Homula Realty Brokerage
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19113 Highway 48, East Gwillimbury, ON L0G 1M0

Commercial Retail
$824,900

LOOK NO FURTHER A RARE FIND - the perfect opportunity to live, work, or run your business in one prime location. This large, renovated brick bungalow sits on a generous big lot in a high-visibility location on Highway 48 in Mount Albert. Zoned C3 (Multiple Uses), this rare offering allows for a multitude range of permitted uses including small retail, professional offices, daycare, landscaping business, storage, used car lot, restaurant, etc., and more, with ample parking and room to expand or build additional structures. The property is within walking distance to shopping, community centre, and parks, making it ideal for both residential and commercial needs. A fantastic logistical location with quick access to surrounding areas - 15 minutes to the lake, beach, and fishing, 15 minutes to Newmarket, 20 minutes to Stouffville and Highway 407, and 35-40 minutes to Toronto. A unique, flexible property in a sought-after area. Some Photos AI edited.

MLS number
N13506986
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
L0G 1M0
Photos
10
Property tax
$3,918 / year
75days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Approximate — placed from the postal code, which can cover a block or more.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries are not shown for this listingWe could only place this address to its postal code, which can cover a block or more, and school boundaries often run down the middle of a street. Naming a school boundary from a position that loose would be a guess about a school, so we don’t. Use the board’s own address lookup for this one.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
ASK Online CanadaSecondary525 mNot reported

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,078 people.

$124,000Median household income
100%Own their home
85.3%Detached houses
41.6Median age
13.6%Born outside Canada
17.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35190072 — the few blocks around this address, home to 1,078 people. It describes the area, not this property.

1,078Population
39.6Average age
2.9Household size
$134,500Average household income
$124,000Median household income
100%Own their home
0%Rent
4%Condominiums
14%Born outside Canada
18%University degree
$808,000Average home value
5%Low income
39%Not in the labour force
24%Never married
$15,000 to $19,9991%
$30,000 to $34,9992%
$35,000 to $39,9992%
$40,000 to $44,9991%
$45,000 to $49,9992%
$50,000 to $59,9992%
$60,000 to $69,9993%
$70,000 to $79,9992%
$80,000 to $89,9992%
$90,000 to $99,9994%
$100,000 and over40%
$100,000 to $124,9999%
$125,000 to $149,9997%
$150,000 to $199,99912%
$200,000 and over12%

Percentages are of the 605 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$164,980 · minimum here is $57,490
$3,652.48per month
Borrowed before insurance$659,920
Total borrowed$659,920
Interest over 25 years at 4.5%$435,824

If you rented it out

-$3,978.98per month out of pocket
Rent$0.00
Everything it costs to hold$3,978.98
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX WEST REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.