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41 Main STREET
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Lanigan · Retail · under $550,000. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to an exceptional opportunity in the heart of Lanigan! This commercial retail property, boasting expansive land and substantial buildings, is perfectly suited for a hardware store or similar retail enterprise. With a total land area of 39,000 square feet and buildings totaling 11,072 square feet, this property offers ample space for various business endeavors. Features: Prime Location: Situated on Main Street, this property enjoys high visibility and convenient access, ensuring steady foot traffic and easy customer reach. Spacious Land: With 39,000 square feet of land, there's plenty of room for parking, expansion, or outdoor display areas to showcase merchandise. Large Buildings: The total building area of 11,072 square feet provides ample space for retail displays, storage, offices, and more. Proven Track Record: Previously operated as a lucrative lumber and hardware store, this property comes with a successful business history, making it an ideal investment opportunity. Versatile Usage: Suitable for a hardware store, lumberyard, home improvement center, or any retail venture looking for a spacious and well-located property. Additional Information: Zoning: Commercial zoning allows for various retail and commercial uses, providing flexibility for business operations. Community: Lanigan is a vibrant community with a growing population, offering a supportive environment for businesses to thrive. Accessibility: Conveniently located near major roadways and public transportation, ensuring easy access for customers and suppliers alike. Don't miss out on this rare chance to own a prime commercial property in Lanigan! Whether you're an established retailer looking to expand or an entrepreneur seeking a lucrative investment, 41 Main Street offers endless possibilities. Contact a Realtor® today to schedule a viewing and seize this opportunity to elevate your business to new heights! (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).
Cash on cash
-7.03%
Cap rate
3.46%
GRM
16.7
Break-even rent
$3,117
Financing
Operating expenses (monthly)
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Approximation 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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 Mar 4, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.