220 Fourth Street, Rainy River, ON

$269,900
MLS#:X13258510
0 beds
1 baths
Commercial
Commercial for sale - 0 Bed, 1 Bath Home at 220 Fourth Street Rainy River ON listed at $269,900 (MLS# X13258510) - Main View
Price Change
For Sale
Added:Oct 14, 2025(382 days ago)
Updated:Sep 3, 2026(58 days ago)
Last Checked:18 minutes ago

Property Highlights

Welcome to this remarkable commercial retail located in the coveted neighborhood of TB-403. 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 other basement, adding superb versatility for recreation, a home gym, or extra storage
  • Ample parking with 0.0 garage spaces (0.0 total parking spaces)
  • 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 retail located at 220 Fourth Street, Rainy River is currently for sale and has been available for 382 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 is in the TB-403 neighborhood.

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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 TB-403, Rainy River.

Great for Small Household / Couples
What We Love About This Home
  • •1 well-appointed bathroom
  • •Desirable Commercial Retail architecture in TB-403, Rainy River
  • •Convenient parking space for 0.0 vehicle
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
Price$269,900
AddedOct 14, 2025 (382 days ago)
UpdatedSep 3, 2026 (58 days ago)
Last Checked18 minutes ago
Transaction TypeFor Sale
List Office NameCENTURY 21 NORTHERN CHOICE REALTY LTD.

Property Details

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

Parking & Garage

Garage Parking0.0
Garage TypeNone

Heating & Cooling

Heat TypeOther
CoolingOther

Features

Property Features

None listed

Interior Features

  • Other

Security Features

None listed

Community Features

None listed

Property History

No historical data available for this property.

This could be the first listing for this address.

Rainy River Home Buyer Advisory & Market HubActive MLS® Listing in Rainy River, Ontario

Looking to Buy a Home in Rainy River?

If you are looking for a house in Rainy River or researching Rainy River real estate for sale, this commercial retail at 220 Fourth Street, Rainy River, ON offers an exceptional opportunity to buy a home in Rainy River, Ontario. Whether you are a first-time Rainy River home buyer or comparing active Rainy River MLS® homes for sale, working with a dedicated Rainy River buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.

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Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Rainy River realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.

Rainy River Buyer Budget & Costs

Estimated mortgage: $898*/month*. Estimated Ontario Land Transfer Tax: $2,524. First-time Rainy River home buyers may qualify for up to $8,475 in rebates.

Frequently Asked Questions: Buying a Home in Rainy River

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 TB-403, 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 Retail () featuring a Other basement.

Q.What interior features are included in this home?

Interior highlights include: Other.

Q.Is parking available at this property?

Yes, this property offers parking space for 0.0 vehicle (None).

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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Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Tb 403, Rainy River

SAFETY RATING9.4 / 10
Low Incident Area
Total Annual Incidents35 incidents / yr
Average Per Month2.9 incidents / mo
Population BenchmarkArea Average residents
Personal Safety
Very Low

8 assaults (30.0/100k)

Property Security
Very Low

8 B&E (30.0/100k)

Auto Theft Risk
Low Risk

10 thefts (35.0/100k)

1-Year Trend
â–Ľ 6%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: Official Police Services ArcGIS Open Data
Halton & GTA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

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Pricing & Value Insights

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

Estimated Sales Range
$256,000 - $265,000

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.

Configure Loan Settings

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.

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Tb 403, Rainy River Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Tb 403, Rainy River.

Verified Local Data
City Population62,953
City Median Age40.8 Yrs
City Ownership85% Owners
Avg Area List Price$229,175

People & Families

Age Distribution

Household Composition

One-person households
18%
Families with children
50%
Couples without children
28%
Other households
4%

Top Ethnic Origins

English30%
Canadian28%
Scottish22%
Irish21%

Best Schools in Tb 403, Rainy River

Elementary Schools

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Secondary Schools

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Tb 403, Rainy River Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied85%
Rented15%

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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.

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