2465 HIGHWAY 518 W, McMurrich/Monteith, ON P0A 1Y0
Sprucedale, McMurrich/Monteith · Near HWY518 / GEORGE ST · View map
About this home
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.
The home
- Type
- Commercial retail
- Square footage
- 6000 sq ft
- Lot size
- 150 x 200 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Baseboard
Garage & parking
- Driveway spaces
- 4
- Total parking
- 4
Taxes & other
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- Immediate
- Cross street
- HWY518 / GEORGE ST
- Neighbourhood
- Sprucedale
More
- MLS® number
- X13626150
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
2465 HIGHWAY 518 W N/A, McMurrich/Monteith, ON P0A 1Y0
Sprucedale, McMurrich/Monteith · Near HWY518 / GEORGE ST
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Listing history for 2465 HIGHWAY 518 W N/A
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 2465 HIGHWAY 518 W
Answers come straight from this home’s MLS® listing.
How much is 2465 HIGHWAY 518 W listed for, and what would it cost each month?
2465 HIGHWAY 518 W is listed for $350,000. With 20% down ($70,000), the mortgage payment would be roughly $1,412 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1,631 a month, all in. That figure is an illustration, not a quote.
Is 2465 HIGHWAY 518 W freehold or a condo, and is there a monthly fee?
2465 HIGHWAY 518 W is a commercial retail in Sprucedale, McMurrich/Monteith. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 2465 HIGHWAY 518 W have a garage and parking?
The listing does not show a garage. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
What style of home is 2465 HIGHWAY 518 W?
2465 HIGHWAY 518 W is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 2465 HIGHWAY 518 W, and what is the lot size?
The lot is listed as 150 x 200 ft.
How is 2465 HIGHWAY 518 W heated and cooled?
Heating is baseboard. The listing does not show air conditioning.
Where is 2465 HIGHWAY 518 W?
2465 HIGHWAY 518 W is in the Sprucedale community of McMurrich/Monteith. The nearest main intersection is HWY518 / GEORGE ST. The postal code is P0A 1Y0.
Is 2465 HIGHWAY 518 W still for sale?
Yes. It is an active listing (MLS® X13626150). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 2465 HIGHWAY 518 W asking?
Similar properties for sale nearby right now include 15 Axe Lake Road at $358,000, Lot 20 Axe Lake Road at $325,000 and 1238 Star Lake Road at $320,000 (2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 2465 HIGHWAY 518 W N/A sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 2465 HIGHWAY 518 W?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Sprucedale, picked by style, size and price.
Land$358,00015 Axe Lake Road, McMurrich/MonteithMonteithCourtesy of: RE/MAX ALL-STARS REALTY INC.View home →
Land$325,000Lot 20 Axe Lake Road, McMurrich/MonteithMcMurrichCourtesy of: NORTH 2 SOUTH REALTYView home →
Detached home$320,0001238 Star Lake Road, McMurrich/Monteith2 bed · 1 bath · SprucedaleCourtesy of: Coldwell Banker Thompson Real EstateView home →Courtesy of: REAL ONE REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.