249 Ontario Street, Port Hope, ON
Property Highlights
Welcome to this remarkable office located in the coveted neighborhood of Port Hope. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $4,500,000 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 381.76 x 437.19 ft lot size
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Court-appointed receivership of a high-quality medical building in the growing city of Port Hope, Ontario. The building is currently about 61%leased, which offers an investor or end user with substantial upside. While the current In-place NOI is about $18,000, the fully stabilized buildingis projected to be $450,000.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 249 Ontario Street, Port Hope, ON L1A 3Y9
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 Port Hope, ON
For a property listed at $4,500,000 in Port Hope, the legal minimum down payment is $900,000 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 $98,975 for this transaction. As this listing is in Port Hope (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $98,975.
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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.