12 Three Mile Lake Road, Armour, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Katrine. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $80,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 1 Bathroom
- Premium 286 x 250 ft lot size
- equipped with no central cooling and highly efficient propane gas heating
Description
Thriving, turn-key chip truck business with an established 30-year history and loyal Katrine / Little Doe Lake community clientele. Prime, high-traffic riverside location just off the Hwy 11 cloverleaf. Limited nearby dining options helping drive steady local demand plus strong seasonal and pass-through traffic. Currently operated seasonally (May-Oct) with potential to extend the season and/or operate year-round . Seller indicates strong profitability (approx. 32% margin after owner draw). Sale includes two fully equipped mobile chip trucks plus a BBQ/smoker trailer, covered dining area, newer fire suppression & exhaust system, and 9 picnic tables. Second chip truck features electric stainless flat-top grills-ideal for expanding the menu (e.g., breakfast items such as pancakes, bacon & eggs, and more). Low overhead and affordable lease . Owner offers training. Classic Canadian favourites complemented by popular Korean beef dishes, along with sandwiches, plates and wraps.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 12 Three Mile Lake Road E, Armour, ON P0A 1L0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Armour, ON
For a property listed at $80,000 in Armour, the legal minimum down payment is $4,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $525 for this transaction. As this listing is in Armour (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $525.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.