Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

3 West Street N, Norwich, ON N0J 1X0

Sale Of Business
$1,399,000

An exceptional investment opportunity to own a well established ,fully operational Esso brand gas station complete with land ,building and a thriving convenience store . Strategically positioned on the prominent northwest corner of west street and main street in Springford just minutes from Tillsonburg. Three single fibre glass fuel storage tanks inspection reports available to review, financial statements, a recent environmental report indicated clean status of the property, this turnkey commercial property offers a solid income stream ,150 k net income annual from both store sale and gas sale,rental income from U-Haul, Canada post,food truck sale providing multiple streams and enhancing the property overall profitability offering turnkey gas station with property and convenience store operation to generate cash flow from day one .With multiple income streams,strong business performance and significant growth potential ,this property and business well positioned to deliver long term value and attractive returns, c-store inventory is excluded from the asking price ,will be counted at the time of closing .Don'wait -take advantage of this rare opportunity today to own and run gas station suitable for both handsOn owners and employee -managed operations !!

MLS number
X13514464
Type
Sale Of Business
Status
Active
Bedrooms
—
Bathrooms
1
Postal code
N0J 1X0
Photos
6
Property tax
$3,183 / year
74days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 708 people.

$102,000Median household income
95.3%Own their home
100%Detached houses
32.8Median age
11.9%Born outside Canada
10.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35320294 — the few blocks around this address, home to 708 people. It describes the area, not this property.

708Population
34.5Average age
3.3Household size
$122,000Average household income
$102,000Median household income
95%Own their home
5%Rent
0%Condominiums
12%Born outside Canada
11%University degree
$765,000Average home value
5%Low income
42%Not in the labour force
26%Never married
$35,000 to $39,9992%
$50,000 to $59,9993%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9995%
$90,000 to $99,9996%
$100,000 and over35%
$100,000 to $124,99913%
$125,000 to $149,9996%
$150,000 to $199,99910%
$200,000 and over6%

Percentages are of the 310 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$279,800 · minimum here is $114,900
$6,194.47per month
Borrowed before insurance$1,119,200
Total borrowed$1,119,200
Interest over 25 years at 4.5%$739,141

If you rented it out

-$6,459.72per month out of pocket
Rent$0.00
Everything it costs to hold$6,459.72
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by ROYAL STAR REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.