41 SIMCOE PLAZA, Terrace Bay

$399,900

For sale: Other

Other at 41 SIMCOE PLAZA, Terrace Bay
Property type
Commercial Retail
MLS®
MLS® X13250802

Mo & Jo are retiring!! Mo & Jos Lighthouse Variety is for sale!! This means there's a tremendous opportunity to own & operate a popular well established & well-loved convenience store/take-out restaurant. Open 6 days a week - this family run establishment offers a wide range of convenience style items and products you can't otherwise find on a Sunday. Well known in town for mouth-watering pizzas & delicious homemade burgers. New to the business is M&M Meats (newer freezers & products) Lower-level walk out with a huge office space (once a hair salon) and tons of storage. The building has meticulously maintained with several updates including flooring, paint, equipment, hot water on demand, most propane appliances updated, pizza oven, freezers & coolers. The store is well lit and clean and also serves as a bus depot, and accepts parcel deliveries. Conveniently located in Terrace Bays main business artery - Simcoe Plaza - with views of Lake Superior and Terrace Bay's famous lighthouse - a popular tourist attraction! Visit www.century21superior.com so see more.

Sold data

Homes in Terrace Bay — recent sold market

Homes in Terrace Bay took a median of 36 days to sell over the last 730 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 70, across 45 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 68 days.

The median sale price was $152,000.

Homes sold for about 6.0% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 16% of sellers reduced their price before finding a buyer.

Median days to sell
36
Median sale price
$152,000
Sale-to-list ratio
94.0%
Sold above asking
7%

Based on 45 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 Terrace Bay

Terrace Bay has 1 Fraser Institute–rated school (1 secondary).

Rated schools
1
Secondary
1

Top-rated schools in Terrace Bay

  • Lake Superior — secondaryFraser rating 3.2/10

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

Currently for sale

Homes for sale near 41 SIMCOE PLAZA