Homula Realty Brokerage
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506206 Highway 89 Highway, Mono, ON L9V 1H8

2 baths · Store W Apt/Office
$2,300,000

Highway Commercial, 2.98 Acres, 3600 sq ft total Lg Store showroom, Offices 2 washrooms w 3 bedroom, one bathroom, 2nd floor Apartment, Shed, 1 car garage lg yard Great exposure on Highway 89/10 coming into Shelburne At Primrose, close to Country Cabin Restaurant, Highland Motel, Garden Centre, Champ Burger, Super Burger, Subway & Petro Canada Plenty of parking & wrap around driveway to the back of the building. Commercial space is 2500 sq ft Covered patio Front entrance comes into the large showroom, with large display windows for natural light. 2nd large showroom both with Warm wood walls. Convenient second Side entrance into the office space with x 2 doors, one covered, has 3 office spaces, plus a lg Reception/office the Hallway which leads into the store showrooms. Many options for rental potential, can be divided up into smaller units or all one main floor user Main floor has several doors into the units and could add more doors if needed. new Gas furnace, Lg back yard that has some trees and space to have outside events, storage etc. One residential 3 bed one bath living quarters/Apartment above. Live and work opportunity. Investment opportunity! Large yard space is open for other opportunity to build, expand or lease out. Second floor was built with Pana-bode style Log construction, out side has Stucco and wood siding, Metal roof, front store Covered porch, Upper Back Deck and front covered deck. Upper unit has Cathedral Wood ceiling with wood beams. Interior Pretty log walls, 1100 sqft Living quarters on the second floor entrance from the back with stairs to a good sized deck. Cathedral ceiling living room with large windows and a gas fireplace. Three good sized bedrooms with large windows, one three piece bath w walk-in glass shower. Self contained laundry room, separate hot water tanks on both levels. Separate Hydro meters for each floor. Air-conditioning on the main level. Forced air natural gas heat on main level Floor plans are in the photos & attached

MLS number
X13768806
Type
Store W Apt/Office
Status
Active
Bedrooms
Bathrooms
2
Postal code
L9V 1H8
Photos
50
Property tax
$10,486 / year
1days · this listing
1days · 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

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.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$460,000 · minimum here is $460,000
$10,183.90per month
Borrowed before insurance$1,840,000
Total borrowed$1,840,000
Interest over 25 years at 4.5%$1,215,171

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.

-$7,224.74per month out of pocket
Rent$3,833.00
Everything it costs to hold$11,057.74
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 MCCARTHY REALTY. Listing data provided by the Toronto Regional Real Estate Board.