Homula Realty Brokerage
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600 Main Street E, Waterloo, ON N1R 5S7

Commercial Retail
$2,995,000

An outstanding opportunity for developers and builders to secure a prime land assembly in one of the city's most rapidly evolving corridors. This mixed-use commercial property offers 0.536 acres of land at the high-traffic intersection of Main Street and Franklin Boulevard - a location that benefits from exceptional visibility, strong daily traffic exposure, and a diverse surrounding mix of residential, commercial, and community facilities. This property is being sold in conjunction with 642 Main Street, creating a combined land assembly that significantly enhances the scope and scale of any future redevelopment project. Whether your plans call for residential, mixed-use, or community-focused development, this assembly provides the footprint and flexibility to bring a meaningful project to life. Zoned M3, the property is well-positioned within a municipality that has introduced new, favourable redevelopment and re-zoning plans specifically for this area - providing developers with a supportive regulatory environment and a clear path forward for approvals and planning. The surrounding neighbourhood continues to see active growth, with new development projects underway across residential and community sectors.

MLS number
X13031690
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
N1R 5S7
Photos
2
Property tax
$7,108 / year
145days · 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

Where this address sits, matched against open government data.

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.

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
Cambridge Farm & Forest SchoolElementary342 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 615 people.

$138,000Median household income
94.6%Own their home
97.4%Detached houses
45.6Median age
23%Born outside Canada
18.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35300813 — the few blocks around this address, home to 615 people. It describes the area, not this property.

615Population
42.7Average age
3.2Household size
$168,000Average household income
$138,000Median household income
95%Own their home
5%Rent
0%Condominiums
23%Born outside Canada
18%University degree
$1,140,000Average home value
3%Low income
60%Not in the labour force
23%Never married
$30,000 to $34,9992%
$50,000 to $59,9993%
$60,000 to $69,9993%
$70,000 to $79,9993%
$80,000 to $89,9995%
$90,000 to $99,9993%
$100,000 and over40%
$100,000 to $124,9998%
$125,000 to $149,9995%
$150,000 to $199,99911%
$200,000 and over17%

Percentages are of the 315 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.

$599,000 · minimum here is $599,000
$13,261.21per month
Borrowed before insurance$2,396,000
Total borrowed$2,396,000
Interest over 25 years at 4.5%$1,582,364

If you rented it out

-$13,853.55per month out of pocket
Rent$0.00
Everything it costs to hold$13,853.55
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 CORCORAN HORIZON REALTY. Listing data provided by the Toronto Regional Real Estate Board.