593 Stokes Bay Road, Northern Bruce Peninsula - Business for Sale
593 Stokes Bay Road, Northern Bruce Peninsula, Ontario, N0H2M0
This business in Northern Bruce Peninsula is for sale offering roughly 2,712 sq ft of space.
Description
A familiar landmark in Stokes Bay, the building once known as the Copper Kettle Restaurant has been transformed into a 3-unit residential income property-a fantastic opportunity for investors or buyers looking for a home with built-in revenue. The triplex features: 1-bedroom unit currently rented at $525/month, a 2-bedroom unit currently rented at $600/month, and a 2-bedroom unit recently rented at $700/month. With two longer-term tenants and one newly occupied unit, this property offers stable income and the potential to grow your investment. Ideal for those who want to live in one unit while benefiting from tenants helping offset expenses. Located on the beautiful Bruce Peninsula, this property sits in the welcoming community of Stokes Bay, just a short drive to Lion's Head and Tobermory-home to incredible natural attractions, hiking, boating, and tourism demand. Whether you're expanding your real estate portfolio or searching for a practical home-plus-income solution, this unique and well-known property is worth a closer look. (id:66096)
Property Details
- MLS®
- X12584438
- Property Type
- Business
- Zoning
- C4
- Parking
- 5
- Interior Size
- 2,712 ft²
- Lot Size
- 82 × 111 ft (9,132 sq ft)
- Frontage
- 83 ft
- Cooling
- None
- Property Tax
- $1,789/yr
- Listed
- 341 days ago
Features
- Appliances
- Washer, Dryer
Services
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 341 days on market, against an average age of 135 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 77 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 92.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Northern Bruce Peninsula is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N0H)
This home lists at $399,900, about 4.7× the local median household income of $86,000.
Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $86,000
- Population
- 53,674
- Median age
- 52.8
- Owner / renter
- 86% / 14%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA N0H)
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$399,900
Northern Bruce Peninsula