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Listed 2 months ago

187 Mill Street

Angus, Essa

$789,900

Detached|1 1/2 Storey
3 | 2 | 6
About this home

HIGH-TRAFFIC LOCATION WITH C2 ZONING, A DETACHED WORKSHOP/GARAGE, & A 1.5-STOREY HOME! Build your business, grow your vision, and secure a property that works as hard as you do with this C2-zoned opportunity in the heart of Angus, featuring a 1.5-storey home and a detached 1,664 sq ft garage/workshop ready to support your next move. Positioned on high-exposure Mill Street with amenities just steps away, this is a strategic address for entrepreneurs, investors, and owner-operators who want strong visibility with the convenience of being close to the town core. Zoning permits a wide range of uses, including retail, personal service, service shops, restaurants, business or professional offices, artist studios, vet clinics, day cares, and auto-related uses. Set on a deep 65 x 229 ft lot with mature trees, a large vegetable garden, and parking for 4+ vehicles, the garage/workshop is a major asset with generous space for equipment, inventory, and work area. On-site living quarters add even more flexibility with a brick and vinyl exterior, dormer windows, and a covered front porch, plus a bright white kitchen with stainless steel appliances, tile backsplash, easy-care flooring, and a walkout to the yard. An adjacent servery area with commercial-grade stainless steel counters, deep prep sinks, and extra refrigeration supports prep-heavy operations, while the office or flex room adds valuable space for admin, client meetings, or a studio-style workspace, making this a versatile property with endless potential for entrepreneurs and investors.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$4,727
Lot Size65.85 ft x 229.22 ft
mls© NumberN13457070
Listed ByRE/MAX HALLMARK PEGGY HILL GROUP REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,043
Property tax
$394
Heat allowance
$150
Housing costs
$4,587 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $157,980
25-yr amortization

Income needed

$141,000

gross annual household income

Payment at 4%
$3,324 / mo
Cash down
$157,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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