Welcome to this remarkable commercial retail located in the coveted neighborhood of Port Perry. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $18 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.
Establish your restaurant at the absolute centerpiece of Port Perry's most high-profile corner, this highly visible 930-square-foot retail unit offers an unmatched, turnkey opportunity for restaurateurs, franchise operators, or food entrepreneurs looking to capture a thriving market. Anchored in a bustling commercial plaza at Port Perry's highest-profile intersection Scugog & Water Streets, ensuring a steady stream of vehicular and pedestrian traffic day and night. Located directly across the road from Lake Scugog, you capture local residents plus thousands of tourists. Unlike downtown street-front locations, this site features a large dedicated parking lot, providing ultimate convenience for dine-in guests, quick take-out pickups,and delivery drivers.Rent is $18 per square foot plus $8 per square foot TMI. A $8,000 security deposit is required to successful Tenant. Previously home to a long-running, highly successful Chinese take-out restaurant, the space is already primed for food service operation, significantly reducing your upfront capital expenditure and shortening your timeline to grand opening. Equipped and ready for food preparation, allowing you to transition seamlessly into operation. There is a high-capacity walk-in cooler already installed to handle all your cold storage needs.Tap into a loyal local demographic and a booming tourist trade in one of Durham Region's most highly sought-after communities.
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No
Major Highway, Recreation/Community Centre
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 24 Water Street, Scugog, ON L9L 1J1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Scugog.
About Purchasing a Home in Scugog, ON
For a property listed at $18 in Scugog, the legal minimum down payment is $1 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 $0 for this transaction. As this listing is in Scugog (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $0.
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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.