Homula Realty Brokerage
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133 Dundas Street W, Zorra, ON N0M 2M0

1+4 beds · 4 baths · 3+1 kitchens · 10+7 rooms · 5 parking spaces · 1500-2000 sq ft · Triplex
$635,000
Property tax
$3,522 / year

An excellent opportunity in the growing and increasingly sought-after village of Thamesford. Situated on the main street and surrounded by established commercial businesses, this property offers an ideal location for an investor, entrepreneur, or owner-occupier looking to take advantage of the communities continued growth. Currently zoned commercial and being utilized as a legal non-conforming residential triplex, the property offers 3 rental units: two two-bedroom units and one one-bedroom unit, providing multiple income streams. There's also an additional Airbnb unit that is occasionally rented offering further income potential. For an owner-user, this property presents an exciting opportunity to live on-site while operating a business from the front of the building. With renovations and some vision, the property could be transformed to suit a variety of commercial, residential, or mixed-use possibilites, subject to the appropriate municipal approvals. Ample parking available with some minor modifications to the property. Thamesford is experiencing significant growth with substantial residential development planned for the community. Whether you are looking to expand your investment portfolio, establish your own business, or create an owner occupied live-work property, this one deserves a closer look. All meas. approx. and taken from MPAC and Seller. Also MLS #X13642234

MLS number
X13720462
Type
Triplex
Status
Active
Bedrooms
5
Bathrooms
4
Postal code
N0M 2M0
Photos
7
Laundry
Not in the unit
18days · 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

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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 1,306 people.

$122,000Median household income
93.5%Own their home
76.8%Detached houses
38.4Median age
9.1%Born outside Canada
25.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35390883 — the few blocks around this address, home to 1,306 people. It describes the area, not this property.

1,306Population
38Average age
2.7Household size
$129,500Average household income
$122,000Median household income
94%Own their home
7%Rent
5%Condominiums
9%Born outside Canada
26%University degree
$752,000Average home value
3%Low income
44%Not in the labour force
18%Never married
$20,000 to $24,9991%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9991%
$45,000 to $49,9991%
$50,000 to $59,9992%
$60,000 to $69,9994%
$70,000 to $79,9995%
$80,000 to $89,9993%
$90,000 to $99,9993%
$100,000 and over40%
$100,000 to $124,99910%
$125,000 to $149,9997%
$150,000 to $199,99914%
$200,000 and over8%

Percentages are of the 770 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.

$127,000 · minimum here is $38,500
$2,811.64per month
Borrowed before insurance$508,000
Total borrowed$508,000
Interest over 25 years at 4.5%$335,493

If you rented it out

-$3,105.14per month out of pocket
Rent$0.00
Everything it costs to hold$3,105.14
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 a-b Realty Ltd Brokerage. Listing data provided by the Toronto Regional Real Estate Board.