41 Simcoe Plaza, Terrace Bay - Business for Sale
41 Simcoe Plaza, Terrace Bay, Ontario, P0T2W0
This business in Terrace Bay is for sale. It has been on the market 163 days, fresher than the Terrace Bay average of 257 days.
Description
Mo & Jo are retiring!! Mo & Jos Lighthouse Variety is for sale!! This means there's a tremendous opportunity to own & operate a popular well established & well-loved convenience store/take-out restaurant. Open 6 days a week - this family run establishment offers a wide range of convenience style items and products you can't otherwise find on a Sunday. Well known in town for mouth-watering pizzas & delicious homemade burgers. New to the business is M&M Meats (newer freezers & products) Lower-level walk out with a huge office space (once a hair salon) and tons of storage. The building has meticulously maintained with several updates including flooring, paint, equipment, hot water on demand, most propane appliances updated, pizza oven, freezers & coolers. The store is well lit and clean and also serves as a bus depot, and accepts parcel deliveries. Conveniently located in Terrace Bays main business artery - Simcoe Plaza - with views of Lake Superior and Terrace Bay's famous lighthouse - a popular tourist attraction! Visit www.century21superior.com so see more. (id:66096)
Property Details
- MLS®
- X13250802
- Property Type
- Business
- Frontage
- 32 ft
- Basement
- Full
- Heating
- Propane, Other
- Cooling
- Fully air conditioned
- Property Tax
- $7,000/yr
- Listed
- 163 days ago
Features
- Foundation
- Block
- Exterior
- Brick
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
- Utilities
- Cable, Telephone, Electricity Connected
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 163 days on market, against an average age of 257 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 88 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 89.4 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Terrace Bay has been listed for 163 days, which is 94 days fresher than the city average of 257. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P0T)
This home lists at $399,900, about 5.2× the local median household income of $77,000.
Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — roughly 1% 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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$399,900
Terrace Bay