205 Imperial Street, Sables-Spanish Rivers, ON

$214,900
MLS#:X11897949
0 beds
3 baths
Commercial
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Property Highlights

Welcome to this remarkable store w apt/office located in the coveted neighborhood of Sables-Spanish Rivers. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $214,900 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 3 Bathrooms
  • Premium 64.4 x 148.87 ft lot size
  • equipped with yes central cooling and highly efficient propane gas heating

Description

Unlock endless potential with this versatile property, ideal for investors or entrepreneurs! The main floor, previously a bustling restaurant, offers a fantastic space that can easily be brought back to operational status or converted to suit a new business. Its high-visibility location ensures maximum exposure for any venture. The upper floor features a spacious 4-bedroom, 1-bathroom residence, complete with a large outdoor deck perfect for enjoying scenic views. Whether you choose to live in the upper unit or rent it out, this setup offers flexibility and convenience. A full-height basement provides ample storage, catering to both units needs. Utilize the property as a work/live space or maximize income by renting both levels. Don't miss this exceptional opportunity to secure a high-traffic, multi-use property on one of the most traveled routes in the region. The possibilities are endless! **EXTRAS** Selling under Power of sale.

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Key Features

Bathrooms
3
Property Type
Commercial

Additional Details

StatusExtension
Listed Date12/20/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeStore W Apt/Office
Lot Size64.4 × 148.87 Feet
CountySudbury
Annual Tax$2,270.72
Legal DescriptionPCL 14 SEC D270; UNIT 14 PL D270 SALTER; SABLES-SPANISH RIVERS

Parking & Garage

Garage TypeNone

Heating & Cooling

Heat TypePropane Gas
CoolingYes

Features

Property Features

Interior Features

Security Features

Yes

Community Features

Location

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205 Imperial Street, Sables-Spanish Rivers, ON

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 205 Imperial Street, Sables-Spanish Rivers, ON P0P 1P0

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 Sables-Spanish Rivers.

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Interest Rate5.25%
Down Payment$10,745 (5.0%)
* Minimum Canadian down payment required for this price is $10,745.
Amortization Period25 Years
Estimated Monthly Payment$1,217Based on a loan of $204,155 over 25 years.
Purchase Price$214,900
Loan Amount$204,155
Provincial Land Transfer Tax:$1,874
Total Estimated Closing Taxes:$1,874

About Purchasing a Home in Sables-Spanish Rivers, ON

For a property listed at $214,900 in Sables-Spanish Rivers, the legal minimum down payment is $10,745 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 $1,874 for this transaction. As this listing is in Sables-Spanish Rivers (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,874.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Sables-Spanish Rivers.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$402,840

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.