This retail property in Selwyn is for sale offering roughly 896 sq ft of space. It has been on the market 52 days, fresher than the Selwyn average of 81 days.
Unique opportunity at 3171 Lakefield Road offering exceptional flexibility in a prime high-traffic location. This property is ideally suited for someone looking for strong outdoor space, storage, parking, and exposure while also benefiting from an on-site residential component.The main floor features a bright and functional two-bedroom, one-bathroom apartment, making it an excellent option for an owner-occupier, employee housing, or immediate rental income. The lower level includes a walkout basement with a garage and separate entrance, providing a great space for storage, workshop use, small business operations, or contractor needs.Adding to the appeal, the property currently generates income from both the residential and exterior use. The apartment is rented for $2,100 permonth, while an outdoor tenant contributes an additional $800 per month, creating a combined monthly income of $2,900 and providing immediate cash flow for investors or owner-operators.The true value of this property lies in its versatility and visibility. With plenty of on-site parking and excellent exposure along Lakefield Road, this property is well suited for a variety of uses where outdoor space and accessibility are important. Ideal for contractors, tradespeople, landscapers, service-based businesses, or anyone looking for a live-work opportunity with room to operate.Conveniently located with easy access to Peterborough, Lakefield, and surrounding areas, this is a rare chance to secure a property with residential living, functional workspace, income potential, and exceptional exposure all in one package.Endless potential for the right buyer. Opportunities like this do not come around often. (id:66096)
Property Details
MLS®
X13779008
Property Type
Retail
Zoning
Commercial
Interior Size
896 ft²
Frontage
191 ft
Building Area
896 ft²
Heating
Forced air, Natural gas
Cooling
None
Garage
Other
Property Tax
$2,010/yr
Listed
52 days ago
Features
Appliances
Washer, Dryer
Services
Water
Drilled Well
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
52d
Selwyn listings, avg age
81d
Price / ft²
$670
List price
$600K
Long Listed: 52 days on market, against an average age of 81 days across the listings currently for sale in this city
Market timing · days on market0 → 81d avg age of current listings
Long Listed · day 52
Haho
This retail in Selwyn has been listed for 52 days, which is 29 days fresher than the city average of 81. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (K9J)
This home lists at $599,900, about 8.3× the local median household income of $72,500.
Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 62% above the area median.
Median household income
$72,500
Population
44,547
Median age
44
Owner / renter
62% / 38%
Avg. household size
2.3
Source: Statistics Canada, 2021 Census (FSA K9J)
$599,900· $670/ft²
For sale
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