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$449,900 total
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Asset Class
Retail
Size
—
Building class
A
Zoning
CSC — Shopping Centre
$ / SF
—
Occupancy
87%
Lot Size
0.178 ac
Welcome to 7 Old Hastings Road, in the heart of beautiful Maynooth! This rare multi-use commercial and residential property offers an exceptional opportunity to build your business, generate rental income, and enjoy the lifestyle of one of cottage country's most vibrant and artistic communities. Ideally situated on a high-visibility corner along the main street, this versatile property is perfect for entrepreneurs, investors, or anyone looking to operate a business in a sought-after cottage country destination. The main floor offers a bright and welcoming commercial space featuring large display windows, built-in cabinetry, a kitchen area, and a convenient two-piece washroom. An ideal setting for a retail shop, studio, caf, or service-based business. The property also features three residential units, located on the main and upper levels, consisting of two 2-bedroom apartments and one 1-bedroom apartment. This flexible layout provides the opportunity to live on-site while generating rental income to help offset mortgage costs, or maximize investment potential by renting all three units in this high-demand area. An additional property feature includes a new pump chamber.Conveniently located just 20 minutes north of Bancroft and only 15 minutes from Papineau Public Beach, you'll enjoy easy access to year-round recreational activities, including lakes, trails, Crown land, and a thriving local arts scene that attracts visitors throughout every season. More than just a property, this is an opportunity to combine business ownership, investment income, and the cottage country lifestyle in one incredible location. Take the next step toward business ownership and investment success while enjoying everything cottage country has to offer! (id:66811)
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Monthly debt service
$2K
Projected NOI
$27K
Annual cash flow
$2K
Cash-on-cash
1.30%
DSCR
1.07
Going-in cap
5.93%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
137,872
Households
57,787
Median income
$110,000
Median age
31.1
Daytime population
164,414
5-yr growth
3.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 7 OLD HASTINGS ROAD, Hastings Highlands (Monteagle Ward).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.