$478,000
Burk's Falls
185 ONTARIO Street, Burk's Falls, Ontario, P0A1C0
This retail property in Burk's Falls is for sale offering roughly 3,800 sq ft of space.
Prime Mixed-Use Investment with VTB Financing in the Heart of Burk's Falls!Unlock exceptional value with this high-visibility commercial and residential building, perfectly positioned in the rapidly growing village of Burk's Falls. This turn-key property is a cash-flow generator featuring two spacious 2-bedroom apartments on the upper level and three high-traffic street-level commercial units.Immediate Rental Income: Fully occupied by reliable, long-term tenants eager to stay, ensuring day-one stability.Value-Add Potential: One vacant commercial space is ready for immediate leasing-ideal for a boutique, professional office, or gift shop serving the bustling year-round local and cottage tourism traffic.Premium Logistics: Ample street parking supplemented by a massive, free municipal parking lot just steps away, plus a massive basement dedicated to commercial or owner storage.Flexible Financing Available: Vendor Take-Back (VTB) Mortgage available under flexible, agreed terms-giving you unparalleled leverage and a smoother path to closing.Rarely do properties with this blend of stability, growth potential, and seller financing hit the market. Schedule your private tour today and secure a cornerstone asset in a booming community! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 98 days on market, against an average age of 57 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 74 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.3 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Burk's Falls is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $478,000, about 7.0× the local median household income of $68,000.
Carrying it typically needs a household income of about $93,370 (20% down, 25-yr amortization, stress-tested) — roughly 37% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0A)
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