Restaurants for Sale — Powell River, BC
$150,000
6762 CRANBERRY STREET, Powell River, BC
Property details
Structured details
- Lot dimensions
- irregular
Listing Information
- MLS®
- 19807
- Listed
- April 21, 2026
- Time on market
- 147 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
Magpie's Diner is a well-known Powell River staple, now offering a great opportunity to step into an established, turn-key business. Located in the character-filled former Wiltshire's building in Cranberry, this bright and welcoming space benefits from steady local traffic and a classic old-school diner feel. Operating successfully for over a decade, Magpie's has built a strong reputation as a go-to spot for breakfast and lunch. The business is being offered with a favourable lease in place, making it a great fit for someone looking to take over a proven operation without starting from scratch. If you've been thinking about owning a local business in a tight-knit, lifestyle-driven community, this is worth a closer look. (id:63159)
Financing calculator
Estimate your monthly payment on the $150,000 asking price.
Financing details
- Monthly debt service
- $1,456
- Cash required at close
- $55,000
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (Powell River)
- Population
- 13,943(+6% since 2016)
- Population density
- 482.3/km²
- Median household income
- $67,000
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 15.8%
- Postsecondary below bachelor's
- 36.6%
- High school diploma
- 30.7%
- No certificate/diploma
- 16.9%
Population aged 15 and over.
Commute
- Car, truck or van
- 87.1%
- Public transit
- 2.0%
- Walked
- 6.8%
- Bicycle
- 2.1%
- Other
- 2.0%
Commute duration
- Under 15 min
- 71.7%
- 15–29 min
- 17.8%
- 30–44 min
- 5.7%
- 45–59 min
- 1.6%
- 60+ min
- 3.0%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Parks (2)
- D A Evans Park207m
- Cranberry Field468m
Nearby places data: © OpenStreetMap contributors.
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Frequently asked questions
What is the asking price for this restaurant?
The asking price is $150,000.
Where is this business located?
This listing is located in Powell River, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 14, 2026.