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124 2 Street W
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Prime opportunity to own a well maintained commercial property located in the thriving downtown core of Brooks. Situated along the main commercial corridor, this property offers excellent visibility, foot traffic, and convenient access for both customers and suppliers.The main building measures 50’ x 80’ with a total of 3,982 sqft on the main floor and a developed basement offering 4,000 sqft of additional space. A 945 sqft attached rear warehouse provides practical storage and workspace, complete with an 8’ x 10’ overhead door for easy loading/unloading. There is also a fenced and gated outdoor storage area measuring 15’ x 27’.Inside, the main level features a large open retail display area, office, storage room and a 2pce bathroom. The lower level offers additional retail display space, a utility and storage areas and a second 2pce bathroom. The rear warehouse includes an ideal inventory storage area along with two more offices, one currently serving as a lunchroom.Updates and features include a membrane roof installed in 2013, ribbed metal cladding on the front of the building, 4 forced-air furnaces, a 40-gallon hot water tank, and 200-amp electrical service.This property presents a rare opportunity for an owner-operator or investor to secure a solid, functional building in a bustling downtown location. (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).
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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 Jun 9, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.