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Investment signal

$2,300,000

506206 HIGHWAY 89 HIGHWAY

Save this home

Beds

Baths

2

Sqft

Year

Type

Retail

Suite

Investment signal

Location nearby

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

About this home

Highway Commercial, 2.98 Acres, 3600 sq ft total Lg Store showroom, Offices 2 washrooms w 3 bedroom, one bathroom, 2nd floor Apartment, Shed, 1 car garage lg yard Great exposure on Highway 89/10 coming into Shelburne At Primrose, close to Country Cabin Restaurant, Highland Motel, Garden Centre, Champ Burger, Super Burger, Subway & Petro Canada Plenty of parking & wrap around driveway to the back of the building. Commercial space is 2500 sq ft Covered patio Front entrance comes into the large showroom, with large display windows for natural light. 2nd large showroom both with Warm wood walls. Convenient second Side entrance into the office space with x 2 doors, one covered, has 3 office spaces, plus a lg Reception/office the Hallway which leads into the store showrooms. Many options for rental, can be divided up into smaller units or all one main floor user Main floor has several doors into the units and could add more doors if needed. Large back yard that has some trees and space to have outside events, storage etc. One residential 3 bed one bath living quarters/Apartment above. Live and work opportunity. Investment opportunity! Large yard space is open for other opportunity to build, expand or lease out. Second floor was built with Pana-bode style Log construction, out side has Stucco and wood siding, Metal roof, front store Covered porch, Upper Back Deck and front covered deck. Upper unit has Cathedral Wood ceiling with wood beams. Interior Pretty wood log walls. Cozy County 1100 sqft Living quarters on the second floor entrance from the back with stairs to a good sized deck. Cathedral ceiling living room with large windows and a gas fireplace. Three good sized bedrooms with large windows, one three piece bath with walk-in glass shower. Self contained laundry room, separate hot water tanks on both levels. Separate Hydro meters for each floor. Air-conditioning on the main level. Forced air gas heat on main level Floor plans are in the photos and attached. (id:65958)

Subtype
Retail
Structure
Residential Commercial Mix
Community
Rural Mono
Living area
3,600 square feet
Lot size
2.98 acres
Lot dimensions
2.98
On market
Mar 6, 2026
Status changed
Apr 24, 2026
Annual tax
$10,486
Zoning
471 - Commercial
Photos
50
MLS#
X12855782
Area
MONO

Features and systems

Appliances

WasherDryerWater Heater

Heating

Baseboard heaters

Cooling

Fully air conditioned
Negative cash flow ~$2,407/mo at these assumptions

Cash on cash

-6.28%

Cap rate

3.61%

GRM

16.7

Break-even rent

$14,034

Financing

Down payment$460,000
Loan amount$1,840,000
Mortgage$9,323/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,054
Insurance$80
Maintenance$1,917
CapEx reserve$958
Vacancy loss$575

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 $9,323/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.

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