campground and take this unique business opportunity to the next level! Visit www.century21superior.com for more info & pics.

Sold data

Homes in Nipigon — recent sold market

Homes in Nipigon took a median of 40 days to sell over the last 730 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 91, across 38 recorded sales.

The median sale price was $178,500.

Homes sold for about 6.5% below asking on average, so there was room to negotiate.

About 13% of sales closed above the list price.

Around 11% of sellers reduced their price before finding a buyer.

Median days to sell
40
Median sale price
$178,500
Sale-to-list ratio
93.5%
Sold above asking
13%

Based on 38 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Nipigon

Nipigon has 1 Fraser Institute–rated school (1 elementary).

Rated schools
1
Elementary
1

Top-rated schools in Nipigon

  • St Edward S — elementaryFraser rating 4.0/10

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

Currently for sale

Homes for sale near 358 HWY 11/17