12268 Highway 41, Addington Highlands (Addington Highlands) - Business for Sale
12268 Highway 41, Addington Highlands (Addington Highlands), Ontario, K0H2G0
This business in Addington Highlands is for sale offering roughly 5,617 sq ft of space. It has been on the market 46 days, fresher than the Addington Highlands average of 122 days.
Description
Discover the potential of this large restaurant property with spacious living accommodations above! Featuring 5 bedrooms and 2 bathrooms upstairs, this unique property offers an exciting opportunity for someone looking to bring new life to a well-sized commercial space while having the convenience of living where you work. Whether you have always dreamed of running your own restaurant, creating a live/work space, or taking on a project with plenty of possibilities, this property is ready for someone with a vision. The property has already undergone numerous improvements, including some new windows and doors, new insulation, new wiring in the front half of the downstairs and the back half of the upstairs, some new structural beams in on the main floor, and a new bathroom upstairs. Heating ducts have also been installed beneath the front booths, and all of the restaurant booths are included with the property. There is even additional brick on the property that can be used to redo the front of the building, providing an opportunity to continue improving the exterior while maintaining its character, as well as a ponyroof that provides the opportunity to extend the second floor or add a balcony. There is still work to be completed, but much of the ground work has already been done, creating an excellent opportunity for someone with a vision to finish the transformation. This property offers the opportunity to create something truly unique. Bring your ideas and finish making this property your own! (id:66096)
Property Details
- MLS®
- X13804550
- Property Type
- Business
- Zoning
- C-1 - General Commercial
- Interior Size
- 5,617 ft²
- Lot Size
- 24,089 sq ft (0.55 ac)
- Frontage
- 120 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $2,838.71/yr
- Listed
- 46 days ago
Features
- Lot Features
- Irregular lot size
Services
- Water
- Drilled Well
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 46 days on market, against an average age of 122 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 90 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 93.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Addington Highlands (Addington Highlands) has been listed for 46 days, which is 76 days fresher than the city average of 122. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K0H)
This home lists at $445,000, about 4.8× the local median household income of $92,000.
Carrying it typically needs a household income of about $86,924 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $92,000
- Population
- 47,286
- Median age
- 51.2
- Owner / renter
- 91% / 10%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA K0H)
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$445,000
Addington Highlands