98 Main Street, Kearney - Business for Sale
98 Main Street, Kearney, Ontario, P0A1M0
This business in Kearney is for sale offering roughly 5,490 sq ft of space.
Description
*** Rare Opportunity to Own a High-Margin Freehold Convenience Store with Property! in the heart of Kearney. *** Strong business with an ESTIMATED 35% OVERALL GROSS MARGIN ----- HIGH-MARGIN PRODUCT MIX(Tobacco 29%+Grocery about 60%+Beer 11%) and growing Liquor sales. *** Excellent potential income with an attached vacant commercial building(610 sf) with 1-bedroom + 1bath apartment(610 sf). *** Situated on a 11,625 sf. (0.267-acre) lot featuring an approximately 1,900 sf. retail store, large storage area, Fantastic lake view 3-bedroom+1Bath upper apartment(1,166 sf). *** Over $100,000 invested in recent(2024~2026) upgrades, including roof, private well, heat pump, tankless water heater and renovations. ***Ideal owner-operated business for a couple. *** Excellent location across from a popular lake and resort, with loyal local customers and steady cottage traffic. *** Limited competition provides stable year-round income. *** Low property tax of only $2,281 (2025). *** Annual Kearney Regatta Festival brings a significant increase in sales. *** Business & Property Included & Inventory Extra. *** NDA & Proof of Funds May Be Required Prior to Releasing Financial (id:66096)
Property Details
- MLS®
- X13597688
- Property Type
- Business
- Business Type
- Retail and Wholesale
- Zoning
- CTS(Commercial Townsite)
- Parking
- 4
- Interior Size
- 5,490 ft²
- Frontage
- 82 ft
- Building Area
- 5,490 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Waterfront
- Yes
- Property Tax
- $2,281/yr
- Listed
- 104 days ago
Features
- Lot Features
- Irregular lot size
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 104 days on market, against an average age of 101 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 69 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 90.3 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P0A)
This home lists at $949,000, about 14.0× the local median household income of $68,000.
Carrying it typically needs a household income of about $185,373 (20% down, 25-yr amortization, stress-tested) — roughly 173% above the area median.
- Median household income
- $68,000
- Population
- 17,822
- Median age
- 56.8
- Owner / renter
- 87% / 13%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA P0A)
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$949,000
Kearney