325 Simpson Street, Thunder Bay (East End) - Business for Sale
325 Simpson Street, Thunder Bay (East End), Ontario, P7C3H9
Description
This is an exceptional turnkey business opportunity for an established operator or an entrepreneur looking to enter a stable market. Successfully operating for over two decades, this business has built a premier reputation in Thunder Bay for high-quality craftsmanship and superior customer service. The current owner is looking to retire, offering a seamless transition for the next proprietor. The seller currently leases the facility, and the landlord is open to extending the lease terms for a new owner. Comprehensive financial records are available for review by qualified prospective buyers upon request. Serious Buyers only. (id:66096)
Property Details
- MLS®
- X13813836
- Property Type
- Business
- Zoning
- SC
- Lot Size
- 50 × 130 ft (6,500 sq ft)
- Frontage
- 50 ft
- Heating
- Radiant heat
- Cooling
- Partially air conditioned
- Listed
- 43 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 43 days on market, against an average age of 45 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 24 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 107.4 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Thunder Bay (East End) has been listed for 43 days, which is 2 days fresher than the city average of 45. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P7C)
This home lists at $99,000, about 1.4× the local median household income of $72,500.
Carrying it typically needs a household income of about $19,338 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $72,500
- Population
- 21,695
- Median age
- 42.4
- Owner / renter
- 68% / 32%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA P7C)
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$99,000
Thunder Bay