$499,000
2502 HIGHWAY 518 W
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 McMurrich/Monteith (Sprucedale). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Presenting a rare and strategic investment opportunity, perfectly positioned along the Seguin and OFSC trail systems in Sprucedale, Ontario. As the exclusive waypoint for outdoor enthusiasts between Parry Sound and Algonquin Park, this historic establishment, known as the iconic 'Sprucedale Hotel' offers a high-profile location with exceptional visibility and constant exposure to the region's year-round traffic. The property's commercially zoned main floor currently features a bar, dining room, kitchen area and restroom facilities, providing a solid foundation for operational use. Complementing the ground floor are the second and third levels, which have been stripped to the structural studs which provide a versatile blank canvas, offering a unique opportunity to custom-design the interior to meet a variety of high-potential requirements. Representing a significant piece of local history, and a location with geographic advantage, this property is ready for a visionary owner to capitalize on its unparalleled positioning. Property is being sold in "As-Is, Where Is" condition, buyers to verify intended uses with the Municipality. (id:65958)
- Subtype
- Retail
- Community
- Sprucedale
- Living area
- 6,500 square feet
- Lot size
- 0.19 acres
- Lot dimensions
- 0.189
- Parking
- 10 total
- On market
- Jan 6, 2026
- Status changed
- Apr 23, 2026
- Annual tax
- $3,488.7
- Zoning
- CG
- Photos
- 32
- MLS#
- X12664384
- Area
- MCMURRICH/MONTEITH_(SPRUCEDALE)
Features and systems
Cooling
Lot
Cash on cash
-6.98%
Cap rate
3.47%
GRM
16.6
Break-even rent
$3,111
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 23, 2026.