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  • 41 Simcoe Plaza
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41 Simcoe Plaza - Terrace Bay Ontario  $550,000

Mo & Jo are retiring!! This means there's a tremendous opportunity to own & operate a popular well established & well loved convenience store/take-out restaurant. Open 7 days a week - this family run establishment offers a wide range of convenience style items and products you can't otherwise find on a Sunday. Well known in town for mouth-watering pizzas & delicious homemade burgers. Lower level walk out with a huge office space (once a hair salon) and tons of storage. The building has meticulously maintained with several updates including flooring, paint, equipment, hot water on demand, most propane appliances updated, pizza oven, freezers & coolers. The store is well lit and clean and also serves as a bus depot, and accepts parcel deliverys. Conveniently located in Terrace Bays main business artery - Simcoe Plaza - with views of Lake Superior and Terrace Bay's famous lighthouse - a popular tourist attraction!  NEW - THE OWNER HAS ESTABLISHED AN EXCLUSIVE RELATIONSHIP TO SELL "M&M MEATS"!

Never been to Terrace Bay?? Terrace Bay is a township in Thunder Bay District in northern Ontario, Canada, located on the north shore of Lake Superior east of Thunder Bay along Highway 17. The name originates from a series of lake terraces formed as the water level in Lake Superior lowered following the latest ice age.  Check out the website at www.terracebay.ca  for more information.

 

Wendy Ferris Sales RepresentativePresented by:

Wendy Ferris

Sales Representative

624-8452

ronandwendyferris@shaw.ca

 

Age

26+ yrs

Retail Sq Footage

1800

 

 

 

Office Sq Footage

1800

 

Total Sq Footage

3600

Bathrooms

2pc staff bathroom

2 - stall bathrooms bsmt

 

Parking

front & back parking lots

Area

Terrace Bay

 

Taxes

$7000/22 approx.

Lot Size

32 ft x 120 ft

 

Heat Type

Forced Air Propane

Chattels Included

Turn key - everything needed to run the convenience store/take out - appliances etc - all stay

Updates & Extras

CIBC pays $800/month to keep their ATM in the store, Bus Depot pays approx. $600/month to have their stop at the store, shingles 5 yrs, end wall gutted & redone 6 yrs ago.  Most equipment updated.  Lottery license has to be re-applied for by the new buyer, updated flooring, walk-out lower level with a commercial front (rental opportunity)

                                           

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