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$1,275,000
Northern Bruce Peninsula
7024 # 6 Highway, Northern Bruce Peninsula, Ontario, N0H2R0
This retail property in Northern Bruce Peninsula is for sale offering roughly 3,500 sq ft of space. It has been on the market 127 days, fresher than the Northern Bruce Peninsula average of 136 days.
One of the most versatile commercial opportunities on the Bruce Peninsula. Set on approximately 7 acres just outside the settlement boundaries of Tobermory, this HCM-zoned property offers an exceptional combination of existing infrastructure and future development potential. The approximately 2,808 sq.ft. commercial building is complemented by approximately 658 sq.ft. of living quarters ready for renovation, a 40' x 80' Quonset building with a 14' x 14' overhead door, additional storage trailer, and existing septic and water servicing for a potential mobile home. HCM zoning permits a broad range of commercial uses, while the expansive site provides room for future business expansion, cabins or camping accommodations (subject to approvals), additional parking, or a true live-work operation. High-visibility location, ample parking, and minutes from downtown Tobermory. A rare opportunity to secure a large commercially zoned land holdings in the area with exceptional flexibility for today's needs and tomorrow's vision. (id:66096)
Long Listed: 127 days on market, against an average age of 136 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 77 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 92.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Northern Bruce Peninsula has been listed for 127 days, which is 9 days fresher than the city average of 136. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,275,000, about 14.8× the local median household income of $86,000.
Carrying it typically needs a household income of about $249,052 (20% down, 25-yr amortization, stress-tested) — roughly 190% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0H)
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