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102 King Street
Timiskaming Timiskaming P0J 1R0

$1,349,000 /For Sale
Commercial

Main Photo: 102 King Street in Timiskaming: Commercial for sale : MLS®# T12289892
Photo 1: 102 King Street in Timiskaming: Commercial for sale : MLS®# T12289892
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
T12289892
Bus Major:
Gas Station
1.5 million litre sales + approximately $700,000 in ancillary revenues Gas station being offered with 0.80 acres of land in the growing city of Cobalt! Amazing business opportunity with a proven track record of high profitability. Situated on a busy intersection with high traffic volume, the station serves both local residents and travelers, ensuring a steady stream of customers year-round. With annual fuel sales of 1.5 million litres with a strong margin, this station is a top performer in its category. In addition to fuel, the station boasts approximately $700,000 in ancillary revenues, including convenience store items, car wash booth, residential apartment (2+ den), propane and other high-demand products, adding diversity to the revenue stream and increasing the overall profitability of the business. The station is known for its excellent customer service and has built a loyal customer base over the years. With a well-trained staff, the business runs smoothly, and the management system is in place to ensure efficient operations. This is a rare chance to acquire a well-established and highly profitable gas station in North Cobalt, an area that is poised for lots of further growth. With impressive fuel sales, additional high-margin revenue streams, and a prime location, this opportunity offers tremendous potential for continued success. Whether you're an investor looking for a stable cash flow or an entrepreneur seeking to expand into a thriving market, this gas station represents an excellent opportunity. **EXTRAS** Transferable liquor license, 2 car wash bay, propane refill center, lots of storage space, myriad of business growth on 0.80 acre lot, 2 bedroom+den residential apartment upstairs, space for Indian grocery items (in high demand), and more!
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
Yes
Total Area:
34848 sq. ft. Acres
Total Area:
34,848 sq. ft.
Retail Area:
1200 sq. ft. Sq Ft
Depth:
165'
Frontage:
211'8¾"
Water supply:
Municipal
Zoning:
Gas Station
Heating type:
Gas Forced Air Closed
Garage:
None
Possession Details:
Flexible
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$5,400 / 2024
Assessment:
$- / -
Timiskaming
Timiskaming
No
None
Furnace, Hot Water Tank, A/C
Inventory
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
Yes
Gross income:
$2,535,000
Net Income Before Debt:
$400,000
Expenses Actual/Estimated:
Actual
Heating Expenses:
$400
Hydro Expenses:
$800
Insurance Expenses:
$1,000
Management Expenses:
$0
Tax Expenses:
$5,400
Operating Expenses:
$100,000
Other Expenses:
$100
Water Expenses:
$0
Year Expenses:
2023
Maintenace Expenses:
$1,450
Major Business Type:
Gas Station
Category:
With Property
Franchise:
No
Hours Open:
7:00AM - 8:00PM
Employees:
2
Chattels:
Yes
LLBO:
Yes
Seats:
0
Date Listed:
Jul 17, 2025
Original Price:
Previous Price:
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Listed by HOMELIFE/MIRACLE REALTY LTD
Data was last updated July 19, 2025 at 03:15 PM (UTC)
DARYL  KING
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Why Invest in Ontario Commercial Properties

• Strong economic growth and stable property demand
• Access to major highways, transit, and trade routes
• High-traffic locations with retail, industrial, or office potential
• Opportunities in cities like Toronto, Mississauga, Ottawa & beyond
• Suitable for investors, entrepreneurs, and developers

What to Expect from Ontario Commercial Listings

Commercial real estate across Ontario varies by size, use, and location, but commonly features:

• Zoned properties for retail, industrial, office, or mixed use
• Large square footage with flexible layouts
• High-visibility storefronts or warehouse bays
• Ample parking, loading docks, or elevator access
• Nearby transit, highways, and workforce hubs

Start Your Commercial Real Estate Search in Ontario Today

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FAQs – Commercial Real Estate for Sale Ontario

1. What types of commercial properties are available in Ontario?
Ontario offers retail plazas, offices, industrial warehouses, medical offices, restaurants, and development-ready land.

2. Is financing available for commercial real estate in Ontario?
Yes. Commercial financing is available through banks and private lenders, often requiring larger down payments than residential.

3. Are there zoning restrictions on commercial buildings?
Zoning varies by municipality and use. Our team can help you review zoning bylaws to ensure property suitability.

4. Which cities in Ontario are best for commercial investment?
Toronto, Mississauga, Ottawa, Vaughan, and Kitchener-Waterloo are among the most active and profitable commercial markets.