Value Add$82KAppreciation$17KPost Typical Renovation
Estimated value$849K$149K over comp median
Combining 1901 Monkton Rd (3,496 sqft) with 1905 Monkton Rd creates a strategic assembly. By converting 1905 into dedicated parking, you resolve the primary bottleneck for the 1861 historic building's commercial viability.
Estimated Combined Value
| Metric | Estimate |
| :--- | :--- |
| 1901 Market Value (Baseline) | $625,000 |
| 1905 Market Value (Adjusted) | ~$250,000 - $300,000 |
| Total Assembled Value | $950,000 - $1,100,000+ |
Note: Estimates reflect market comps and improved utility.
Strategic Considerations:
Highest & Best Use: The assembly shifts the asset from a standalone historic structure to a functional commercial compound. In this corridor, parking is a premium amenity that commands a significant valuation multiplier.
Exit Premium: A turnkey, parking-compliant commercial property in this school district (10/10 rating) with NCR Trail access captures a niche buyer pool that a land-locked property cannot reach.
By securing the adjacent lot, you effectively de-risk the investment, potentially justifying an asking price at the higher end of the local commercial range.