NewFor Sale

Unit 1 - 37 ONTARIO Street N
Lambton Shores, Lambton, ON, N0M 1T0

Commercial Retail
TRREB
MLS® Number: X13137424
$1,350,000List Price
Commercial RetailProperty Type
9,000 sq ftSize
For SaleListing Type
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Listing History

Buy/sell history for 37 ONTARIO Street N 1, Lambton Shores, ON N0M 1T0

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Description

**ATTENTION INVESTORS** scoop up an easy 6 CAP with this hassle free GRAND BEND income opportunity just steps to the 3rd best beach in Canada & situated in a high traffic location in one of the fastest growing rural towns in the country! Attention investors in search of a STABLE & SECURE venue to park some money: This young & fresh 9000 SQ FT 3-UNIT/TRIPLE TENANT commercial condo provides reliable fixed term income across 3 separate units generating over $90K per yr collectively on 3 separate term leases, all leased (NET NET on part), w/the healthy TMI/CAM (an additional $60K + UTILITIES) leaving the owner w/ ZERO expenses per yr! As most savvy income-minded investors are aware, successful business tenants in a growing community are likely a safer bet than equities, which is likely the catalyst for the substantial investments that have been made in the Grand Bend area over past 36 months, all simultaneous to more & more families & younger generational buyers migrating to the beach for year round living! Bottom line, the smart money is recognizing this trend & its here in Grand Bend. During the past 4 years alone, there has been approximately 10 X more capital invested on individual property sales for development & investment purposes on commercial & mixed use properties in Grand Bend than the total amount spent on such land & buildings in the previous 20 yrs COMBINED! Why is all of this so crucial for a commercial income property like this one? Because, these trends result in stronger customer bases for the year round commercial tenants at this excellent location! And w/ commercial tenancy, landlord's upkeep responsibilities are minimal + the Commercial Tenancies Act is more landlord friendly than the RTA! This offering provides easy low hassle income in a prime spot w/ everlasting visibility directly across from the Tim Horton's drive thru! Plus, the potential 2 new EV chargers (currently in the approval phase) could generate even more income! 10+ all around!

Features

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Amenities

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Summary

Listing #:X13137424
Property Type:Commercial Retail
Building Age:16-30
Size:9,000 sq ft
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:ROYAL LEPAGE TRILAND REALTY

Rooms

Details

Property

Property Type:Commercial Retail
Community:Grand Bend
Municipality:Lambton

Building

Size:9,000 sq ft
Building Age:16-30

Inside

Bedrooms:0
Bathrooms:0
Kitchens:0
Family Room:No

Parking

Garage Type:None
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Gas Forced Air Closed

Land

Cross Street:Oak Street

$1,350,000

List price

Unit 1 - 37 ONTARIO Street N, Lambton Shores – Commercial Retail for sale