Homula Realty Brokerage
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280 Bells Lane, Innisfil, ON L0L 1R0

Store W Apt/Office
$1,399,000

Mixed FIVE (5) Unit Commercial/Residential building in Gilford. Minutes to Lake Simcoe and sandwiched between the expanding town of Bradford and the proposed ORBIT development in Innisfil. Bradford bypass interchange (to be completed) will be less than a 10 minute drive providing easy access to Hwy 400 and 404. One of a kind investment opportunity on a an almost 1/3 acre lot with Commercial Village (CV) zoning and two road frontages with separate access. Surrounded by stately homes and multiple property developments both proposed and currently under construction. Get in before it's too late! Commercial consists of two units with shared washroom facilities, organized currently as owner occupied equipment storage (985 sqft) with garage access and a restaurant (1905 sqft) equipped with a certified 10' wide commercial grade ventilation system with fire suppression, built-in drink fridge, serving counter, and walk-in cooler. Restaurant space recently available for lease, good time to choose your own tenants. Residential suites with separate double door entrance on the other side of the building, consists of one 2-bedroom suite with one bath, one 1-bedroom suite, and bachelor on the main level. Excellent setup with all units separately metered for their own hydro, shared coin operated laundry and heated using a newer central boiler system. Commercial space has own HVAC system with no connection to residential suites. Commercial Village (CV) zoning allows for many uses including, but not limited to, medical office, veterinary clinic, day nursery, commercial school, financial institution, funeral home, place of worship, hotel, motel, personal service, pet daycare, art studio, professional office, government offices, bake shop, custom workshop, B&B, and more. High visibility and plenty of parking. Same owner for 20 years has maintained all infrastructure in sound condition with regular fire safety inspections.

MLS number
N13595694
Type
Store W Apt/Office
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
L0L 1R0
Photos
48
Property tax
$2,410 / year
54days · 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 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 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.

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 365 people.

$111,000Median household income
82.8%Own their home
100%Detached houses
51.6Median age
14.3%Born outside Canada
25.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35190066 — the few blocks around this address, home to 365 people. It describes the area, not this property.

365Population
47.8Average age
2.6Household size
$144,000Average household income
$111,000Median household income
83%Own their home
17%Rent
0%Condominiums
14%Born outside Canada
25%University degree
$1,140,000Average home value
9%Low income
76%Not in the labour force
26%Never married
Under $5,0002%
$30,000 to $34,9992%
$40,000 to $44,9992%
$50,000 to $59,9992%
$60,000 to $69,9995%
$70,000 to $79,9995%
$80,000 to $89,9992%
$90,000 to $99,9995%
$100,000 and over37%
$100,000 to $124,9997%
$125,000 to $149,9997%
$150,000 to $199,99912%
$200,000 and over12%

Percentages are of the 215 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.

$279,800 · minimum here is $114,900
$6,194.47per month
Borrowed before insurance$1,119,200
Total borrowed$1,119,200
Interest over 25 years at 4.5%$739,141

If you rented it out

-$6,395.30per month out of pocket
Rent$0.00
Everything it costs to hold$6,395.30
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 MAIN STREET REALTY LTD.. Listing data provided by the Toronto Regional Real Estate Board.