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636 Mill Street

636 Mill Street

Greater Madawaska, ON

Commercial Retail • 157 days on market

$699,000Price reduced 7%

Move in ready mixed-use investment in the core of Calabogie's busy four-season hub. Positioned for strong exposure and easy access, this property is well suited for investors seeking dependable income today with room to grow tomorrow. The asset includes a tenanted commercial space currently operating as the locally famous OH-EL-LA CAFE , delivering immediate cash flow. A separate retail/office area adds flexibility to secure an additional tenant or expand existing operations, creating further revenue potential which is currently leased to TOM IRWIN ADVENTURE TOURS. The property is also equipped with a covered work or storage area and a secured 40' x 20' caged area, ideal for tenants requiring secure outdoor space for equipment, materials, or vehicles. These features broaden the appeal to contractors, service businesses, and trades, supporting strong occupancy and tenant retention. Above the commercial component is a well-laid-out 3-bedroom, 1-bath residential unit with views over Calabogie. This space offers an additional income stream or the option for owner use, enhancing overall returns and providing operational flexibility. The mixed-use configuration helps diversify income sources and mitigate vacancy risk. Located within one of Eastern Ontario's most active recreational corridors, the property benefits from consistent year-round demand driven by nearby Calabogie Ski Resort, Calabogie Highlands Golf Course, Calabogie motorsports, hiking trails, and lakes. This steady traffic supports both commercial activity and residential rentals. With multiple income channels, adaptable space, and a location tied to ongoing tourism and local growth, this property represents a compelling investment opportunity with both immediate yield and long-term upside. Currently zoned Highway Commercial. Please allow 48 hours irrevocable on all offers

Listing Details

Taxes (2025)
$5,948
Originally Listed
$749,000
Listed
March 23, 2026

Price History

Listing history

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Property

Age
31-50
Lot Size
120.26 x 143.7 Feet

Utilities

Water
Drilled Well

Location & Legal

Cross Street
Mil Street
Zoning
HC
Parcel Number
573510258
Possession
30-59 days

Commercial

Business Type
Other
Occupancy
Owner+Tenant

Included

Exclusions
Cafe improvements/appliances belong to cafe owner
Rental Items
Propane Tanks

Community

Postal area K0J

Population
34,322
Private dwellings
19,885
Median age
52.4
Average household size
2.3
Median household income
$76,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Greater Madawaska · last 12 months

Median sold price
$485,000
Homes sold
75
Median days on market
47
Sale-to-list price
94.8%

Based on 75 recorded sales of commercial properties in Greater Madawaska over the last 12 months.

Listed by

Century 21 Valley Realty Inc.

Location

Commercial figures

Annual property tax
$5,948

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

R

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