2465 HIGHWAY 518 W
McMurrich/Monteith, ON
- 12,000 sqft
- Commercial Retail
- 49 days on market
Prime Redevelopment Opportunity: Historic 6,000+ SQFT Asset with Grant PotentialCapitalize on this high-potential redevelopment project positioned on an expansive 150' x 200' lot. Formerly the historic Sprucedale School House, this structurally sound 6,000+ sq. ft. building spans two massive levels, complemented by a detached 640 sq. ft. storage facility. Character features, including original hardwood floors, offer unique architectural integration for a premium multi-residential or senior living conversion. The property aligns exceptionally well with lucrative government grants for senior housing infrastructure. Vital environmental due diligence, including the Designated Substances Survey (DSS) and Chimney Swifts Report, will be released to the successful buyer upon contract. Sold "As-Is, Where-Is," this blank-canvas asset is primed for an investor looking to maximize ROI in a high-demand sector.
Listing Details
- Listed
- July 30, 2026
Price History
Property
- Lot Size
- 150 x 200 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- HWY518 / GEORGE ST
- Zoning
- COMMERCIAL GENERAL
- Parcel Number
- 521680187
- Possession
- Immediate
- Occupancy
- Vacant
Included
- Inclusions
- storage building 40 x 16
Community
Postal area P0A
- Population
- 17,822
- Private dwellings
- 14,748
- Median age
- 56.8
- Average household size
- 2.2
- Median household income
- $68,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in McMurrich/Monteith · last 12 months
- Median sold price
- $285,000
- Homes sold
- 25
- Median days on market
- 63
- Sale-to-list price
- 91.6%
Based on 25 recorded sales of commercial properties in McMurrich/Monteith over the last 12 months.
Listed by
REAL ONE REALTY INC.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 12,000 sq ft
- Price per sq ft
- $29.17
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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