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Investment signal

$475,000

117 Clearwater Station Road

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Beds

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Baths

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Sqft

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Year

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Type

Other

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Clearwater. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

This spacious, commercially zoned property offers over 6,000 square feet of interior space, set on just over two acres in a highly visible and central location. The layout is well-suited for a range of commercial uses, including retail, restaurant, or office operations, with plenty of room to customize the space to suit your needs. A detached workshop provides added functionality for storage or additional business use. The property also includes a separate two-bedroom apartment, ideal for owner occupancy, staff housing, or generating rental income. Recent upgrades include a new septic system installed last year and an updated roof, offering peace of mind for future owners. The heating system does require replacement, giving you the chance to choose the best option for your intended use. This is a rare opportunity to acquire a flexible, mixed-use property in a growing area with strong traffic and accessibility—perfect for entrepreneurs, investors, or established businesses looking to expand. (id:65958)

Subtype: Other
Structure: Residential Commercial Mix
Community: Clearwater
Lot size: 2.13 acres
Lot dimensions: 2.13
On market: Oct 21, 2025
Status changed: Apr 24, 2026
Photos: 28
MLS#: 10366307
Area: CLEARWATER

Features and systems

Heating

No heat

Exterior

ConcreteWood

Lot

Corner Site

Utilities

WaterElectricityTelephone

Negative cash flow ~$537/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.78%

Cap rate

3.51%

GRM

16.5

Break-even rent

$2,965

Financing

Down payment$95,000

Loan amount$380,000

Mortgage$1,925/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$218

Insurance$80

Maintenance$396

CapEx reserve$198

Vacancy loss$120

Estimates 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.

Mortgage estimate

Estimated $1,925/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.