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Investment signal

$279,900

247 MAIN STREET

Save this home

Beds

0

Baths

1 full + 1 half

Sqft

Year

Type

Multi-family

Suite

Investment signal

Location nearby

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

About this home

Welcome to 247 Main Street! This building is well situated and easily accesible in downtown Glencoe. Previously used as a professional office and was once home to the Glencoe Library. Zoning allows for a variety of uses including Duplex/Multi-family with possible parking spot. Upper floor is around 906 sqft and 859 sqft downstairs. This Property has been well maintained and is huddled in close to nearby shops, restaurants, and other services. Feel free to contact us for more information or to setup a showing. (id:65958)

Subtype
Multi-family
Architectural style
Raised bungalow
Structure
Duplex
Community
Glencoe
Lot dimensions
38.9 x 91.3 FT
Bedrooms
0 above grade
Parking
0 total
Stories
1
On market
Jun 6, 2025
Status changed
Apr 21, 2026
Annual tax
$1,587
Photos
16
MLS#
X12203614
Area
SOUTHWEST_MIDDLESEX_(GLENCOE)

Features and systems

Parking

No Garage

Basement

Full

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

Concrete
Negative cash flow ~$363/mo at these assumptions

Cash on cash

-7.78%

Cap rate

3.31%

GRM

16.7

Break-even rent

$1,782

Financing

Down payment$55,980
Loan amount$223,920
Mortgage$1,135/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$128
Insurance$80
Maintenance$233
CapEx reserve$117
Vacancy loss$70

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 $1,135/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 21, 2026.

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