$595,000
For sale: Other

Excellent opportunity in a prime Downtown Woodstock location! Solid approximately 2,600 sq. ft. commercial building on a 25.56' x 98.91' lot with a full basement, presently home to the well-established Dino's Dining Lounge, licensed for 118. Continue the existing restaurant operation, rebrand with your own concept, or explore a variety of other commercial uses including office, retail or your own business venture. The second floor features a spacious 3-bedroom apartment with kitchen, bath and common room, currently rented for $1,600/month with landlord paying utilities, providing additional income. The full basement offers extensive restaurant and storage space. Property may be purchased with or without the Dino's Dining Lounge business. The neighbouring property and business at 506 Dundas Street, under the same ownership, is also available separately, providing an opportunity to acquire one or both locations. Excellent Downtown exposure with commercial, business and residential income potential. Owner is flexible on closing, terms and negotiations.
Sold data
Homes in Woodstock (Woodstock - North) took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 43, across 175 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 40 days.
The median sale price was $597,000.
Homes sold for about 2.4% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 26% of sellers reduced their price before finding a buyer.
Based on 175 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Woodstock (Woodstock - North) has 19 Fraser Institute–rated schools (14 elementary and 5 secondary), averaging 4.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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