213 Howey Street, Red Lake, ON
Property Highlights
Welcome to this remarkable commercial located in the coveted neighborhood of Red Lake. Expertly crafted featuring premium metal/steel siding construction, this residence presents an exceptional opportunity offered at $499,000 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 0 Bathrooms
- Premium 209.12 x 63 ft lot size
- Features a yes basement, adding superb versatility for recreation, a home gym, or extra storage
- Notable attributes: Other
- equipped with other central cooling and highly efficient other heating via gas
Description
Stop Right There! Looking for the perfect commercial investment or a space to launch your own business? This versatile building offers TWO commercial units and TWO residential apartments, giving you both income potential and flexibility. Need more space? There's a large storage area that could easily be converted into a third commercial unit—unlock even more value! Whether you're an entrepreneur ready to open shop or an investor looking for steady revenue streams, this property delivers.
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Property Summary
This commercial located at 213 Howey Street, Red Lake is currently for sale and has been available on SousaSells for 1458 days. This property is listed at $499,000 with an estimated mortgage of $1,661* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 213 Howey Street, Red Lake
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 213 Howey Street, Red Lake, ON P0V 2M0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Red Lake, ON
For a property listed at $499,000 in Red Lake, the legal minimum down payment is $24,950 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 $6,455 for this transaction. As this listing is in Red Lake (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,455.
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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.