Homula Realty Brokerage
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230 OAKLAND Road, Brant, ON N0E 1R0

Commercial Retail
$999,000

Stand alone commercial retail plaza on over an acre of land, complete with a profitable cannabis store (included), convenience store/lcbo outlet (included), and food truck rental. Located right smack dab in the middle of both the entrance to Willow Lake RV resort and the Waterford Heritage Trail (walking and cycling), making this a prime location to expand your investment portfolio. Tons of potential to grow the business to greater heights with the huge parking lot, pylon signage and natural gas service. Many recent updates to the building and property make its future maintenance costs low. Terrific traffic count (5,000-7,000 vehicles daily) and an expanding local population give increased future demand for this type of property and located just 15 mins from Hwy 403 access. *Vendor financing may be possible. Viewings by private appointment only, please do not go direct and disturb the employees.

MLS number
X13079920
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
N0E 1R0
Photos
20
Property tax
$6,107 / year
132days · 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.

$199,800 · minimum here is $74,900
$4,423.36per month
Borrowed before insurance$799,200
Total borrowed$799,200
Interest over 25 years at 4.5%$527,807

If you rented it out

-$4,932.27per month out of pocket
Rent$0.00
Everything it costs to hold$4,932.27
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 TWIN CITY REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.