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1342 Lorne STREET
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This commercial building presents a fantastic opportunity to either expand an existing business or kick start a new venture in the Warehouse district, a prime location close to Albert and Dewdney Ave. Spanning just over 4,200 sqft, this property offers endless possibilities. The building, complete with off street parking spaces both in front and back, features a convenient overhead door at the rear. Inside, you'll find three spacious and well-laid-out interiors, the main original building includes an office space and 2 bathrooms; 1 is wheelchair accessible for added convenience. A store front area and storage at the back, there are 2 furnaces (1 heats the back and 1 heats the front area) along with 3-phase power. The addition is very spacious and open and was built in 2008. It is equipped with and updated furnace (2025) and an insulated subfloor. Carpet and paint in addition updated in 2024. The original structure has rubber membrane roofing (approx 2016), while the 2008 addition features updated metal roofing on the front portion with asphalt shingles (approx 2008) on the back portion. Updated gutters and downspouts (2024). The back of the addition was closed in to create a workshop that also has its own 2 pc bathroom and radiant heat. It can easily be opened back up to the main area if needed, the carpet you find in the addition is intact and continued into that space to make the transition easy. In front of the building there is a fenced in secure compound that was added and there is a ramp that leads to the door to the addition. Out back there is alley access and overhead door. With the option to utilize one side for your own business operations while renting out the other, there are ample opportunities for revenue generation and flexibility. Don't miss out on this chance to secure a versatile commercial space in a highly sought-after location. Schedule your viewing today and unlock the potential of 1342 Lorne St. (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).
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 May 21, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.