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$899,900
Englehart
135 Fourth Avenue, Englehart, Ontario, P0J1H0
This retail property in Englehart is for sale offering roughly 2,750 sq ft of space. It has been on the market 6 days, fresher than the Englehart average of 161 days.
Exceptional Business Opportunity in Englehart - Prime Location Just Off Trans-Canada Highway 11 - This is a rare opportunity to acquire a well-established, multi-income business offering three revenue streams in one - a Gas Station, Automotive Service Centre, and Towing Operation. Strategically located just off Highway 11, this property enjoys high visibility, steady traffic flow, and a loyal customer base built over many years of family ownership. The property features a fully equipped automotive service center with three bays, each with newer hoists, as well as an upgraded fuel system (tanks replaced in 2015). The retail area is heated by a newer natural gas furnace, while the shop area operates on an efficient waste-oil furnace. Two tow trucks (wreckers) are included in the sale, providing immediate operational capacity for the towing segment. This turnkey operation presents strong existing revenues and significant potential for further growth and expansion. Financial statements and environmental reports are available to qualified buyers upon request. Don't miss your chance to invest in this proven, profitable business with a solid foundation and endless potential in Northern Ontario. (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 6 days on market, against an average age of 161 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 93.1 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Englehart has been listed for 6 days, which is 155 days fresher than the city average of 161. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $899,900, about 12.4× the local median household income of $72,500.
Carrying it typically needs a household income of about $175,782 (20% down, 25-yr amortization, stress-tested) — roughly 142% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0J)
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