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3171 Highway 17B

3171 Highway 17B

MacDonald Meredith & Aberdeen Township, Ontario

Retail

$949,900

Great opportunity to own established restaurant business in the friendly village of Echo Bay, just 15 minutes east of Sault Ste. Marie. This 2400 sqft restaurant with additional 2400 sqft on the basement level has unlimited potential for the motivated entrepreneur. Main floor consists of a spacious restaurant dining area, large kitchen, main floor storage room, employee washroom and two public washrooms for customer use. Dining room has occupancy for up to 98 people. Operational kitchen has functioning pre area, large counters and stainless steel worktable. Dining room has garden doors onto raised wood deck for additional dining experience. Two staircases to lower level, which was previously a licensed bar, currently vacant. Additional features on the lower level include generous sized cold room, two customer washrooms, bar, dance floor, storage room, mechanical room and electrical room. Also included in the listing is a two bedroom, one bathroom bungalow with a detached five car garage. Ideal for a contractor or hobbyist. The main two car garage (28x36) is insulated, wired and heated with in-floor heating on the ground level. There is additional storage or other possible uses on the second level of the main garage. Second two car garage (26x30) is wired and insulated, third single car garage (12x24) is wired. Bungalow features many new updates such as new kitchen flooring, kitchen cabinets, countertops, peninsula and new fridge, stove and built-in dishwasher. Freshly painted throughout. Master bedroom has garden doors off the back of the house onto wood deck for privacy. Dining room also has garden doors onto the front deck to enjoy your coffee with the morning sun! Rare opportunity to own your own business and live next door or use bungalow and garages as a rental property. Great location and exposure for tourists visiting the Loonie monument located right beside the restaurant. Call now for your private showing. SELLER IS RELATED TO THE REAL ESTATE SALES REP.

Price History

Property

Lot Size
1.77 acres

Schools

Elementary

  • Echo Bay Central Public School0.7 km

    Public · Algoma DSB · 235 students

    Grade 3 reading: 82% met the provincial standard · Grade 6 math: 46% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area P0S

Population
10,170
Private dwellings
6,839
Median age
50
Average household size
2.3
Median household income
$85,000

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

Retail in MacDonald Meredith & Aberdeen Township · last 12 months

Median sold price
$0
Homes sold
0
Median days on market
0
Sale-to-list price
0.0%

Based on 0 recorded sales of retail properties in MacDonald Meredith & Aberdeen Township over the last 12 months.

Location

Mortgage Calculator

$189,980

Estimated Monthly Payment

$4,667

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $4,667/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $237/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

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Reita said:

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