97 Main Street South, Lambton Shores (Forest) - Business for Sale
97 Main Street South, Lambton Shores (Forest), Ontario, N0N1J0
This business in Lambton Shores is for sale. It has been on the market 0 days, fresher than the Lambton Shores average of 47 days.
Description
***BUILDING AND BUSINESS*** Welcome to CROSSINGS ROADHOUSE! An exceptional investment opportunity nestled in a vibrant community with strong local support and seasonal tourist traffic awaits in the heart of Forest, Ontario. A turnkey, profitable restaurant business with a beautifully maintained building, excellent indoor and outdoor seating and additional revenue potential. This spacious establishment offers seating for 95 guests indoors with a warm, inviting dining room and bar that has been thoughtfully designed to maximize comfort and turnover, plus a patio with seating for 109 guests - perfect for seasonal dining, special events and community gatherings. The well-appointed kitchen is fully equipped and operational, supporting a proven menu and memorable dining experience. Upstairs, a private 2 bedroom apartment provides the savvy investor with valuable rental income potential or live-on-site convenience. Whether used as an owner's residence or leased long-term, this added space significantly enhances the property's revenue profile. This is a rare offering combining real estate and business in one - perfect for an owner-operator or investor looking to capitalize on existing profitability and further growth potential. Contact listing agent for an inventory list of chattels/supplies and financial statements. (id:66096)
Property Details
- MLS®
- X14147320
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- C2
- Lot Size
- 95 × 132 ft (12,540 sq ft)
- Frontage
- 95 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $7,010.81/yr
- Listed
- Today
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Just listed: 0 days on market, against an average age of 47 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 61 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Lambton Shores (Forest) has been listed for 0 days, which is 47 days fresher than the city average of 47. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N0N)
This home lists at $988,000, about 10.3× the local median household income of $96,000.
Carrying it typically needs a household income of about $192,991 (20% down, 25-yr amortization, stress-tested) — roughly 101% above the area median.
- Median household income
- $96,000
- Population
- 42,297
- Median age
- 45.2
- Owner / renter
- 85% / 15%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA N0N)
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$988,000
Lambton Shores