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$875,000
Scugog
5 Pier Street, Scugog, Ontario, L0B1E0
This 4-bedroom, 2-bathroom home in Scugog is for sale. Listed at $875,000, it is attractively priced about 12% below the $989,900 median asking price in Scugog.
Stop paying rent on both a home and a business space! Fabulous live/work or investment opportunity just minutes outside Port Perry. The upper level features a spacious and comfortable 4-bedroom residential apartment, complete with a walkout covered deck overlooking a serene garden-perfect to live in yourself or rent out for steady income. On the ground level, you will find almost 1,800 sq ft of open blank canvas possibilities with flexible C1 zoning (formerly a local convenience store), loads of parking, excellent local road exposure, plus an expansive bonus heated garage workshop. The incredibly versatile zoning allows for a wide array of permitted uses, for example: open a destination local restaurant or bakery, a daycare, medical or vet clinic, fitness or day spa studio, professional office, retail boutique, art gallery, or services shop! Imagine the possibilities: transform this classic neighborhood landmark into the community's next go-to gathering spot, a thriving creative headquarters, or a dream artisanal studio. This is your chance to step away from the daily grind, invest in your own real estate brick and mortar, and bring your big vision to life. Live upstairs and lease out the main floor, or run your own venture with a zero-minute commute. Enjoy a quiet community setting while keeping bustling amenities just a short drive away. Cross-listed as commercial MLS E13169522 (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 163 days on market, against an average age of 67 days across the listings currently for sale in this city
This 4-bed single family in Scugog 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 $875,000, about 7.9× the local median household income of $111,000.
Carrying it typically needs a household income of about $170,918 (20% down, 25-yr amortization, stress-tested) — roughly 54% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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