120 ONTARIO Street, Burk's Falls, ON

$378,000
MLS#:X12994510
0 beds
2 baths
Commercial
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Property Highlights

Welcome to this remarkable commercial retail located in the coveted neighborhood of Burk's Falls. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $378,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 2 Bathrooms
  • Premium 149.33 x 131.81 ft lot size
  • equipped with no central cooling and highly efficient gas forced air closed heating

Description

So many opportunities with this renovated century home located on the busy main artery into and out of town. This well maintained building, with it's beautiful architecture, was once a thriving restaurant with outdoor patio. Two long term tenants apartment upstairs, the smaller, studio is vacant. What other possibilities could be within these walls? With ample parking space the main floor could be repurposed as a professional space for a doctor, dentist or other local business. What about a fantastic, high traffic location for a collective of local artists or antique dealers? Maybe convert the main floor into living quarters to expand the rental income or live there yourself? A number of buildings on this main street have done just that. Government subsidies may be available to convert the main floor area of this historic residence. This beautiful building has so many possibilities just waiting for someone to explore them. Huge outdoor patio which could have so many uses depending on the new owner's vision. Maybe it's a communal patio/BBQ space/lunch space for the building tenants or a community garden for the area? There's a welcoming entrance area off of the main street and lots of storage in the basement if needed. A large pylon sign for the building is located on the street and has great visibility. Whatever your plans are, this building can be the start. Burk's Falls is an up and coming community with revival projects in place and easy access to lake country as well as quick access to the highway for the commuter and to service patrons in the area. Come and view this space. It could be exactly what you need!

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Key Features

Bathrooms
2
0
Property Type
Commercial

Additional Details

StatusActive
Listed Date4/14/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeCommercial Retail
Lot Size149.33 × 131.81 Acres
CountyParry Sound
Annual Tax$6,139.72

Parking & Garage

Garage TypeNone

Heating & Cooling

Heat TypeGas Forced Air Closed
CoolingNo

Features

Property Features

Interior Features

Security Features

Partial

Community Features

Recreation/Community Centre

Location

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120 ONTARIO Street, Burk's Falls, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 120 ONTARIO Street, Burk's Falls, ON P0A 1C0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Burk's Falls.

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Interest Rate5.25%
Down Payment$18,900 (5.0%)
* Minimum Canadian down payment required for this price is $18,900.
Amortization Period25 Years
Estimated Monthly Payment$2,140Based on a loan of $359,100 over 25 years.
Purchase Price$378,000
Loan Amount$359,100
Provincial Land Transfer Tax:$4,145
Total Estimated Closing Taxes:$4,145

About Purchasing a Home in Burk's Falls, ON

For a property listed at $378,000 in Burk's Falls, the legal minimum down payment is $18,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,145 for this transaction. As this listing is in Burk's Falls (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,145.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Burk's Falls, Burk's Falls.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$662,535

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.