4244 HIGHWAY 520 Highway
Magnetawan, Ontario
11,657 sqft • Other
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.
Price History
Schools
Elementary
- Magnetawan Central Public School0.7 km
Public · Near North DSB · 80 students
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board.
Community
Postal area P0A
- Population
- 17,822
- Private dwellings
- 14,748
- Median age
- 56.8
- Average household size
- 2.2
- Median household income
- $68,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Other in Magnetawan · last 12 months
- Median sold price
- $425,000
- Homes sold
- 45
- Median days on market
- 50
- Sale-to-list price
- 91.8%
Based on 45 recorded sales of other properties in Magnetawan over the last 12 months.
Location
Mortgage Calculator
$359,000
Estimated Monthly Payment
$8,818
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $8,818/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $449/mo
Estimates only. Consult a financial advisor.
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