2 IGA Road, Minden Hills (Lutterworth) - Retail for Sale
2 IGA Road, Minden Hills (Lutterworth), Ontario, K0M2K0
8,000 ft²19,384 sq ft (0.44 ac) lot sizeListed 110 days ago
Overview
$1,599,900
Minden Hills
2 IGA Road, Minden Hills (Lutterworth), Ontario, K0M2K0
$1,599,900
Minden Hills
This retail property in Minden Hills is for sale offering roughly 8,000 sq ft of space. It has been on the market 110 days, fresher than the Minden Hills average of 129 days.
A staple in Minden's business community for decades, this fully tenanted, mixed-use building is ideally located just off Highway 35 in a high-traffic, easily accessible area. The property features four established commercial storefronts on the main level, all leased to long-term tenants, along with four residential units on the second floor, offering a stable and diversified income stream. The building is well-maintained and managed, with ample on-site parking for both commercial patrons and residential tenants. This is a turn-key investment in a thriving location that continues to play a key role in Minden's business landscape. Income and expense statements available to qualified buyers upon request. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 110 days on market, against an average age of 129 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Minden Hills (Lutterworth) has been listed for 110 days, which is 19 days fresher than the city average of 129. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,599,900, about 20.0× the local median household income of $80,000.
Carrying it typically needs a household income of about $312,516 (20% down, 25-yr amortization, stress-tested) — roughly 291% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0M)
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