$599,000

For sale

5480 Highway 620, Bancroft (Bancroft Ward) - Retail for Sale

5480 Highway 620, Bancroft (Bancroft Ward), Ontario, K0L1P0

1 bath20 parking6,000 ft²160 × 215 ft (34,400 sq ft) lot sizeListed 26 days ago

Overview

This retail property in Bancroft is for sale offering roughly 6,000 sq ft of space. It has been on the market 26 days, fresher than the Bancroft average of 104 days.

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Description

Here is your incredible opportunity to own a piece of Coe Hill history! For decades, the Coe Hill Grocery Store has been an integral and beloved part of this vibrant community. This isn't just a business; it's a hub with incredible potential. Recently undergoing an extensive renovation, this property is impeccably clean and ready for its next chapter. It boasts brand new refrigeration displays with new condenser units, ensuring efficiency and reliability. A new heat pump provides comfortable and cost-effective climate control. The clean, dry basement and large, clean, dry delivery bay offer ample storage and operational ease. What truly sets this listing apart is its flexible zoning. Imagine the possibilities! You could create a "business within a business," add a convenient take-out window, or establish a separate cozy cafe. With the potential for LCBO retail, the revenue streams are vast. An added bonus for customers and the community is the on-site EV charger, a modern amenity that truly sets this property apart. Plus, it offers the unique advantage of potential living quarters, perfect for an owner-operator or on-site management. This is more than a grocery store; it's an investment in a thriving community with endless entrepreneurial opportunities. (id:66096)

Property Details

MLS®: X13879998
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: C, R1
Bathrooms: 1
Parking: 20
Interior Size: 6,000 ft²
Lot Size: 160 × 215 ft (34,400 sq ft)
Frontage: 160 ft
Heating: Forced air
Cooling: Fully air conditioned
Property Tax: $5,861.4/yr
Listed: 26 days ago

Services

Water: Drilled Well
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

26d

Bancroft (Bancroft Ward) listings, avg age

104d

Price / ft²

$100

List price

$599K

Homes here sell slower than most markets

Sold homes in this market spent an average of 69 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 92.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This retail in Bancroft (Bancroft Ward) has been listed for 26 days, which is 78 days fresher than the city average of 104. Act while there is still low competition.

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Listed by Coldwell Banker Electric Realty · Mersadies Burton

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $599,000, about 7.6× the local median household income of $79,000.

Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 48% above the area median.

Median household income: $79,000
Population: 78,142
Median age: 54
Owner / renter: 88% / 12%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K0L)

$599,000· $100/ft²

For sale

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Financing

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