Address
6117 King Street Mindemoya, ON
Price
$ 1,390,000
Property Attributes
  • ID#2098447
  • TypeCommercial
  • CityMindemoya
  • Postal CodeP0P 1S0
  • StyleGeneral retail
  • Price$ 1,390,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)
Data Source:
Canadian Real Estate Association
Property Description

Great commercial opportunity in Central Manitoulin Island in the town of Mindemoya. Located at the junction of Hwy 551 and Hwy 542 sits Wilson General Store where it has been for over 45 years. The current owners have revamped the business and significantly improved the offering to the community and area. The entire building has been well utilized. The upper floor has renovated two 2 bedroom apartments and one 1 bedroom providing year round income. The main floor of the building houses a coin operated laundromat, ice cream parlour, sub sandwich shop and general store. The gas station and propane filling station provide additional income. There is a recent environmental report giving the business a clean bill of health. Gas lines has been replaced in the last seven years. Revenue has doubled since the new owners have taken over. Financial reports are available for the last three years and are made available upon completing a confidentiality agreement. The owners are willing to carry a partial VTB. PLEASE NOTE THAT THIS IS A SHARE SALE. SELLER WILL CONSIDER AN ASSET SALE INSTEAD OF A SHARE SALE. (id:7434)

General Features

Building Type Commercial Mix
Business Sub Type General retail
Business Type Retail and Wholesale
Foundation Type Concrete Slab
More Information Link https://www.realtor.ca/real-estate/23663614/6117-king-street-mindemoya
Ownership Type Freehold
Property Type Retail
Zoning Description C2

Interior Features

Building Fireplace Present False
Building Heating Type Baseboard heaters
Flooring Type Hardwood, Laminate, Tile

Exterior Features

Building Roof Material Asphalt shingle
Building Roof Style Unknown
Exterior Finish Vinyl
Fence Type Partially fenced
Sewer Municipal sewage system

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in P0P 1S0

Price
AVG $1.19M
$1.39M
Visits
AVG 16
2

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