220 Fourth Street, Rainy River, ON

$269,900
MLS#:X13258510
0 beds
1 baths
Commercial
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Description

Property Highlights

Welcome to this remarkable [] commercial located in the coveted neighborhood of Rainy River. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $269,900 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 46 x 120 ft lot size
  • Features a ["yes"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • Notable attributes: Other
  • equipped with ["other"] central cooling and highly efficient other heating

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.

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Key Features

Bathrooms
1
Property Type
Commercial

Additional Details

StatusActive
Listed Date10/14/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCommercial
ConstructionConcrete
BasementYes
Lot Size46 × 120 Feet
CountyRainy River
Annual Tax$3,904
Legal DescriptionSee Schedule B to Listing Agreement

Parking & Garage

Garage TypeNone

Heating & Cooling

Heat TypeOther
CoolingOther

Features

Property Features

Interior Features

Other

Security Features

Community Features

Location

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220 Fourth Street, Rainy River, ON

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 220 Fourth Street, Rainy River, ON P0W 1L0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$215,920
Monthly Mortgage$1,255
Property Tax (Est.)$325
Utilities & Maint.$350
Total Monthly Cost$1,930

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Rainy River.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Rainy River.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$269,900

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Robert Moore
Public528 Second Street East, Fort Frances, Ontario, P9A 1N4
2.4
J W Walker
Public475 Keating Avenue, Fort Frances, Ontario, P9A 3K8
6.9
St Mary
Public755 Flinders Avenue, Fort Frances, Ontario, P9A 3L2
4.1

Secondary Schools

Fort Frances
Public440 McIrvine Road, Fort Frances, Ontario, P9A 3T8
3.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.