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  • 7 Stevens Ave
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7 Stevens Avenue - Marathon Ontario  $425,000

Located on the shores of Lake Superior in the heart of the Boreal Forest, this unique commercial/residential property offers excellent visibility in a high-traffic area and multiple income streams. The property features three well-established leases, including one flexible space that can be used for short-term rentals when vacant, creating additional revenue potential. The upper level offers a 2-bedroom, 1-bathroom residential apartment with a truly one-of-a-kind feature – the original town safe - converted into the primary bedroom’s walk-in closet. The main level includes an established business on one side, a separate driveway, a 1-bedroom apartment with unique interior fixture and a spacious 900 sq ft shop that was once home to a successful woodworking and cabinetry business. With its mix of commercial, residential and flexible rental opportunities, this property is a rare find and a strong investment opportunity.

 

Never been to Marathon?? Marathon, Ontario, incorporated as a town in 1988, population 3,273 (2016 c), 3,353 (2011 c). The Town of Marathon is located in northern Ontario on Lake Superior, 296 km east of Thunder Bay  Check out the website at www.marathon.ca  for more information.

 

Dale Sett RealtorPresented by:

Dale Sett

Realtor

807-630-6212

dale.sett@century21.ca

 

Age

80 yrs

Retail Sq Footage

1485

 

 

 

Office Sq Footage

462

 

Total Sq Footage

4000

Bathrooms

4

 

Parking

2

Area

Marathon

 

Taxes

5211.93 for 2025

Lot Size

  99.60 ft x Irreg.

 

Heat Type

Electric Baseboard

Chattels Included

negotiable

Updates & Extras

Two residential units (2-bedroom currently rented on a long-term lease, ensuring steady income), a newly furnished 1-bedroom unit on street level, ready for new tenants or as an owner-occupied space, one commercial unit, A commercial space with a newly secured tenant - providing additional income stability - and a 30x30 workshop that adds further value and potential for income or personal use.  View of Lake Superior!

 

                                           

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