Description

Investment opportunity conveniently located less than 15 minutes north of Bancroft. Successful auto repair shop for 20+ years, owners are ready to retire. This garage sits on nearly three acres with desirable RC & WD (formerly known as M3) zoning. Non-conforming legal variance allows for a Vehicle Repair Shop, Auto Body Shop, Salvage Yard, Vehicle Sales and Owner Residence. Other potential uses include Sanitary Landfill Site, Sewage Treatment Plant, Waste Transfer Station, Waste Processing Facility, and more. Excellent highway exposure and large paved parking lot. The ground floor boasts three large bays (with electric bay doors) and an office space. Beat the heat with two heat pumps which provide Air Conditioning to the shop/bays. Upstairs you will find a break room, storage room/potential office space, and washroom. (id:66096)

Property Details

MLS®: X13111334
Property Type: Retail
Business Type: Automobile
Zoning: RC- WD
Bathrooms: 1
Lot Size: 2.85 acres
Frontage: 356 ft
Heating: Forced air
Cooling: Fully air conditioned
Garage: Other
Property Tax: $3,517.74/yr
Listed: 177 days ago

Features

Appliances: Freezer
Lot Features: Irregular lot size

Services

Water: Drilled Well
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

177d

Hastings Highlands (Monteagle Ward) listings, avg age

67d

List price

$330K

Homes here sell slower than most markets

Sold homes in this market spent an average of 65 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 91.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

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Area context

Neighbourhood profile (K0L)

This home lists at $329,900, about 4.2× the local median household income of $79,000.

Carrying it typically needs a household income of about $64,441 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$329,900

For sale

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Financing

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30560 Highway 62 North, Hastings Highlands (Monteagle Ward) - Retail for Sale