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103 Main STREET
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Watrous · Business · under $400,000. Alerts only send when there are new or meaningfully updated matching homes.
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Looking for a great opportunity? This building located on Main Street in the busy town of Watrous offers not only a building with store front and 2 bedroom living quarters but 3 - 1 bedroom suites with shared bath on the lower lever plus a detached garage with workshop area and private off street parking. Building has been constantly updated, most recently with asphalt shingles and new sidewalk/paving/curbing. Store front is accessed from the street and has retail area, treatment room, office and a walk in cooler (currently used as storage). This space could be rented for business space, or converted to a residential suite. Side entrance accesses both up and downstairs, Upstairs at the rear of the building is living quarters with 2 bedrooms, full bath and open kitchen/dining/living room with patio doors to rear deck overlooking the back yard and detached garage. Downstairs you'll find 3 cozy one bedroom suites with a shared 4 pc bathroom. There is also a laundry room and utility room. Outside is a private yard partially fenced with ample parking for all tenants when fully rented. The health market is not included but could be negotiated. Watrous is a thriving community with high demand for rentals, giving this property excellent cash flow potential. Call your agent today to arrange your private viewing! (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Mar 19, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.