1 / 3
Investment signal

$25,000

213 Centre Street

Beds

Baths

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.

Open full map

About this home

Prime opportunity in the heart of downtown Vulcan! This 25’ x 115’ Retail/Commercial zoned vacant lot offers excellent visibility and strong pedestrian traffic, making it an ideal location for a variety of business ventures. Situated along Centre Street, this property benefits from consistent foot traffic and proximity to established local businesses and amenities. Services are present on the lot, providing a starting point for future development. Whether you’re looking to build a new retail space, office, or investment property, this centrally located parcel offers outstanding potential. Please note: any accepted offer is subject to the buyer entering into a development agreement with the Town of Vulcan within one year of purchase and construction to begin with 12 months of development agreement being signed. (id:65958)

Subtype
Vacant Land
Common interest
Freehold
Lot size
266.85 square meters
Lot dimensions
266.85
On market
Apr 14, 2026
Status changed
Apr 14, 2026
Annual tax
$345.44 (2025)
Zoning
C-1
Photos
3
MLS#
A2301774
Area
VULCAN

Features and systems

Lot

Back lane
Positive cash flow ~$2,035/mo at these assumptions

Cash on cash

488.30%

Cap rate

103.55%

GRM

0.9

Break-even rent

$258

Financing

Down payment$5,000
Loan amount$20,000
Mortgage$123/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$11
Insurance$80
Maintenance$21
CapEx reserve$10
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 Vulcan. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $123/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 14, 2026.

We use a single cookie to remember if you’ve dismissed this notice and a no-PII analytics ping. By using this site you consent. Privacy.