$378,000
120 ONTARIO STREET
Beds
—
Baths
2
Sqft
—
Year
—
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
So many opportunities with this renovated century home located on the busy main artery into and out of town. This well maintained building, with it's beautiful architecture, was once a thriving restaurant with outdoor patio. Two long term tenants apartment upstairs, the smaller, studio is vacant. What other possibilities could be within these walls? With ample parking space the main floor could be repurposed as a professional space for a doctor, dentist or other local business. What about a fantastic, high traffic location for a collective of local artists or antique dealers? Maybe convert the main floor into living quarters to expand the rental income or live there yourself? A number of buildings on this main street have done just that. Government subsidies may be available to convert the main floor area of this historic residence. This beautiful building has so many possibilities just waiting for someone to explore them. Huge outdoor patio which could have so many uses depending on the new owner's vision. Maybe it's a communal patio/BBQ space/lunch space for the building tenants or a community garden for the area? There's a welcoming entrance area off of the main street and lots of storage in the basement if needed. A large pylon sign for the building is located on the street and has great visibility. Whatever your plans are, this building can be the start. Burk's Falls is an up and coming community with revival projects in place and easy access to lake country as well as quick access to the highway for the commuter and to service patrons in the area. Come and view this space. It could be exactly what you need! (id:65958)
- Subtype
- Retail
- Community
- Burk's Falls
- Living area
- 3,200 square feet
- Lot size
- 149.33 acres
- Lot dimensions
- 149.33
- On market
- Apr 14, 2026
- Status changed
- Apr 14, 2026
- Annual tax
- $6,139.72
- Zoning
- C1
- Photos
- 20
- MLS#
- X12994510
- Area
- BURK'S_FALLS
Features and systems
Appliances
Heating
Cooling
Cash on cash
-4.78%
Cap rate
4.93%
GRM
13.1
Break-even rent
$2,717
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Burk's Falls. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.