No photos available
Investment signal

$549,900

601 BERFORD STREET

Beds

Baths

Sqft

Year

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Opportunity awaits at 601 Berford Street in the heart of Wiarton-formerly known as KGUM BO and now operating as the Wiarton Roadhouse. This well-established mixed-use property offers both commercial and residential income potential in a high-visibility location. The main level features a spacious dining area with seating for up to 50 guests, complemented by a fully equipped commercial kitchen, two commercial washrooms, and ample storage to support day-to-day operations. The lower level adds further versatility with a separate function room that once accommodated up to 30 guests-ideal for private events or expanded service options. Upstairs, a generous 3-bedroom apartment with a full bath provides additional income or owner-occupancy potential.Both the commercial and residential spaces are currently tenanted, offering immediate cash flow for investors. Whether you're looking to expand your portfolio or step into a turnkey opportunity, this property delivers. Reach out to your REALTOR today for more details or to schedule a private showing. (id:65958)

Subtype
Business
Community
South Bruce Peninsula
Living area
3,650 square feet
Lot dimensions
26 x 83 FT
On market
Apr 14, 2026
Status changed
Apr 14, 2026
Annual tax
$2,964
Zoning
C1B
Photos
42
MLS#
X12993624
Area
SOUTH_BRUCE_PENINSULA

Features and systems

Heating

Forced airNatural gas

Cooling

Partially air conditioned
Negative cash flow ~$1,106/mo at these assumptions

Cash on cash

-12.07%

Cap rate

3.48%

GRM

16.7

Break-even rent

$3,914

Financing

Down payment$109,980
Loan amount$439,920
Mortgage$2,699/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$252
Insurance$80
Maintenance$458
CapEx reserve$229
Vacancy loss$138

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $2,699/mo at 5.49% with 20% down, 25-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 14, 2026.

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