28 COLBORNE Street, Rideau Lakes - Business for Sale
28 COLBORNE Street, Rideau Lakes, Ontario, K0G1V0
This business in Rideau Lakes is for sale offering roughly 10,560 sq ft of space.
Description
In popular tourist destination of Portland Village on the shores of Big Rideau Lake, large grocery store with 10,500 sq ft and exposure on three roads. The store has high visibility and signage on busy Hwy 15 that is major traffic route. Of the store's 10,500 sq ft, approx 4,500 sq ft is the grocery section. Plus, you also have deli, bakery, offices, loading dock and basement storage areas. Fully equipped with all that you need to operate a one-stop shop including expansive prep areas and lotto sales. Equipment included. Opportunity to improve profits with modernizing and increasing sales of local crafts, specialties and gourmet items. Electrical panels 1000 amps. Plenty of street parking available. Zoning is Local Commercial which permits many uses. The store is located on half an acre, room to grow your own produce. A gem with immense business potential, especially since nearest grocery store competitor is 15 min drive away. And, busy area with visitors coming to town to enjoy Big Rideau Lake attractions such as swimming beaches, boat launches, houseboat rentals. (id:66096)
Property Details
- MLS®
- X13234096
- Property Type
- Business
- Business Type
- Food Services and Beverage
- Zoning
- Local Commercial
- Parking
- 3
- Interior Size
- 10,560 ft²
- Lot Size
- 23,958 sq ft (0.55 ac)
- Frontage
- 114 ft
- Heating
- Forced air
- Cooling
- Fully air conditioned
- Property Tax
- $9,981/yr
- Listed
- 156 days ago
Market Timing
Long Listed: 156 days on market, against an average age of 130 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 94.3 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Rideau Lakes 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 (K0G)
This home lists at $649,900, about 6.9× the local median household income of $94,000.
Carrying it typically needs a household income of about $126,948 (20% down, 25-yr amortization, stress-tested) — roughly 35% above the area median.
- Median household income
- $94,000
- Population
- 39,862
- Median age
- 50.4
- Owner / renter
- 88% / 12%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA K0G)
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$649,900
Rideau Lakes