$749,000
Renfrew
$749,000
Renfrew
314/316 RAGLAN Street, Renfrew, Ontario, K7V1R5
This retail property in Renfrew is for sale offering roughly 6,297 sq ft of space.
Prime Commercial investment opportunity in the heart of downtown Renfrew! Retail or office with residential unit(s) above or behind. This impressive property boasts one-story commercial building with retail or office and three residential unit(s). One unit on the main floor and two units above. The restaurant was a fully-operational commercial kitchen and bar with outdoor patio area approx. 1,200 sqft. Parking available: 4 spaces owned and many more shared parking as well as street parking available. Located in older downtown core. Two apartments already rented at approx. $3200/M. Owner lives in the 3rd apartment which can be rented easily at approx $ 2400/M. The building is a great opportunity as an investment with the potential for multiple tenants or for an owner who would occupy. If you are someone looking to set up their business like Retail, Pharmacy, Medical Clinic, restaurant, coffee shop for long term success with the opportunity to expand, this could be for you... Pictures show old restaurant/bar but it is empty now (Displayed to show potential similar business on site). (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 201 days on market, against an average age of 111 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.
This retail in Renfrew 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 $749,000, about 10.7× the local median household income of $70,000.
Carrying it typically needs a household income of about $146,306 (20% down, 25-yr amortization, stress-tested) — roughly 109% above the area median.
Source: Statistics Canada, 2021 Census (FSA K7V)
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