$749,000
636 MILL STREET
Beds
—
Baths
—
Sqft
—
Year
—
Type
Retail
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Greater Madawaska. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Move in ready mixed-use investment in the core of Calabogie's busy four-season hub. Positioned for strong exposure and easy access, this property is well suited for investors seeking dependable income today with room to grow tomorrow. The asset includes a tenanted commercial space currently operating as the locally famous OH-EL-LA CAFE , delivering immediate cash flow. A separate retail/office area adds flexibility to secure an additional tenant or expand existing operations, creating further revenue potential which is currently leased to TOM IRWIN ADVENTURE TOURS. The property is also equipped with a covered work or storage area and a secured 40' x 20' caged area, ideal for tenants requiring secure outdoor space for equipment, materials, or vehicles. These features broaden the appeal to contractors, service businesses, and trades, supporting strong occupancy and tenant retention. Above the commercial component is a well-laid-out 3-bedroom, 1-bath residential unit with views over Calabogie. This space offers an additional income stream or the option for owner use, enhancing overall returns and providing operational flexibility. The mixed-use configuration helps diversify income sources and mitigate vacancy risk. Located within one of Eastern Ontario's most active recreational corridors, the property benefits from consistent year-round demand driven by nearby Calabogie Ski Resort, Calabogie Highlands Golf Course, Calabogie motorsports, hiking trails, and lakes. This steady traffic supports both commercial activity and residential rentals. With multiple income channels, adaptable space, and a location tied to ongoing tourism and local growth, this property represents a compelling investment opportunity with both immediate yield and long-term upside. Currently zoned Highway Commercial. Please allow 48 hours irrevocable on all offers (id:65958)
- Subtype
- Retail
- Community
- 542 - Greater Madawaska
- Living area
- 0 square feet
- Lot dimensions
- Bldg=120.26 x 143.7 FT
- On market
- Mar 26, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $5,948 (2025)
- Zoning
- HC
- Photos
- 48
- MLS#
- X12922572
- Area
- GREATER_MADAWASKA
Features and systems
Cooling
Cash on cash
-6.67%
Cap rate
3.53%
GRM
16.6
Break-even rent
$4,627
Financing
Operating expenses (monthly)
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
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.