197-201 Main Street photo 11 / 3

MLS #1294977

197-201 Main Street

Stephenville

$450,000

4,202 sqft
Office
Source Listing

Property Details

Prime mixed-use investment opportunity in the heart of Stephenville. This well-located commercial building features three established business spaces on the main level, providing immediate rental income and strong street exposure in a high-traffic area. Above the commercial units, you’ll find a spacious five-bedroom residential apartment offering generous living space, a full kitchen, and comfortable layout ideal for owner-occupancy or additional rental income. The combination of commercial and residential units creates multiple revenue streams and excellent long-term investment potential. Situated close to shopping, restaurants, and key amenities, this property offers strong visibility, steady tenancy potential, and versatility for investors seeking both commercial and residential income in one solid asset. HST Applicable (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$450,000
Down Payment - 5%$22,500
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$3,381

Mortgage Payment
$2,562
Property Tax
$319
Insurance
$150
Utilities
$350
Down Payment
$22,500
Loan Amount
$427,500
Total Interest
$341,035

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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