12 Kolb Avenue, Kapuskasing, Ontario, P5N1E9
This office property in Kapuskasing is for sale. It has been on the market 64 days, fresher than the Kapuskasing average of 121 days.
Exceptional opportunity to own a fully renovated and meticulously maintained two-storey commercial building, currently home to the "Knights of Columbus Hall." Offering approximately 7,769 sq. ft. of versatile commercial space, this unique property is ideally situated in the heart of Kapuskasing's downtown core and benefits from C1 zoning. Designed with flexibility and income potential in mind, the building features multiple halls, office spaces, and rental areas that can be leased independently, creating numerous revenue opportunities. Each hall is self-contained and equipped with its own private entrance, washrooms, storage areas, office space, and kitchen or wet bar facilities. The main level showcases a spacious event hall with a seating capacity of approximately 350 to 400 guests, complemented by a fully renovated and professionally equipped chef's kitchen. The lower level offers two additional halls with capacities of 205 and 141 people respectively, providing even more options for events, meetings, or rentals. On the second floor, you'll find additional rental units and storage space, further enhancing the property's versatility. A large parking lot located alongside the building provides ample parking for guests, tenants, and visitors. With its prime location, extensive renovations, and endless possibilities, this one-of-a-kind property is ready for its next chapter. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 64 days on market, against an average age of 121 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 62 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 94.1 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This office in Kapuskasing has been listed for 64 days, which is 57 days fresher than the city average of 121. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $799,000, about 11.6× the local median household income of $69,000.
Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 126% above the area median.
Source: Statistics Canada, 2021 Census (FSA P5N)
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