Homula Realty Brokerage
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3969 Matilda Street, West Perth, ON N0K 1E0

Commercial Retail
$369,000

Motivated Seller!! Commercial Building with Multiple Potential Uses! Exceptional opportunity to own a versatile commercial property offering a wide range of potential uses. This well equipped property features a reliable private water and septic system , making it suitable for various commercial or mixed use applications. Commercial building with flexible zoning potential (buyer to verify permitted use). High capacity drilled well in 2014, with new pump installed in 2022. 140 ft drilled well with water capacity of approx. 3000 L per day. New septic system with 300 feet of weeping tile and large 9100 L holding tank. This property offers excellent infrastructure and is well suited for many types of businesses including hair dressing, food service, dog grooming etc. An ideal investment for entrepreneurs and investors as well as those seeking a commercial property with a variety of future uses!

MLS number
X13529168
Type
Commercial Retail
Status
Active
Bedrooms
Bathrooms
Postal code
N0K 1E0
Photos
28
Property tax
$3,194 / year
67days · this listing
67days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home 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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 470 people.

$105,000Median household income
84.4%Own their home
100%Detached houses
36Median age
4.5%Born outside Canada
19%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35400213 — the few blocks around this address, home to 470 people. It describes the area, not this property.

470Population
36.9Average age
3Household size
$124,000Average household income
$105,000Median household income
84%Own their home
16%Rent
0%Condominiums
5%Born outside Canada
19%University degree
$640,000Average home value
2%Low income
19%Not in the labour force
24%Never married
$40,000 to $44,9992%
$50,000 to $59,9992%
$60,000 to $69,9995%
$70,000 to $79,9997%
$80,000 to $89,9997%
$90,000 to $99,9995%
$100,000 and over36%
$100,000 to $124,99911%
$125,000 to $149,9997%
$150,000 to $199,9999%
$200,000 and over9%

Percentages are of the 220 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.

$73,800 · minimum here is $18,450
$1,633.85per month
Borrowed before insurance$295,200
Total borrowed$295,200
Interest over 25 years at 4.5%$194,956

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$1,285.02per month out of pocket
Rent$615.00
Everything it costs to hold$1,900.02
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 Reliable Realty Inc. Listing data provided by the Toronto Regional Real Estate Board.