Homula Realty Brokerage
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2 Wellington Street, Newbury, ON N0L 1Z0

Commercial Retail
$295,000

To be clear, the renderings and pics included are just one option for the many that are available to the buyer with a vision for this property. Both legal survey and topographic surveys have been completed. Many options are available in a multitude of different directions. It is located in the Village of Newbury at the corner of Hagerty Road and Wellington Street, approximately one acre of development land zoned Commercial-C1. Seller has a proposed retail development of two buildings of 6,261 square feet. All municipal services are available on Wellington St and Hagerty Rd. Property is exempt from development charges. Amenities include Four Counties Middlesex Hospital and the area's largest Home Hardware. The westerly portion of the lot, municipally known as PT LOT 51,Wellington Street, approximately 1.8 acres has been severed and is zoned R1-Residential. See MLS number X13458232 for details. Property taxes are for both properties. Plan of survey, proposed site plan and a list of permitted uses available upon request.

MLS number
X13457888
Type
Commercial Retail
Status
Active
Bedrooms
Bathrooms
Postal code
N0L 1Z0
Photos
5
Property tax
$4,092 / year
88days · 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.

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 462 people.

$73,000Median household income
79.5%Own their home
100%Detached houses
48.8Median age
7.8%Born outside Canada
7.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35390834 — the few blocks around this address, home to 462 people. It describes the area, not this property.

462Population
45.6Average age
2.4Household size
$74,000Average household income
$73,000Median household income
80%Own their home
21%Rent
0%Condominiums
8%Born outside Canada
7%University degree
$490,000Average home value
12%Low income
84%Not in the labour force
21%Never married
$15,000 to $19,9992%
$20,000 to $24,9996%
$25,000 to $29,9992%
$35,000 to $39,9992%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9996%
$60,000 to $69,9998%
$70,000 to $79,9996%
$80,000 to $89,9994%
$90,000 to $99,9992%
$100,000 and over27%
$100,000 to $124,99913%
$125,000 to $149,9994%
$150,000 to $199,9996%
$200,000 and over6%

Percentages are of the 260 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.

$59,000 · minimum here is $14,750
$1,306.20per month
Borrowed before insurance$236,000
Total borrowed$236,000
Interest over 25 years at 4.5%$155,859

If you rented it out

-$1,647.20per month out of pocket
Rent$0.00
Everything it costs to hold$1,647.20
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 CENTRE CITY REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.