$599,000
25-27 MAIN STREET N
Beds
—
Baths
—
Sqft
2,256
Year
—
Type
Retail
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for North Glengarry. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
A Rare Opportunity in Alexandria! Opportunity is knocking for you to become the proud owner of the historic McLeister House in the heart of Alexandria! This iconic building is bursting with potential, offering a unique blend of residential and commercial spaces, all brimming with charm and character. Once a stunning family home, The McLeister House has been thoughtfully converted into a multi-use building with all areas currently rented. The main floor features a spacious foyer that provides access to two distinct "salon-style" commercial spaces, ideal for a variety of business ventures. Upstairs, youll find additional rentable rooms, offering excellent income potential. At the rear of the building are two separate doors, one leading to an additional commercial space, and the other providing private access to a well-maintained 2-bedroom apartment, which is currently rented, perfect for additional income or as an owner-occupied residence.Also included is the adjacent empty lot 25 Main Street, which could be built on.Whether you're looking to invest in a historic property, run your own business, or capitalize on rental income, the McLeister House offers endless possibilities in a highly sought-after location. Financials available. (id:65958)
- Subtype
- Retail
- Community
- 719 - Alexandria
- Living area
- 2,256 square feet
- Lot size
- 2,256 acres
- Lot dimensions
- 2256
- On market
- Jan 22, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $5,777 (2025)
- Zoning
- Commercial
- Photos
- 44
- MLS#
- X12720254
- Area
- NORTH_GLENGARRY
Features and systems
Heating
Cooling
Cash on cash
-6.82%
Cap rate
3.50%
GRM
16.6
Break-even rent
$3,717
Financing
Operating expenses (monthly)
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
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.