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218 Main Street
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Beds
—
Baths
—
Sqft
2,563
Year
1913
Type
Other
On market
235d
Small Town Living with an income Opportunity !! This little hotel has so many things to talk about ! Tons of renos have been done to this historic property , and if you are looking for a move-in and ready to go property with the opportunity for income, this is it ! Main level has a bar area and a an old vault that was made into a big walk-in cooler, bathrooms for both men's and women's has totally been redone , another separate area for games and a kitchen area as well if a restaurant is more your interest ! The upstairs has 6 bedrooms that could be rented out, as it is set up for their own private entrance separate from the bar/restaurant area, for ease of renting. Upstairs also has a a two washrooms and a kitchenette area. The furnace and hot water tank is 1 year old, the outside has been updated and there is also a 15x24 garage in the back, with hardi siding and a roof that's only a few years old. Tons of parking and a nice clean spacious yard. This property has been well kept, loved and is clean and ready to go ~ (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).
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Burdett. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.