231 Durham Street, Madoc - Business for Sale
231 Durham Street, Madoc, Ontario, K0K2K0
Description
Own a Thriving Bar & Restaurant in Madoc. A rare opportunity to step into a well-established, bar and restaurant in the heart of Madoc. Perfectly located on Highway 62 (the main gateway into town) and directly across from the Madoc Park, this location offers unbeatable visibility and steady foot traffic. This turnkey operation comes with a loyal, built in customer base, ample parking, and strong, consistent sales performance. With profit margins already in place, this is a business ready to reward a new owner from day one. Whether you're an experienced restaurateur or looking to make your first move into hospitality, this is your chance to own a local hotspot with room to grow. (id:66096)
Property Details
- MLS®
- X13559138
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- C2
- Bathrooms
- 3
- Frontage
- 277 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $19,523.1/yr
- Listed
- 115 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 115 days on market, against an average age of 88 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 71 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 92.6 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 (K0K)
This home lists at $185,000, about 2.2× the local median household income of $83,000.
Carrying it typically needs a household income of about $36,137 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $83,000
- Population
- 115,850
- Median age
- 50.8
- Owner / renter
- 86% / 14%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA K0K)
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$185,000
Madoc