220 Fourth Street, Rainy River, ON

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

Description

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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Property Summary

This commercial located at 220 Fourth Street, Rainy River is currently for sale and has been available on SousaSells for 302 days. This property is listed at $269,900 with an estimated mortgage of $898* per month. It has 0 beds, 1 bathroom, and is unknown square feet. 220 Fourth Street, Rainy River

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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Rainy River.

Great for Small Household / Couples
What We Love About This Home
  • 1 well-appointed bathroom
  • Desirable Commercial architecture in Rainy River
Standout Features & Layout
Who Should Buy This Home?

First-time home buyers, professionals, or investors seeking value.

Target Buyer Match

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

None listed

Interior Features

  • Other

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 220 Fourth Street, Rainy River, ON

Q.What is the asking price for 220 Fourth Street, Rainy River, ON ?

The current listing price for 220 Fourth Street, Rainy River, ON in Rainy River is $269,900.

Q.How many bedrooms and bathrooms does this property have?

This property features null bedrooms and 1 bathroom.

Q.What property type and architectural style is 220 Fourth Street, Rainy River, ON ?

220 Fourth Street, Rainy River, ON is a Commercial () featuring a Yes basement.

Q.What interior features are included in this home?

Interior highlights include: Other.

Q.What heating and cooling systems are installed?

Heating is provided via standard central heat and cooling via Other.

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Location

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220 Fourth Street, Rainy River, ON

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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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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Rainy River.

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Interest Rate4.00%
Down Payment$80,970 (30.0%)
* Minimum Canadian down payment required for this price is $13,495.
Amortization Period30 Years
Estimated Monthly Payment$898Based on a loan of $188,930 over 30 years.
Purchase Price$269,900
Loan Amount$188,930
Provincial Land Transfer Tax:$2,524
Total Estimated Closing Taxes:$2,524

About Purchasing a Home in Rainy River, ON

For a property listed at $269,900 in Rainy River, the legal minimum down payment is $13,495 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 $2,524 for this transaction. As this listing is in Rainy River (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,524.

Rainy River 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$217,200

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%

Best Schools in Rainy River

Elementary Schools

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Secondary Schools

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Rainy River Demographic Home information

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.