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$550,000
Tweed
108773 Highway 7, Tweed (Elzevir (Twp)), Ontario, K0K3J0
This retail property in Tweed is for sale offering roughly 5 sq ft of space.
Dream big and imagine the endless possibilities for re-purposing the former Log Cabin Restaurant property on Highway 7, just east of the intersection with Highway 37. Situated on a stunning 5+ acre lot that backs directly onto the picturesque Skootamatta River, this property offers both beauty and versatility. The commercial space on the main floor can be adapted for various uses, while the second floor, currently serving as the owners' residence, holds the potential to be converted into multiple units. Additionally, the rooftop patio provides breathtaking waterfront views, perfect for relaxation or entertaining. With its prime location offering great visibility and proximity to the high-trac intersection of Highways7 and 37, this property is brimming with potential. Part of the property is also zoned for residential use, providing even more opportunities for development. Embrace the chance to create something extraordinary in this unique and strategically located property (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 657 days on market, against an average age of 130 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 61 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 94.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Tweed (Elzevir (Twp)) 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 $550,000, about 6.6× the local median household income of $83,000.
Carrying it typically needs a household income of about $107,434 (20% down, 25-yr amortization, stress-tested) — roughly 29% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0K)
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