$949,000
Drummond/North Elmsley
15839 Highway 7 Highway, Drummond/North Elmsley, Ontario, K7H3C8
This retail property in Drummond/North Elmsley is for sale. It has been on the market 61 days, fresher than the Drummond/North Elmsley average of 108 days.
Exceptional opportunity to own a versatile 14-acre commercial property with prime access and visibility from Highway 7. This well-equipped property is ideally suited for automotive, trucking, equipment service, contracting, storage, or a wide range of commercial and industrial uses.The centerpiece of the property is a substantial three-storey garage, workshop, and storage building featuring three service bays, extensive workspace, and a large truck bay at the rear designed to accommodate larger vehicles and equipment. The facility is equipped with hoists, a tire machine, and an abundance of working area to support day-to-day operations. Additional interior features include office space, dedicated storage areas, a tool room, hydraulic room, loft storage, and a convenient two-piece washroom.Complementing the main building are multiple outbuildings located throughout the property, all serviced with electricity, providing exceptional flexibility for equipment storage, inventory, seasonal operations, or future expansion.The property is serviced by a private well and septic system and benefits from three separate heat sources, ensuring reliable year-round operation. Adding further value is an established Christmas tree farm featuring several hundred mature Christmas trees, creating a unique opportunity for supplemental income or diversification.With excellent highway access, extensive infrastructure, and significant acreage, this rare property offers the space, functionality, and potential to support and grow a wide variety of commercial enterprises. (id:66096)
Long Listed: 61 days on market, against an average age of 108 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 64 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 93.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Drummond/North Elmsley has been listed for 61 days, which is 47 days fresher than the city average of 108. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $949,000, about 11.6× the local median household income of $82,000.
Carrying it typically needs a household income of about $185,373 (20% down, 25-yr amortization, stress-tested) — roughly 126% above the area median.
Source: Statistics Canada, 2021 Census (FSA K7H)
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