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Investment signal

$2,300,000

2370 LAURIER STREET

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Beds

Baths

Sqft

Year

Type

Retail

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Clarence-Rockland. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Prime Corner in the fast growing town of Rockland. Three buildings on a very large lot. Benny's All Day is major tenant plus hair salon and a residential duplex (2 residential tenants). New HVAC. Roof being replaced. Large parking lot at rear. Restaurant business owner is property owner. Gross Income: $168k (per annum). Property taxes, Building Insurance and Utilities (approx. $30k in 2024). Restaurant pays its own utilities. Financials to be provided upon receipt of offer. Great Investment in a booming area. (id:65958)

Subtype
Retail
Community
606 - Town of Rockland
Living area
5,000 square feet
Lot dimensions
117.32 x 144.36 FT
On market
Jul 4, 2025
Status changed
Apr 24, 2026
Annual tax
$14,400 (2024)
Zoning
C2 commercial
Photos
22
MLS#
X12261838
Area
CLARENCE-ROCKLAND

Features and systems

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Lot

Irregular lot size
Negative cash flow ~$2,407/mo at these assumptions

Cash on cash

-6.28%

Cap rate

3.61%

GRM

16.7

Break-even rent

$14,034

Financing

Down payment$460,000
Loan amount$1,840,000
Mortgage$9,323/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,054
Insurance$80
Maintenance$1,917
CapEx reserve$958
Vacancy loss$575

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.

Mortgage estimate

Estimated $9,323/mo at 4.5% with 20% down, 30-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 24, 2026.

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