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Investment signal

$529,900

377 ST PHILIPPE STREET

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Baths

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Year

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Type

Office

Suite

Investment signal

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Location nearby

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

About this home

Excellent opportunity in the heart of Alfred! This well-maintained commercial building, currently home to a local pharmacy and formerly the town's doctor's office, offers versatile office or retail space with great visibility right on the main street. Featuring a functional layout and welcoming storefront, this property is ideal for a variety of professional or medical uses. The current tenant is willing to stay, providing an excellent investment opportunity with steady income potential. This building previously housed a well-established family medical practice and would be ideal for a physician looking to take over an existing client base of more than 1,000 patients. Don't miss your chance to own a prime commercial property in a high-traffic location in the vibrant community of Alfred. (id:65958)

Subtype: Office
Structure: Offices
Community: 609 - Alfred
Living area: 1,296 square feet
Lot dimensions: 52.5 x 138.54 FT
On market: Apr 20, 2026
Status changed: Apr 24, 2026
Annual tax: $5,100
Zoning: C-2-1
Photos: 29
MLS#: X13019418
Area: ALFRED_AND_PLANTAGENET

Features and systems

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Negative cash flow ~$616/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

-6.97%

Cap rate

3.47%

GRM

16.7

Break-even rent

$3,298

Financing

Down payment$105,980

Loan amount$423,920

Mortgage$2,148/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$243

Insurance$80

Maintenance$442

CapEx reserve$221

Vacancy loss$133

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 $2,148/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 24, 2026.