Homula Realty Brokerage
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4244 Highway 520, Magnetawan, ON P0A 1P0

Sale Of Business
$1,795,000

Rare opportunity to own a convenience store business and one of a kind Restaurant with real property in Magnetawan, ON. The Convenience Store currently holds a license permitting liquor sales, providing an additional revenue opportunity and further diversifying the business. Situated on a corner lot with ample parking, just 45 minutes from Parry Sound and Huntsville. The Property's location on HWY 520 surrounding local community as well as cottage and tourist market. Plenty of room to grow business, with potential to add Beer/wine in Convenience Store, Vape store and more. First floor has 4 bed 1 bath and 3 bed 2 bath units. Second floor has 7 bedroom 1 bathroom which can be used for Airbnb/Vrbo. A true turn-key operation, perfect for a hands-on family ownership model or Investor.

MLS number
X13668352
Type
Sale Of Business
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
P0A 1P0
Photos
15
Property tax
$8,905 / year
32days · 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.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Magnetawan Central Public School
Near North DSB
Elementary692 mNot reported

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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 682 people.

$58,000Median household income
84.3%Own their home
94%Detached houses
61.6Median age
9.8%Born outside Canada
19.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490186 — the few blocks around this address, home to 682 people. It describes the area, not this property.

682Population
56.2Average age
2Household size
$70,000Average household income
$58,000Median household income
84%Own their home
16%Rent
0%Condominiums
10%Born outside Canada
20%University degree
$580,000Average home value
20%Low income
14%Never married
Under $5,0001%
$10,000 to $14,9993%
$15,000 to $19,9992%
$20,000 to $24,9993%
$25,000 to $29,9995%
$30,000 to $34,9995%
$35,000 to $39,9997%
$40,000 to $44,9993%
$45,000 to $49,9995%
$50,000 to $59,9995%
$60,000 to $69,9996%
$70,000 to $79,9993%
$80,000 to $89,9996%
$90,000 to $99,9993%
$100,000 and over21%
$100,000 to $124,9998%
$125,000 to $149,9995%
$150,000 to $199,9995%
$200,000 and over3%

Percentages are of the 430 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.

$359,000 · minimum here is $359,000
$7,947.87per month
Borrowed before insurance$1,436,000
Total borrowed$1,436,000
Interest over 25 years at 4.5%$948,361

If you rented it out

-$8,689.95per month out of pocket
Rent$0.00
Everything it costs to hold$8,689.95
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 RE/MAX REAL ESTATE CENTRE INC.. Listing data provided by the Toronto Regional Real Estate Board.