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113 Railway AVENUE W
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Watson · Retail · under $250,000. Alerts only send when there are new or meaningfully updated matching homes.
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Exceptional Retail Opportunity – Prime Highway Exposure in Watson Welcome to Harvest Time Eatery. Although this highly regarded market is known for its home-style cooking and popular canning offerings, the location is ideal for a variety of retail businesses. Located in the heart of Watson, this building offers a great opportunity for retail sales or eatery at a fantastic location. Strategically positioned along Highway #5, the property enjoys outstanding visibility and steady traffic flow. Conveniently situated directly across from a highway pullout designed to accommodate large transport trucks and RVs. This location presents excellent exposure and accessibility for travelers and commercial drivers alike. The current owner has invested significant capital into upgrading the building, resulting in a clean, efficient, and fully functional operation. The inviting dining area seats approximately 25 guests and offers a warm, welcoming atmosphere that keeps patrons returning but is open to be easily converted into a gym, coffee shop, or other sales. An added bonus is the comfortable attached living quarters, eliminating the need for separate accommodation and enhancing operational convenience. Whether you are expanding your portfolio or entering the retail/hospitality business, this property represents an outstanding retail investment opportunity in a high-visibility location. The building only is for sale and is set up for a food use but can be converted into many types of retail with great visibility. Contact us today for further details or to schedule a 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).
Cash on cash
25.46%
Cap rate
9.96%
GRM
7.6
Break-even rent
$1,418
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 Mar 10, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.