$620,000
Marathon
51 Peninsula Road, Marathon, Ontario, P0T2E0
This retail property in Marathon is for sale offering roughly 3,115 sq ft of space.
51 Peninsula presents a rare and versatile investment opportunity, perfectly positioned on the main thoroughfare into town for maximum visibility and accessibility. The main level offers a fully functional, move-in-ready commercial setup. A welcoming front lobby leads to eight private office rooms, ideal for a variety of professional or service-based businesses. This level also features a convenient breakroom with a sink, a 3-piece bathroom, and an additional 2-piece bathroom. Enhancing the property?s versatility is the attached 34' x 18' garage, offering ample space for parking, workshop use, or additional storage. Complementing this is a generous 19' x 17' bonus room that opens the door to endless possibilities?whether you envision a studio, meeting space, or further business expansion, this adaptable space can easily be tailored to fit your vision. The upper level provides a welcoming residential retreat, thoughtfully laid out for comfort and functionality. Here, you?ll find three spacious bedrooms, a 3-piece bathroom, and a dedicated laundry area for added convenience. A standout feature is the large sunroom, flooded with natural light?perfect for a peaceful workspace or storage. The open-concept kitchen, dining, and living area forms the heart of the home, offering a cozy yet airy environment enriched by warm wood accents. This unique property is ideally suited for entrepreneurs, investors, or those seeking a seamless live-work arrangement. With its prominent location and flexible layout, it presents an outstanding opportunity to maximize both lifestyle and income potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 198 days on market, against an average age of 170 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 66 days on the market over the past year, against a median of 48 days across the markets we publish.
This retail in Marathon is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $620,000, about 8.1× the local median household income of $77,000.
Carrying it typically needs a household income of about $121,108 (20% down, 25-yr amortization, stress-tested) — roughly 57% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0T)
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