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367 Memorial Drive
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Beds
—
Baths
—
Sqft
5,240
Year
1975
Type
Retail
On market
1819d
REDUCED, REDUCED Investors take note, price is dropped once again! Commercial building in great shape and offers many opportunities! The owner has closed his business so that empty space of approx. 1400 sq ft., can be used by purchaser, or re-rented ! There is still approx. half of vacant space upstairs, which can accommodate 2 or 3 other small businesses. The upstairs client has been there for approx 25 years, and wishes to remain. On the main level there is also approx. 800 sq feet of space which just became vacant as well, therefore one can occupy the whole main level, or divide into sections. If HST is applicable, then it is purchasers responsibility Owner has done some upgrades since acquiring the building, so a Purchaser could either purchase building simply as an investment, or set up your own business ! Great price for a stand alone building in a great location . (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).
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 May 12, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Clarenville. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.