358 HWY 11/17, Nipigon - Business for Sale
358 HWY 11/17, Nipigon, Ontario, P0T2J0
This business in Nipigon is for sale. It has been on the market 83 days, fresher than the Nipigon average of 126 days.
Description
A fantastic opportunity for an entrepreneur ready to take an established business to the next level! This 56.8-acre property along the Trans-Canada Highway and Stillwater Creek includes the land, buildings and business, featuring a beautifully built 2014 restaurant of approximately 2,600 sq. ft. with seating for 55, top-of-the-line commercial equipment, pizza oven, separate retail area and men’s & women’s washrooms, propane heating & air conditioning. The current owner has worked hard to establish an excellent reputation for great food and has built a loyal local clientele, giving the next owner a strong foundation to build upon. The property also includes a separate owner’s residence, several sheds and a campground with just under 40 sites, including 18 powered sites, RV sites with power and water hookups and 6 recently upgraded sites and a shower house. The campground is currently closed, offering an exciting opportunity to reopen, expand and develop the campground into an even stronger revenue stream. Children’s playground area, drilled well, dry hydrant and numerous yard improvements are already in place. Located in beautiful Nipigon, approximately one hour east of Thunder Bay and surrounded by incredible fishing, hunting, boating, camping and outdoor recreation. The restaurant reputation is already established - now bring your vision to grow the campground and take this unique business opportunity to the next level! Visit www.century21superior.com for more info & pics. (id:66096)
Property Details
- MLS®
- X13672608
- Property Type
- Business
- Business Type
- Recreation
- Bathrooms
- 4
- Lot Size
- 56 acres
- Basement
- Other, See Remarks, N/A
- Heating
- Propane
- Cooling
- Fully air conditioned
- Waterfront
- Yes
- Property Tax
- $13,434.32/yr
- Listed
- 83 days ago
Features
- Foundation
- Poured Concrete
- Exterior
- Vinyl siding
- Lot Features
- Irregular lot size, Wheelchair access
Services
- Water
- Drilled Well
- Sewer
- Septic System
- Utilities
- Cable, Telephone, Electricity Connected
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 83 days on market, against an average age of 126 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 91.3 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Nipigon has been listed for 83 days, which is 43 days fresher than the city average of 126. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P0T)
This home lists at $899,000, about 11.7× the local median household income of $77,000.
Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 128% 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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$899,000
Nipigon