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Investment signal

$349,000

250 MAIN Street S

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Beds

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Type

Vacant Land

Suite

Investment signal

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Location nearby

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

About this home

Rare opportunity to own a prime vacant commercial lot on Main Street in the heart of Mount Forest. This C1-zoned property offers exceptional exposure in a thriving and growing community, making it ideal for a wide range of commercial uses. Municipal approvals are already in place, including a fully approved site plan agreement and drawings for a proposed mixed-use building featuring commercial space on the main level with residential units above. All preliminary work has been completed—simply obtain your building permit and start construction. Located in a high-traffic, established marketplace within the vibrant town of Mount Forest, known for its strong community amenities and steady population growth, this property presents an outstanding investment opportunity for builders, developers, and business owners alike. (id:65958)

Subtype: Vacant Land
Community: 72 - Mount Forest
Common interest: Freehold
Lot size: 0.15 acres
Lot dimensions: 0.148
On market: Dec 22, 2025
Status changed: Apr 22, 2026
Annual tax: $3,499
Zoning: C1
Photos: 9
MLS#: 40793975
Area: MOUNT_FOREST

Features and systems

Basement

None

Lot

Visual exposure

Community

High Traffic Area

Utilities

Telephone

Positive cash flow ~$189/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

3.25%

Cap rate

5.51%

GRM

12.1

Break-even rent

$2,201

Financing

Down payment$69,800

Loan amount$279,200

Mortgage$1,415/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$160

Insurance$80

Maintenance$291

CapEx reserve$145

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: 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 $1,415/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 22, 2026.