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11118 124 Highway South River, ON P0A 1X0
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Key Details
Sold Price $450,000
Property Type Commercial
Sub Type Building and Land
Listing Status Sold
Purchase Type For Sale
Square Footage 5,485 sqft
Price per Sqft $82
MLS Listing ID 40250536
Sold Date 11/18/22
Abv Grd Liv Area 5,485
Originating Board The Lakelands
Year Built 1957
Annual Tax Amount $3,442
Lot Size 5.300 Acres
Acres 5.3
Property Description
This picturesque 5.3 acre corner lot has sucessfully been operating as a retirement home since 1993 and it's time for the owner to retire! Zoned as Commercial Employment, there's a multitude of permitted uses for you to operate your business from - retail, professional offices, or a restaurant to name a few. A separate back entrance into the living quarters allows for you to live on site as well. There's at least 1600 sq ft of 8 individual units which could be rented out separately, and then there's the common area, dining area, commercial kitchen plus the living quarters at the back so there's plenty of space! Great potential to operate it as a restaurant with accommodations and capture 4 seasons of income from vacationers near and far. Plenty of parking space and easy access from Hwy 124. The acreage itself is level and partially fenced with a driveway winding through the beautiful mature trees. There is a drilled well near the north end of the property which has never been connected...perhaps the zoning would allow for a home to be built on the property as well? If you have always wanted to be your own boss, here's your opportunitiy!
Location
Province ON
County Parry Sound
Area Machar
Zoning CE (Commercial Employment)
Direction Located at the south end of South River on the corner of Hwy 124 & Machar Strong Boundary Rd. West
Rooms
Basement Partial, Unfinished
Kitchen 0
Interior
Interior Features High Speed Internet, Ceiling Fan(s)
Heating Forced Air, Natural Gas, Gas Hot Water, Wall Furnace, Water Radiators
Cooling None
Flooring Carpet, Laminate, Stone/Tile
Fireplace No
Laundry In Basement
Exterior
Exterior Feature Landscaped, Storage Buildings
Garage Asphalt, Gravel
Fence Partial
Utilities Available Cell Service, Electricity Connected, Fibre Optics, Natural Gas Connected, Street Lights, Phone Connected
Waterfront No
View Y/N true
View Trees/Woods
Street Surface Paved
Handicap Access Bath Grab Bars, Doors Swing In, Accessible Hallway(s), Wheelchair Access
Lot Frontage 622.6
Parking Type Asphalt, Gravel
Building
Lot Description Rectangular, Airport, Ample Parking, Corner Lot, Highway Access, Library, Major Highway, Park, Place of Worship, Playground Nearby, Quiet Area, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby
Faces Located at the south end of South River on the corner of Hwy 124 & Machar Strong Boundary Rd. West
Story 1
Sewer Septic Tank
Water Dug Well
Level or Stories 1
Structure Type Concrete, Vinyl Siding, Wood Siding
New Construction No
Others
Tax ID 520610178
Ownership Freehold/None
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