2465 HIGHWAY 518 W, McMurrich/Monteith (Sprucedale)
$350,000
For sale: Other
- Property type
- Commercial Retail
- MLS®
- MLS® X13626150
- Neighbourhood
- Sprucedale
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.
Sold data
Homes in McMurrich/Monteith (Sprucedale) — recent sold market
Homes in McMurrich/Monteith (Sprucedale) took a median of 47 days to sell over the last 730 days, with the quickest quarter selling within 26 days and the slowest quarter taking more than 103, across 49 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 91 days.
The median sale price was $375,000.
Homes sold for about 5.3% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 31% of sellers reduced their price before finding a buyer.
- Median days to sell
- 47
- Median sale price
- $375,000
- Sale-to-list ratio
- 94.7%
- Sold above asking
- 10%
Based on 49 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.
Currently for sale
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