Homula Realty Brokerage
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2735 28 Highway, Port Hope, ON L1A 3V6

Commercial Retail
$1,699,000

Great Location, Just North Of Hwy 401 Exit Into Port Hope, 2 Minute Drive To Town. This 90' x 40' 2-Storey Commercial Building Provides Over 7,000 Sq. Ft. Of Total Space! The Main Level Has A Large Meeting/Banquet Hall (38'x59') And Potential Kitchen Area (16'x28'). The Second Floor Contains Several Office Areas And A Large Room (38'x47') With A Stage. Both Floors Have Male and Female Washrooms. High Traffic Location With A Popular Attraction Directly Across The Road, Bringing A Large And Constant Exposure To The Property. Parking For 60+ vehicles! Upgrades Include Replacement Of All Windows, 2 New High Efficiency Trane Furnaces, 2 New Trane AC Units, 2500 Sq Ft Of Hardwood, New LED Lighting Both Floors, New HWT. Attached Is A List Of Approved Uses In The CF Zoning. This Is A Great Opportunity For Many New & Established Businesses!

MLS number
X12966632
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
L1A 3V6
Photos
2
Property tax
$9,272 / year
159days · 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

No previous listings found for this address.

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

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.

Work out the numbers

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

$339,800 · minimum here is $339,800
$7,522.80per month
Borrowed before insurance$1,359,200
Total borrowed$1,359,200
Interest over 25 years at 4.5%$897,641

If you rented it out

-$8,295.47per month out of pocket
Rent$0.00
Everything it costs to hold$8,295.47
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 LPT Realty. Listing data provided by the Toronto Regional Real Estate Board.