12 BEDFORD STREET, Westport

$629,000

For sale: Other

Other at 12 BEDFORD STREET, Westport
Property type
Commercial Retail
MLS®
MLS® X13710010
Neighbourhood
815 - Westport

Prime Westport commercial retail & residential opportunity! Exceptional opportunity to own a versatile commercial property in the heart of the Village of Westport! Ideally situated in the downtown core, this property offers excellent visibility and exposure to both pedestrian and vehicular traffic, making it an outstanding location for a retail business. The main floor features approximately 1,140 sq. ft. of retail space, currently operating as an established clothing and shoe store. The spacious and functional retail area offers an attractive layout with excellent flexibility for a variety of retail uses. The main floor also features two change rooms, two storage areas, and a convenient 2-piece staff washroom. An additional second-floor storage area provides valuable space for inventory and business operations. Adding to the property's versatility is an upstairs two-bedroom apartment, accessed conveniently from the rear of the building. The residential unit provides an excellent opportunity for an owner-operator, additional rental income, or staff accommodation. The property also offers access to the unfinished basement from the rear of the building. The basement is only used for building utilities and mechanical equipment and is not used for store storage. Building services include forced-air propane heating, along with a newly added heat pump. The heat pump provides air conditioning during the summer months. The upstairs apartment is equipped with electric baseboard heating. With its central village location, strong visibility, commercial retail space, dedicated storage, residential accommodation, and multiple income-use possibilities, this property presents a rare opportunity to establish or expand a business while benefiting from the added flexibility of an on-site residential unit. Prime location. Excellent exposure. Commercial and residential potential - all in the heart of the beautiful Village of Westport.

Sold data

Homes in Westport — recent sold market

Homes in Westport took a median of 47 days to sell over the last 730 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 96, across 53 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 61 days.

The median sale price was $799,000.

Homes sold for about 1.4% below asking on average, so there was room to negotiate.

About 19% of sales closed above the list price.

Around 28% of sellers reduced their price before finding a buyer.

Median days to sell
47
Median sale price
$799,000
Sale-to-list ratio
98.6%
Sold above asking
19%

Based on 53 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 12 BEDFORD STREET