For Sale · Retail

7 OLD HASTINGS ROAD, Hastings Highlands (Monteagle Ward)

7 OLD HASTINGS ROAD, Hastings Highlands (Monteagle Ward), ON K0L2S0

$449,900 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

87%

Lot Size

0.178 ac

About this property

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)

Financial sandbox

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Estimate
Purchase price$450K
Down payment30% · $135K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 7 OLD HASTINGS ROAD, Hastings Highlands (Monteagle Ward).

NDA required
  • 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.