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Property Description
Amazing Business Opportunity. Long Established Convenience Store With Established Cliental. Steady Income ATM, Lotto Sales, Full 1000 Sq Foot 2 Bedroom Apartment Above Unit. Either Live And Work Or Rent Out For Additional Income. Basement Undeveloped, Could Be Converted To An Additional Apartment. Potential For LCBO License In 2025.
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Lot Size
50' x 85'
Fronting
West
Taxes
$4,721 (2023)
Basement
Unfinished, Walk-Up
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Available
Garage Type
None
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Port Hope Market Statistics
Port Hope Price Trend
134-132 Victoria St is a 2-bedroom 2-bathroom home listed for sale at $800,000, which is $260,000 (48.1%) higher than the average sold price of $540,000 in the last 30 days (March 31 - April 29). During the last 30 days the average sold price for a 2 bedroom home in Port Hope declined by $115,833 (17.7%) compared to the previous 30 day period (March 1 - March 30) and down $284,400 (34.5%) from the same time one year ago.Inventory Change
There were 7 2-bedroom homes listed in Port Hope over the last 30 days (March 31 - April 29), which is down 22.2% compared with the previous 30 day period (March 1 - March 30) and down 12.5% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Port Hope typically sold ($7,450) (1.4%) below asking price over the last 30 days (March 31 - April 29), which represents a $4,134 decrease compared to the previous 30 day period (March 1 - March 30) and ($30,960) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Port Hope over the last 30 days (March 31 - April 29) stood at 85.7%, up from 66.7% over the previous 30 days (March 1 - March 30) and up from 62.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Port Hope stood at 17 days when successfully sold over the last 30 days (March 31 - April 29), compared to 32 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max West Realty Inc.
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