The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Rare opportunity to own prime commercial mixed-use property in the growing community of Ailsa Craig. Situated on a 0.34 acre lot on Main Street, this property features two well-maintained buildings with strong income and business potential, along with 18 parking spaces. Both buildings feature durable steel roofs. One building is currently operating as a long established automotive repair shop that has serviced the community for decades. The 44' x 70' shop offers approximately 14 foot ceilings, space for up to 4 vehicles, and includes two 10' x 12' bay doors. Additional features include a front reception area, two office spaces with in-floor heating and split-unit air conditioning, a 2 piece bathroom on the main floor, and an upper-level lunch room with additional storage. The shop is also equipped with a backup generator preventing any downtime. The second building is a retail/commercial space located directly on Main Street, offering approximately 2,900 sq. ft. The space is currently leased to a pharmacy providing rental income. Excellent opportunity for investors or owner-operators looking for a versatile commercial property with established tenants and strong visibility.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$3,487/mo
Mortgage (principal + interest)$2,989
Property taxFrom listing: $5,972/yr$498
Minimum $54,900 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$159,800
Ontario land transfer taxProvincial brackets, no first-time refund$12,455
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$175,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. North Middlesex has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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