$549,000
Whitestone
1294 Highway 520, Whitestone, Ontario, P0A1G0
This retail property in Whitestone is for sale offering roughly 5,808 sq ft of space.
Discover a rare commercial opportunity in the heart of cottage and recreational country. Locally known as the "Loggers Station" this established property has long served as a central gathering place and convenient stop for residents, cottagers, snowmobilers and travelers a like. Set on over 1.9 acres along Highway 520 this versatile property offers multiple potential revenue streams with a fully equipped restaurant, retail store, fuel station, take-out window and spacious residential apartment. The restaurant features seating for approximately 60 guests and includes a fully equipped commercial kitchen, bar area, pool table and multiple dart boards creating an inviting space for dining, entertainment and community gatherings. The connected retail area offers shelving, display space, fridges, freezers and direct access to the take-out window-ideal for quick meals, ice cream, snacks and convenience items. Outside two 2,500-litre fuel tanks provide added convenience for customers and visitors. A detached single-car garage is also located on-site. The well-appointed residential apartment offers exceptional flexibility with 3 bedrooms, 2 bathrooms, two separate entrances, forced-air propane heating, central air conditioning, kitchen, living and dining areas and a kitchenette/mudroom. Step outside to enjoy the private back deck complete with a hot tub. Whether used as an owner-occupied residence, staff accommodation or an additional rental opportunity the living quarters add further value to this unique offering. Ideally situated with direct access to the snowmobile trail system and nearby lake communities this property offers a strategic location for a variety of commercial uses. This is a unique opportunity to own a well-known local landmark with the flexibility to live, work and create your own vision in a highly accessible recreational area. Note: HST is in addition to the purchase price. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 139 days on market, against an average age of 102 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 74 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 91.4 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
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Approximate location — exact address confirmed upon showing
This home lists at $549,000, about 8.1× the local median household income of $68,000.
Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 58% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0A)
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