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Foreclosure signalInvestment signal

$1,799,000

201 MAIN STREET

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Location

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About this home

*This UNIQUE brick mixed-use property is for SALE Under Power of Sale As is and Where is Basis*5,055SF footprint fully equipped restaurant with 3,285F three beautifully renovated apartments above, offer strong potential rental income, combining modern comfort with historic charm.*A great investment opportunity awaits you in this well kept century home/business located in downtown of Port Dover which is just a short walk to the sandy beach and all of Port Dover's downtown amenities, pier, Lynn Valley Trail, fishing and canoeing on Lynn river*Previously being used as a Bar/Restaurant business*The list of permitted uses is Attached*This property is zoned a CBD Central Business District (attached)*A partial lake view from second floor* PREDOMINANT EXPOSURE-EAST, REAR ACCESS-LANE, FREE ON STREET, CORNER LOT, ZONED FOR COMMERCIAL USE* NDA Required to review all financials and business-related Documents*TRAFFIC PATTERN-EXTREMELY HEAVY*Property being SOLD Under Power of SALE on "As is & Where is Basis", purchasers are encouraged to complete their own due diligence regarding measurements, zoning, condition and intended use of the property *Information provided is believed to be reliable but not warranted* (id:65958)

Subtype: Retail
Community: Port Dover
Living area: 0
Lot size: 0.14 acres
Lot dimensions: 0.138
On market: Apr 12, 2026
Status changed: Apr 13, 2026
Annual tax: $18,605.68 (2025)
Zoning: Central Business District (CBD)
Photos: 8
MLS#: X12987986
Area: NORFOLK_(PORT_DOVER)

Features and systems

Heating

Forced airNatural gas

Cooling

Partially air conditioned

Negative cash flow ~$3,433/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.45%

Cap rate

3.60%

GRM

16.7

Break-even rent

$12,613

Financing

Down payment$359,800

Loan amount$1,439,200

Mortgage$8,829/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$825

Insurance$80

Maintenance$1,499

CapEx reserve$750

Vacancy loss$450

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 Norfolk (Port Dover). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $8,829/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 13, 2026.