Homula Realty Brokerage
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159 Colonel Talbot Road, Norfolk, ON N4G 4G9

Commercial Retail
$799,900

Established automotive repair facility offering an excellent opportunity for an owner/investor. The property features a functional garage layout with 5 service bays, 4-10feet x 10 feet and 1- 10 feet x 11 feet, ample parking, and space suitable for a range of automotive repair and maintenance services. Conveniently located with excellent visibility. Approximately 2700 Sqft wok space and 400 Sqft office, parts and reception area. New LED lighting installed in work area 2026. Selling "as is, where is" condition. No Water currently. (A new water source will need to be installed).

MLS number
X13704756
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
N4G 4G9
Photos
16
Property tax
$8,761 / year
23days · 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.

Matched to a published address point for this address.

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 511 people.

$90,000Median household income
82.1%Own their home
100%Detached houses
29.8Median age
22.8%Born outside Canada
6%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35280293 — the few blocks around this address, home to 511 people. It describes the area, not this property.

511Population
33.9Average age
3.5Household size
$104,000Average household income
$90,000Median household income
82%Own their home
18%Rent
0%Condominiums
23%Born outside Canada
6%University degree
$610,000Average home value
9%Low income
56%Not in the labour force
29%Never married
$20,000 to $24,9995%
$25,000 to $29,9992%
$30,000 to $34,9992%
$40,000 to $44,9992%
$50,000 to $59,9997%
$60,000 to $69,9995%
$70,000 to $79,9995%
$80,000 to $89,9995%
$90,000 to $99,9992%
$100,000 and over32%
$100,000 to $124,99910%
$125,000 to $149,9995%
$150,000 to $199,99912%
$200,000 and over5%

Percentages are of the 205 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.

$159,980 · minimum here is $54,990
$3,541.78per month
Borrowed before insurance$639,920
Total borrowed$639,920
Interest over 25 years at 4.5%$422,615

If you rented it out

-$4,271.87per month out of pocket
Rent$0.00
Everything it costs to hold$4,271.87
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 T.L. Willaert Realty Ltd Brokerage. Listing data provided by the Toronto Regional Real Estate Board.