28 COLBORNE STREET, Rideau Lakes

$649,900

For sale: Other

Other at 28 COLBORNE STREET, Rideau Lakes
Property type
Sale Of Business
MLS®
MLS® X13234096
Neighbourhood
818 - Rideau Lakes (Bastard) Twp

In popular tourist destination of Portland Village on the shores of Big Rideau Lake, large grocery store with 10,500 sq ft and exposure on three roads. The store has high visibility and signage on busy Hwy 15 that is major traffic route. Of the store's 10,500 sq ft, approx 4,500 sq ft is the grocery section. Plus, you also have deli, bakery, offices, loading dock and basement storage areas. Fully equipped with all that you need to operate a one-stop shop including expansive prep areas and lotto sales. Equipment included. Opportunity to improve profits with modernizing and increasing sales of local crafts, specialties and gourmet items. Electrical panels 1000 amps. Plenty of street parking available. Zoning is Local Commercial which permits many uses. The store is located on half an acre, room to grow your own produce. A gem with immense business potential, especially since nearest grocery store competitor is 15 min drive away. And, busy area with visitors coming to town to enjoy Big Rideau Lake attractions such as swimming beaches, boat launches, houseboat rentals.

Sold data

Homes in Rideau Lakes Bastard Twp — recent sold market

Homes in Rideau Lakes Bastard Twp took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 100, across 40 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 78 days.

The median sale price was $402,652.

Homes sold for about 4.6% below asking on average, so there was room to negotiate.

About 10% of sales closed above the list price.

Around 22% of sellers reduced their price before finding a buyer.

Median days to sell
41
Median sale price
$402,652
Sale-to-list ratio
95.4%
Sold above asking
10%

Based on 40 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 28 COLBORNE STREET