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$1,300,000
Temagami
4825 Highway 11, Temagami, Ontario, P0H2H0
This retail property in Temagami is for sale offering roughly 2 sq ft of space. It has been on the market 162 days, fresher than the Temagami average of 203 days.
Well-known and established commercial opportunity located on busy Highway 11 just south of Temagami, offering exceptional exposure and year-round traffic. "Gramps Place" which just celebrated 50 amazing years, sitting on 2.2 acres features a retail/general store, tackle and bait shop, multiple accessory buildings, ample parking, and owner's living quarters with 4 bedrooms and 2 bathrooms. This is a unique opportunity to own and operate a landmark Northern Ontario business catering to tourists, outdoor enthusiasts, and the local community for decades, while having the ability to live onsite. Profitable business. Perfect for a young family wanting to continue building this Northern Ontario legacy. Financial statements available for serious buyers & signed confidentiality agreement. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 162 days on market, against an average age of 203 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 65 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 89.1 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Temagami has been listed for 162 days, which is 41 days fresher than the city average of 203. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,300,000, about 16.3× the local median household income of $80,000.
Carrying it typically needs a household income of about $253,936 (20% down, 25-yr amortization, stress-tested) — roughly 217% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0H)
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