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.
Well maintained vacant commercial building for sale formerly used as a multiple unit office complex in Kapuskasing's downtown core. This is an excellent business opportunity with potential for several sources of income due to the separate office spaces, conference spaces that could be individually leased. The main level is presently divided into two rental areas; which are divided into a number of private offices, staff rooms, reception areas, board rooms, meeting rooms, separate full kitchens and washrooms. The lower level consists of two separate rental areas, a number of rooms ranging from office facilities to activity rooms, conference rooms, a full kitchen and laundry facility, a large area formerly known as a drop-in centre, washrooms, mechanical rooms, storage rooms throughout and a separate lower level suite with it's own access. Zoning permits many uses. The mining sector is one of the most prominent in Kapuskasing. Mining employs many residents in the region and several mining supply and service companies have their head office in Kapuskasing. Our strategic location offers many competitive advantages. * Many potential uses possible for this property *
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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$4,050/mo
Mortgage (principal + interest)$2,413
Property taxFrom listing: $19,647/yr$1,637
Minimum $39,500 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$129,000
Ontario land transfer taxProvincial brackets, no first-time refund$9,375
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$141,175
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Kapuskasing 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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