1038 Ravine Road, Minden Hills (Lutterworth) - Business for Sale
1038 Ravine Road, Minden Hills (Lutterworth), Ontario, K0M2K0
This business in Minden Hills is for sale. It has been on the market 72 days, fresher than the Minden Hills average of 129 days.
Description
Prime Commercial Property! Turnkey, fully equipped auto body shop ready to operate from day one. Successfully serving the community for over 30 years, this established business offers a strong reputation, loyal clientele, and the rare opportunity to acquire the business, land, building, equipment, and customer base together. Situated on 1.4 acres, the approx 2,000 sq. ft. steel building features office space, a functional 3-bay garage, two garage doors, vehicle hoist, storage, dedicated painting room, and washroom. Ample outdoor parking provides plenty of room for vehicles, customers, and daily operations. The current owner is retiring and is willing to assist with a smooth transition. Adding to the appeal is the versatile zoning that allows for a variety of potential uses, including an accessory dwelling unit, subject to applicable approvals-creating the possibility for a convenient live-and-work setup. Located just off Highway 35, outside the vibrant town of Minden, the site offers excellent access and visibility to accommodate a variety of commercial opportunities in the growing Haliburton County community. Continue the established auto body business, expand into another permitted use or venture, or explore the live-work potential. A rare chance to own an established business with room to grow. (id:66096)
Property Details
- MLS®
- X13706202
- Property Type
- Business
- Business Type
- Automobile
- Zoning
- M1
- Bathrooms
- 1
- Lot Size
- 1.41 acres
- Frontage
- 276 ft
- Heating
- Other
- Cooling
- None
- Property Tax
- $2,520/yr
- Listed
- 72 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: 72 days on market, against an average age of 129 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Minden Hills (Lutterworth) has been listed for 72 days, which is 57 days fresher than the city average of 129. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K0M)
This home lists at $499,000, about 6.2× the local median household income of $80,000.
Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 22% above the area median.
- Median household income
- $80,000
- Population
- 53,815
- Median age
- 56.8
- Owner / renter
- 88% / 12%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA K0M)
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$499,000
Minden Hills