493 Main Street, Powassan, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Powassan. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,190,000 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 1 Bathroom
- Premium 87.96 x 164.42 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Building only sale. Positioned in the heart of Powassan's vibrant downtown core, this expansive commercial building offers incredible visibility, flexibility, and opportunity. Boasting approximately 9,705 sq ft in total, including 8,585 sq ft of open retail space, the property is well suited for a wide range of business ventures, investment opportunities, or future redevelopment ideas.The interior features a large open storefront area complemented by multiple office spaces, generous storage areas, a lunch room, and two washrooms, creating a functional layout for retail, service, or commercial use. With two separate main street entrances already in place, there is excellent potential to divide the building into two units for additional income opportunities or multiple tenants.Located along Powassan's main downtown strip with easy highway access, this high-exposure location benefits from steady vehicle traffic, walkability, and strong community presence. A rare opportunity to secure a substantial commercial footprint in a growing small-town market.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 493 Main Street, Powassan, ON P0H 1Z0
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Powassan, ON
For a property listed at $1,190,000 in Powassan, the legal minimum down payment is $238,000 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 $20,275 for this transaction. As this listing is in Powassan (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $20,275.
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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.