1548 ST. CLAIR PARKWAY, St. Clair

$149,900

For sale: Other

Other at 1548 ST. CLAIR PARKWAY, St. Clair
Property type
Sale Of Business
MLS®
MLS® X13668290
Neighbourhood
St. Clair

WATERFRONT RESTAURANT BUSINESS FOR SALE! CALLING ALL INVESTORS & ENTREPRENEURS!! EXCELLENT OPPORTUNITY TO ACQUIRE A WELL ESTABLISHED THRIVING RIVERVIEW RESTAURANT IN A HIGH EXPOSURE LOCATION OVERLOOKING THE SCENIC ST. CLAIR RIVER IN COURTRIGHT, ONT. KNOWN AS THE "ST. CLAIR RIVERVIEW RESTAURANT". THIS FULLY EQUIPPED, TURN KEY BUSINESS FEATURES A COMMERCIAL KITCHEN, DINING & BAR AREA INDOOR SEATING CAPACITY FOR: 60, FRONT OUTDOOR PATIO SEATING: 30 & BACK PATIO SEATING FOR: 30. THE SPACIOUS ON SITE BACK PARKING LOT ACCOMMODATES UP TO: 40 CARS. THE RESTAURANT ENJOYS A LOYAL CUSTOMER BASE AND STRONG LOCAL PRESENCE, A TOWN FAVOURITE LANDMARK KNOWN FOR THEIR DELICIOUS HOMEMADE MEALS & COLD BEVERAGES FOR ALL TO ENJOY IN A RELAXING ATMOSPHERE WHERE LOCAL MUSICIANS PLAY ON THE WEEKENDS. PERFECT FOR EXPERIENCED OPERATORS, CHEFS OR ENTREPRENEURS LOOKING TO STEP INTO YOUR OWN HOSPITALITY INDUSTRY. WITH A STRONG RETURN ON INVESTMENT ALREADY MAKE OWNING THIS RESTAURANT AN IDEAL INVESTMENT. NEW RESTAURANT BUSINESS OWNER WILL RENT FROM CURRENT BUILDING OWNER. WHETHER MAINTAINING THE CURRENT CONCEPT OR LAUNCHING SOME NEW CULINARY VISION, THIS RIVERFRONT RESTAURANT OFFERS EXCELLENT POTENTIAL TO TAKE OVER FOR LONG TERM SUCCESS!

Sold data

Homes in St. Clair — recent sold market

Homes in St. Clair took a median of 55 days to sell over the last 730 days, with the quickest quarter selling within 23 days and the slowest quarter taking more than 83, across 39 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 71 days.

The median sale price was $598,900.

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

About 10% of sales closed above the list price.

Around 33% of sellers reduced their price before finding a buyer.

Median days to sell
55
Median sale price
$598,900
Sale-to-list ratio
95.2%
Sold above asking
10%

Based on 39 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.

Currently for sale

Homes for sale near 1548 ST. CLAIR PARKWAY