624 BERFORD STREET, South Bruce Peninsula

$5,500,000

For sale: Other

Other at 624 BERFORD STREET, South Bruce Peninsula
Property type
Investment
MLS®
MLS® X13411334
Neighbourhood
South Bruce Peninsula

(additional) 42 ft x 207 ft parking lot included in the sale. Large VTB financing with favorable terms available , financially stable operators. iconic 15,000+ sq ft turnkey landmark in downtown Wiarton (Bruce Peninsula gateway) sits 3 minutes from Georgian Bay and includes a separate deeded lot for parking/redevelopment. Features multiple revenue streams: 12 hotel rooms, 4 apartments, 3 Main Street storefronts, a banquet hall, and a massive 250-seat restaurant with 2 bars. High-traffic tourist location with heavy value-add potential; master lease with option to purchase also considered. Check out virtual tour link with full Youtube video and in depth walk through.

Sold data

Homes in South Bruce Peninsula — recent sold market

Homes in South Bruce Peninsula took a median of 36 days to sell over the last 90 days, with the quickest quarter selling within 21 days and the slowest quarter taking more than 90, across 63 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 95 days.

The median sale price was $549,000.

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

About 16% of sales closed above the list price.

Around 24% of sellers reduced their price before finding a buyer.

Median days to sell
36
Median sale price
$549,000
Sale-to-list ratio
95.4%
Sold above asking
16%

Based on 63 recorded sales in the last 90 days — 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 624 BERFORD STREET