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220 Fourth ST

Rainy River, Ontario

  • Other
$269,900

A rare opportunity in the heart of Rainy River! This well-known commercial property has been home to a trusted hardware and home supply store that has proudly served the community for over 35 years, with the current owner operating it successfully for the past 25. Now, with retirement approaching, this property and inventory are being offered for sale - creating a fantastic opportunity for new owners to bring their own business vision to life in a prime downtown location. The sale includes the building and current hardware merchandise inventory, providing a ready-to-use retail setup with excellent exposure and loyal local traffic. While it has long operated as a hardware store, the business itself is not included in the sale, leaving the door open for a variety of potential uses - continue offering hardware and home goods, or reimagine the space to suit your own commercial plans. Rainy River is a full-service community affectionately known as the “Walleye Capital,” nestled on the beautiful Lake of the Woods at the border of Ontario, Minnesota, and Manitoba - a region celebrated for its natural beauty, recreation, and welcoming small-town atmosphere. As a bonus, the owner also holds three desirable vacant lots in town, perfect for building your dream home. With the purchase of the property, one or more of these lots can be negotiated. One lot offers scenic riverfront views, while the other two are located in a quiet cul-de-sac near the river and within walking distance to the local school. This is an excellent opportunity for anyone looking to relocate to one of Northwestern Ontario’s most scenic and community-oriented areas. It is ideal for individuals or families eager to raise children in a safe, small-town setting while enjoying the rewards of entrepreneurship and small business life. Please note: The business is not included in the sale. Do not approach the premises directly. For full details or to arrange a private viewing, contact the listing agent.

Price History

Schools

Secondary

  • Rainy River High School0.3 km

    Public · Rainy River DSB · 110 students

    Grade 10 literacy: 77% met the provincial standard

Elementary

  • Riverview Elementary School0.5 km

    Public · Rainy River DSB · 120 students

    Grade 3 reading: 50% met the provincial standard · Grade 6 math: 25% 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 P0W

Population
6,454
Private dwellings
3,903
Median age
42.8
Average household size
2.5
Median household income
$76,500

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.

Walk Score

43

Walk

40

Bike

Scores by Walk Score®

Mortgage Calculator

$53,980

Estimated Monthly Payment

$1,326

Land transfer tax

Estimated land transfer tax$2,524

Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.

Investment Analysis

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

Mortgage: $1,326/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $67/mo

Estimates only. Consult a financial advisor.

R

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