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Reduced $5,000 (4%) from $125,000
B05, 260300 Writing Creek Crescent
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Beds
—
Baths
—
Sqft
484
Year
2018
Type
Retail
On market
18d
SHOW AND SELL — PRIME LOCATION AT NEW HORIZON MALL!Exceptional opportunity to own one of the best commercial units in the complex! Unit B05 is perfectly positioned just steps from the stage area and directly by the escalator, offering outstanding visibility and continuous high foot traffic. You simply will not find a better location than this!New Horizon Mall continues to grow as a premier family destination, featuring popular attractions such as Sky Castle Roller Skating Rink and Sky Castle Indoor Playground, bringing more visitors and shoppers to the mall every day.Be your own boss today or secure an excellent investment opportunity in one of the fastest-growing malls in the region. Featuring 484 Sq.Ft. of gross area with TWO separate titles, this unit provides flexibility, value, and tremendous future potential.Long-term tenants currently occupy the space and would love to stay, creating a turnkey investment opportunity with stable income potential from day one.Please do not approach the tenants or ask them any questions directly. All inquiries and showings must be arranged through the listing agent.Prime location • Maximum visibility • High traffic exposure • Family entertainment destination• Excellent future growth potentialBuy now while prices are still low and be part of the exciting future of New Horizon Mall!................... (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
75.43%
Cap rate
19.95%
GRM
4.2
Break-even rent
$812
Financing
Operating expenses (monthly)
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Approximation 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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 4, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Balzac. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.