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Foreclosure signalInvestment signal

$299,900

296-300 Main Street

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Beds

—

Baths

—

Sqft

—

Year

1921

Type

Retail

Suite

Suite potential

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Location nearby

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

About this home

Welcome to your next investment opportunity in the heart of Middleton. Offering high exposure and high visibility, this well-located commercial property is perfectly positioned for your next business venture. Previously operated as a café/bistro, the space is well-suited for food service or a variety of other commercial possibilities. Adding even more value are 2 residential opportunities, one two bedroom unit above the main commercial space and another adjoining one bedroom unit creating excellent potential for rental income or a live-work setup. There is an additional residential building, however the condition is unsafe and requires immediate repair. With ample on-site parking and strong street presence, this property offers convenience for both customers and tenants alike. Whether you're an investor looking to expand your portfolio or an entrepreneur ready to bring your vision to life, this property is packed with potential. Being sold as is, where is, with no warranties or guarantees. Dont miss your chance to secure a versatile, income-generating property in a prime Middleton location. (id:65958)

Subtype: Retail
Community: Middleton
Common interest: Freehold
Lot size: 0.19 acres
Lot dimensions: 0.1903
On market: Mar 10, 2026
Status changed: May 7, 2026
Photos: 34
MLS#: 202604206
Area: MIDDLETON

Features and systems

Parking

Parking Space(s)Visitor Parking

Cooling

Heat Pump

Construction

Wood frame

Flooring

OtherWood

Community

High Traffic Area

Security

Smoke Detectors

Positive cash flow ~$472/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

9.44%

Cap rate

6.75%

GRM

10.4

Break-even rent

$1,903

Financing

Down payment$59,980

Loan amount$239,920

Mortgage$1,216/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$137

Insurance$80

Maintenance$250

CapEx reserve$125

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 $1,216/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 23, 2026.