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Lot 9 + 10 16TH Street E, Owen Sound, ON N4K 5N3

Commercial Retail
$20,000,000

BIG BOX RETAIL AND HIGH DENSITY RESIDENTIAL DEVELOPMENT SITE. TRUNKLINE WATER AND SEWERS EXTENDED ACROSS REAR AND SIDES OF PROPERTY. 120 RESIDENTIAL CONDO"S TO BE BUILT ACROSS THE STREET WITH NEW SIGNALIZED TRAFFIC LIGHTS. PROPOSED ZONING IN OFFICIAL PLAN " EAST CITY COMMERCIAL " WHICH INCLUDES HIGH DENSITY RESIDENTIAL AND BIG BOX RETAIL DEVELOPMENT. CURRENTLY ZONED 8 ACRES C2-1 COMMERCIAL AND 25 ACRES M2-1 INDUSTRIAL. OVER 800 FEET FRONTAGE ON 16TH STREET (HWY 26) AND 800 FEET FRONTAGE ON AN UNOPENED ROAD IN INDUSTRIAL PARK. ACROSS THE ROAD FROM NEW FRESHCO GROCERY STORE. NEW UHAUL MOVING AND STORAGE BEING BUILT ADJACENT TO PROPERTY. BESIDE VAN DOLDER HOME IMPROVEMENT. ACROSS THE STREET FROM WALMART, HOMEDEPOT, WINNERS, HOMESENSE, PRINCESS AUTO, MICHAELS, BURGER KING, ETC. NUMEROUS RESIDENTIAL SUBDIVISIONS BEING BUILT IN THIS AREA INCLUDING A NEW CATHOLIC SCHOOL FOR 1200 STUDENTS. DETAILED PROPERTY INFORMATION LOCATED IN THE ATTACHMENTS.

MLS number
X13533752
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
N4K 5N3
Photos
3
Property tax
$604 / year
68days · 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.

$4,000,000 · minimum here is $4,000,000
$88,555.67per month
Borrowed before insurance$16,000,000
Total borrowed$16,000,000
Interest over 25 years at 4.5%$10,566,702

If you rented it out

-$88,606.01per month out of pocket
Rent$0.00
Everything it costs to hold$88,606.01
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 CENTURY 21 ATRIA REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.