Homula Realty Brokerage
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32990 Highway 62, Hastings Highlands, ON K0L 2S0

Commercial Retail
$829,000

Welcome to Maynooth ... a charming village known for its antique shops, galleries, artisans, and a gateway of Algonquin Park. For over 100 years, The Arlington Hotel has served the village, providing safe haven for the region's travel-weary guests with its restaurant, bar, patio, and guest rooms. Ready for a family or an entrepreneur to take over, here is the opportunity to acquire a well established business and create a work from home legacy. Multiple income streams include overnight bed and breakfast rooms, long term leased rooms, live music shows, bar licensed for 150 people, passive monthly income of barn rental, food sales, group events, and pizza orders too! The building has been significantly upgraded each year and has approximately 8000 square feet of space to work with. Conveniently located by all the amenities yet only 20 minutes to Algonquin Park, the #PurplePalace is a popular and well known destination for travelers across the seasons.

MLS number
X12934274
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
K0L 2S0
Photos
41
Property tax
$4,322 / year
166days · 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

Where this address sits, matched against open government data.

Matched to a published address point for this address.

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.

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
Maynooth Public School
Hastings & Prince Edward DSB
Elementary231 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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 637 people.

$64,500Median household income
85.2%Own their home
96.5%Detached houses
54.4Median age
5.6%Born outside Canada
13.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35120244 — the few blocks around this address, home to 637 people. It describes the area, not this property.

637Population
47.6Average age
2.2Household size
$79,000Average household income
$64,500Median household income
85%Own their home
15%Rent
0%Condominiums
6%Born outside Canada
14%University degree
$416,000Average home value
18%Low income
98%Not in the labour force
20%Never married
$5,000 to $9,9991%
$15,000 to $19,9994%
$20,000 to $24,9994%
$25,000 to $29,9991%
$30,000 to $34,9994%
$35,000 to $39,9993%
$40,000 to $44,9993%
$45,000 to $49,9996%
$50,000 to $59,9999%
$60,000 to $69,9994%
$70,000 to $79,9996%
$80,000 to $89,9997%
$90,000 to $99,9994%
$100,000 and over22%
$100,000 to $124,9999%
$125,000 to $149,9994%
$150,000 to $199,9994%
$200,000 and over3%

Percentages are of the 345 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.

$165,800 · minimum here is $57,900
$3,670.63per month
Borrowed before insurance$663,200
Total borrowed$663,200
Interest over 25 years at 4.5%$437,990

If you rented it out

-$4,030.80per month out of pocket
Rent$0.00
Everything it costs to hold$4,030.80
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 ROYAL LEPAGE PROALLIANCE REALTY. Listing data provided by the Toronto Regional Real Estate Board.