7 Stevens Ave, Marathon - Business for Sale
7 Stevens Ave, Marathon, Ontario, P0T2E0
Description
Located on the shores of Lake Superior in the heart of the Boreal Forest, this unique commercial/residential property offers excellent visibility in a high-traffic area and multiple income streams. The property features three well-established leases, including one flexible space that can be used for short-term rentals when vacant, creating additional revenue potential. The upper level offers a 2-bedroom, 1-bathroom residential apartment with a truly one-of-a-kind feature – the original town safe - converted into the primary bedroom’s walk-in closet. The main level includes an established business on one side, a separate driveway, a 1-bedroom apartment with unique interior fixture and a spacious 900 sq ft shop that was once home to a successful woodworking and cabinetry business. With its mix of commercial, residential and flexible rental opportunities, this property is a rare find and a strong investment opportunity. Visit www.century21superior.com for more info and pics (id:66096)
Property Details
- MLS®
- X13250944
- Property Type
- Business
- Business Type
- Service
- Parking
- 2
- Frontage
- 100 ft
- Basement
- Full
- Heating
- Baseboard heaters, Electric, Propane, Other
- Cooling
- None
- Property Tax
- $7,809.88/yr
- Listed
- 169 days ago
Features
- Appliances
- Furniture
- Foundation
- Poured Concrete
- Exterior
- Aluminum siding
- Lot Features
- Irregular lot size
Services
- Water
- Municipal water
- Utilities
- Telephone, Electricity Connected
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 169 days on market, against an average age of 171 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 66 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Marathon has been listed for 169 days, which is 2 days fresher than the city average of 171. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P0T)
This home lists at $425,000, about 5.5× the local median household income of $77,000.
Carrying it typically needs a household income of about $83,017 (20% down, 25-yr amortization, stress-tested) — roughly 8% above the area median.
- Median household income
- $77,000
- Population
- 32,000
- Median age
- 45.6
- Owner / renter
- 84% / 16%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA P0T)
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$425,000
Marathon