2465 HIGHWAY 518 W, McMurrich/Monteith (Sprucedale), Ontario, P0A1Y0
No similar listings for sale right now.
$350,000
McMurrich/Monteith
This retail property in McMurrich/Monteith is for sale offering roughly 6,000 sq ft of space.
Prime Redevelopment Opportunity: Historic 6,000+ SQFT Asset with Grant PotentialCapitalize on this high-potential redevelopment project positioned on an expansive 150' x 200' lot. Formerly the historic Sprucedale School House, this structurally sound 6,000+ sq. ft. building spans two massive levels, complemented by a detached 640 sq. ft. storage facility. Character features, including original hardwood floors, offer unique architectural integration for a premium multi-residential or senior living conversion. The property aligns exceptionally well with lucrative government grants for senior housing infrastructure. Vital environmental due diligence, including the Designated Substances Survey (DSS) and Chimney Swifts Report, will be released to the successful buyer upon contract. Sold "As-Is, Where-Is," this blank-canvas asset is primed for an investor looking to maximize ROI in a high-demand sector. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 96 days on market, against an average age of 77 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 78 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 91.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in McMurrich/Monteith (Sprucedale) 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 $350,000, about 5.1× the local median household income of $68,000.
Carrying it typically needs a household income of about $68,367 (20% down, 25-yr amortization, stress-tested) — roughly 1% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0A)
Pick a time that suits you. A verified local agent confirms within 24h.
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
Inquire about financing →