Description

One of Kenora's oldest buildings with plenty of updates! Located in a prime area of downtown Kenora. This well maintained commercial building is a fantastic investment opportunity! The main floor offers 1250 sq.ft. of space that is currently being used as a coffee shop. With 13ft ceilings, a loft overlooking the main floor, brick wall, exposed duct work and is tastefully decorated. The second level offers a one bedroom 1229sq.ft. suite with its' own separate entrance. Renovated, spacious, 13ft ceilings, exposed beams and is open concept. The lower level consists of a large open area great for storage that is partially finished and offers endless opportunities. *Both units currently leased until December 2030 (id:66096)

Property Details

MLS®: X13261172
Property Type: Retail
Zoning: General Commercial
Lot Size: 25 × 50 ft (1,250 sq ft)
Frontage: 25 ft
Basement: Full
Heating: Natural gas, Other
Property Tax: $7,617.34/yr
Listed: 926 days ago

Features

Foundation: Stone
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Cable, Telephone, Natural Gas Available

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

926d

Kenora (Downtown) listings, avg age

366d

List price

$455K

Homes here sell close to asking price

Homes in this market sold for an average of 102.2 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

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Area context

Neighbourhood profile (P9N)

This home lists at $455,000, about 5.5× the local median household income of $83,000.

Carrying it typically needs a household income of about $88,877 (20% down, 25-yr amortization, stress-tested) — roughly 7% above the area median.

Median household income: $83,000
Population: 14,088
Median age: 43.6
Owner / renter: 72% / 28%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P9N)

$455,000

For sale

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Financing

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210 Second Street South, Kenora (Downtown) - Retail for Sale