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Investment signal

$449,900

150 MILL STREET

Beds

Baths

3.2

Sqft

—

Year

—

Location

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About this home

Investment maybe or Are you looking for a building to run your business out of while renting residential apt or 2 upstairs to pay the Mortgage?? This could be for you or anyone looking to invest. Building can have multiple uses with the zoning maybe offices, personal business or endless possibilities. All new windows,2024 water heater & central air makes this a worthwhile investment property. Lower level has multiple rooms that do need finishing, but just think of what you could do!! Second floor has all new flooring to go with the windows, Newly finished Bonus Loft area & 1 big apt. that could easily be made into 2 to maximize the space. Great location with parking in the rear and loads of potential. Have your realtor show you today or give us a call. Building recently severed so awaiting paperwork/survey on this. West side boundry is aprox.8 ft from Side entrance. Building is Res/ Com about 65% Res & 35% Com (id:65958)

Subtype: Single Family
Structure: House
Community: West Grey
Common interest: Freehold
Lot dimensions: 110 FT
Bedrooms: 4 above grade
Parking: 5 total
Stories: 2
On market: Apr 15, 2026
Status changed: Apr 15, 2026
Annual tax: $0
Zoning: C1-192
Photos: 28
MLS#: X13003596
Area: WEST_GREY

Features and systems

Parking

No Garage

Basement

UnfinishedFull

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

Stone

Lot

Conservation/green beltCarpet Free

Negative cash flow ~$302/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-4.02%

Cap rate

5.08%

GRM

12.9

Break-even rent

$3,218

Financing

Down payment$89,980

Loan amount$359,920

Mortgage$2,208/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$206

Insurance$80

Maintenance$375

CapEx reserve$187

Vacancy loss$145

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 West Grey. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $2,208/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 15, 2026.