2465 HIGHWAY 518 W, McMurrich/Monteith

$350,000
2465 HIGHWAY 518 W

$350,000

New
85d
Commercial Retail

2465 HIGHWAY 518 W, McMurrich/Monteith

Total Monthly Obligation $1,787

Beds
0
Baths
0
Park
4
DOM
85d
Property Type-Commercial Retail
MLS® Number-X13626150
Beds-0
Lot Size-150 × 200 ft
Listed on site-Jul 30, 2026
Building Type-Commercial Retail
Parking-None
Heating-None
Brokerage-REAL ONE REALTY INC.
Cooling-No
Fireplace-No
Pool-None
Possession-Immediate
Neighbourhood-Sprucedale
Title-Commercial

No agent assigned

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.

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Closing Costs

Mortgage Amount
$280,000
Land Transfer Taxes$3,725
Legal Fees (Est.)
$
Total cash required for closing$75,225

Total Monthly Obligation

$1,787/mo
Mortgage $1,412
Monthly Loss $1,415
Principal$372
Interest$1,040
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 2465 HIGHWAY 518 W

Time

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