185 ONTARIO STREET, Burk's Falls

$478,000

For sale: Other

Other at 185 ONTARIO STREET, Burk's Falls
Property type
Commercial Retail
MLS®
MLS® X13626260
Neighbourhood
Burk's Falls

Prime Mixed-Use Investment with VTB Financing in the Heart of Burk's Falls!Unlock exceptional value with this high-visibility commercial and residential building, perfectly positioned in the rapidly growing village of Burk's Falls. This turn-key property is a cash-flow generator featuring two spacious 2-bedroom apartments on the upper level and three high-traffic street-level commercial units.Immediate Rental Income: Fully occupied by reliable, long-term tenants eager to stay, ensuring day-one stability.Value-Add Potential: One vacant commercial space is ready for immediate leasing-ideal for a boutique, professional office, or gift shop serving the bustling year-round local and cottage tourism traffic.Premium Logistics: Ample street parking supplemented by a massive, free municipal parking lot just steps away, plus a massive basement dedicated to commercial or owner storage.Flexible Financing Available: Vendor Take-Back (VTB) Mortgage available under flexible, agreed terms-giving you unparalleled leverage and a smoother path to closing.Rarely do properties with this blend of stability, growth potential, and seller financing hit the market. Schedule your private tour today and secure a cornerstone asset in a booming community!

Sold data

Homes in Burk's Falls — recent sold market

Homes in Burk's Falls took a median of 48 days to sell over the last 730 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 83, across 54 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.

The median sale price was $427,450.

Homes sold for about 5.4% below asking on average, so there was room to negotiate.

About 6% of sales closed above the list price.

Around 30% of sellers reduced their price before finding a buyer.

Median days to sell
48
Median sale price
$427,450
Sale-to-list ratio
94.6%
Sold above asking
6%

Based on 54 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Burk's Falls

Burk's Falls has 1 Fraser Institute–rated school (1 elementary).

Rated schools
1
Elementary
1

Top-rated schools in Burk's Falls

  • Land of Lakes — elementaryFraser rating 3.4/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 185 ONTARIO STREET