


$875,000
Kenora
405 First Avenue South, Kenora (Downtown), Ontario, P9N1W2
This retail property in Kenora is for sale. It has been on the market 132 days, fresher than the Kenora average of 367 days.
Rare Waterfront Commercial Development Opportunity Positioned to capture beautiful west-facing sunsets, this unique commercial waterfront property offers deep-water frontage and exceptional redevelopment potential on Lake of the Woods. Whether your vision is a commercial marina, waterfront business, mixed-use development, or another commercial venture, the foundation is already in place. The property includes new Poralu floating docks installed in 2018, a Water Lot, and a Land Use Permit, providing valuable infrastructure for future development. The site encompasses approximately 48 x 56 metres (28,731 sq. ft.) of combined land and water area, offering ample room to create a distinctive waterfront destination. There is also potential to develop additional mainland parking and docking facilities, further enhancing the property's versatility and long-term value. Two existing buildings are located on the property and are being sold as shell structures, allowing the next owner complete flexibility to design and finish the space to suit their own requirements. Please note that the Seller has advised there are no keys available for the buildings, as the interiors can be viewed through the windows. Commercial waterfront opportunities with deep water, established docking infrastructure, and significant redevelopment potential are increasingly difficult to find. Bring your imagination and discover the possibilities this exceptional property has to offer. Come and See! (id:66096)
Long Listed: 132 days on market, against an average age of 367 days across the listings currently for sale in this city
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.
This retail in Kenora (Downtown) has been listed for 132 days, which is 235 days fresher than the city average of 367. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $875,000, about 10.5× the local median household income of $83,000.
Carrying it typically needs a household income of about $170,918 (20% down, 25-yr amortization, stress-tested) — roughly 106% above the area median.
Source: Statistics Canada, 2021 Census (FSA P9N)
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