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Investment signal

$340,000

2 MILL 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.

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About this home

Welcome to 2 Mill Street, a prominent landmark property ideally located at the corner of Mill Street and East Front Street in the heart of Stirling. Originally constructed in the late 1800s as a bank, this solid brick building reflects the timeless architecture and enduring craftsmanship characteristic of the era. This unique property offers a rare live-work opportunity, featuring a 1,414 sq. ft. main floor currently configured for professional office or retail use, complete with a welcoming reception area and private workspaces suited to a variety of business needs. The upper level, approximately 1,600 sq. ft., has historically operated as a spacious four-bedroom apartment, providing excellent potential for owner occupancy or additional rental income. The building has been thoughtfully updated to enhance comfort and efficiency, including a new gas-fired boiler installed in 2025 and first floor air conditioning. Its well-preserved brick exterior and adaptive reuse over time make it a standout example of heritage charm blended with modern functionality. Positioned just steps from local attractions such as the Stirling Festival Theatre and the Stirling Grist Mill, this high-visibility downtown location offers both character and convenience. An exceptional opportunity to own a distinctive and flexible property in one of Stirling's most desirable settings. (id:65958)

Subtype
Retail
Structure
Residential Commercial Mix
Community
Stirling Ward
Living area
3,067 square feet
Lot dimensions
49.5 x 122.45 FT
On market
Mar 17, 2026
Status changed
Apr 16, 2026
Annual tax
$5,400 (2026)
Zoning
UC
Photos
32
MLS#
X12892952
Area
STIRLING-RAWDON_(STIRLING_WARD)

Features and systems

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Lot

Irregular lot size
Negative cash flow ~$50/mo at these assumptions

Cash on cash

-0.87%

Cap rate

5.71%

GRM

11.8

Break-even rent

$2,452

Financing

Down payment$68,000
Loan amount$272,000
Mortgage$1,669/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$156
Insurance$80
Maintenance$283
CapEx reserve$142
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: 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 Stirling-Rawdon (Stirling Ward). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $1,669/mo at 5.49% with 20% down, 25-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 16, 2026.

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