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104 2nd AVENUE W
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Biggar · Business · under $200,000. Alerts only send when there are new or meaningfully updated matching homes.
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Looking for a prime investment opportunity? This exceptional commercial property, situated on three lots just off Main Street in Biggar, offers versatility and income potential in a thriving community. With three distinct rental spaces, this fully tenanted property is a rare find. Retail Space: The main floor of this 1912-built, two-storey building features an 840 sq. ft. retail space with 10-foot ceilings, a welcoming storefront, a back storage/work area, and a convenient washroom. It also connects directly to the warehouse for added functionality. Residential Suite: The second floor boasts a newly renovated 840 sq. ft. 1-bedroom apartment with modern finishes, a fenced yard, and a garden shed—an attractive rental option. Warehouse/Workshop: Built in 1975, the 2,112 sq. ft. heated warehouse/workshop is a standout feature. It includes a full concrete floor, concrete loading dock, overhead wood door, gyprocked walls and ceiling, ample lighting, two natural gas ceiling-mounted heaters, and a metal roof. A fenced compound and storage shed provide additional flexibility for secure storage or operational needs. This property combines a strategic location with a mix of retail, residential, and industrial spaces—an excellent investment in a growing community. With tenants already in place, don’t miss this high-potential opportunity. Call today for more information or to schedule a personal 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).
Cash on cash
43.54%
Cap rate
13.57%
GRM
5.9
Break-even rent
$1,109
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
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 Feb 10, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.