$1,288,000
Seguin
242 Oastler Park Drive, Seguin, Ontario, P2A2W8
This retail property in Seguin is for sale. It has been on the market 5 days, fresher than the Seguin average of 108 days.
An exceptional commercial investment opportunity with substantial redevelopment potential in Seguin, in the beautiful Parry Sound region. Set on approximately three point three four elevated acres with approximately three hundred seventeen feet of road frontage, this income-producing property offers a compelling combination of land, established accommodation, and upgraded infrastructure. C3 Highway Commercial zoning offers a broad range of potential commercial uses and multiple options for future expansion or redevelopment, including the potential to add multiple accommodation units, subject to applicable municipal approvals. Redevelopment potential of up to approximately forty thousand square feet, also subject to applicable municipal approvals, invites investors and developers to explore a larger commercial vision. The existing approximately seven thousand square foot motel building features seven self-contained units, each with its own bedroom, living area, kitchenette, and washroom, complemented by a shared laundry and office area. Currently fully occupied by long-term occupants under motel accommodation agreements, the property generates substantial existing income. Further potential to enhance rental income adds to the property's long-term investment appeal. Infrastructure includes natural gas, upgraded four hundred amp electrical service with multiple panels and subpanels, a newer well, and a newer high-capacity commercial septic system. The region's attractions are within easy reach: approximately seven kilometres to Parry sound Harbour, Island Queen sightseeing cruises, and the waterfront floatplane centre; approximately one kilometre to the Rose Point Trail access on Cargill Drive; and approximately eight kilometres to the Seguin Trail access at Georgian Bay Travel Centre. These nearby trails connect with the broader Park-to-Park Trail network linking Killbear Provincial Park and Algonquin Provincial Park. (id:66096)
Just listed: 5 days on market, against an average age of 108 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 94.3 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Seguin has been listed for 5 days, which is 103 days fresher than the city average of 108. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,288,000, about 17.5× the local median household income of $73,500.
Carrying it typically needs a household income of about $251,591 (20% down, 25-yr amortization, stress-tested) — roughly 242% above the area median.
Source: Statistics Canada, 2021 Census (FSA P2A)
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