37 ONTARIO St N

Lambton Shores | Grand Bend | N0M 1T0
  • 9000.0 sqft
  • 0 gar

$1,499,900

Est. Mtg $5,085 /mo
  • Days on market

    72

  • Status

    A

Listing Broker ROYAL LEPAGE TRILAND REALTY
Since listed: 0 views

Home details

MLS #:

X11940174

Property type:
Commercial/Retail
Style:
Taxes:
$0
Possession:
Immediate/Flex
Condo Fee:
Lot Size:
X
Zoning:
C2
Use:
Heat:
Gas Forced Air Closd

Description


37 ONTARIO St N, 1, Lambton Shores, Ontario is a Commercial/Retail property in Lambton Shores and in the Grand Bend community in the N0M 1T0 postal code


**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 just over $90K per yr collectively on 3 separate term leases, all NET NET agreements, with the healthy TMI/CAM (an additional $61K + UTILITIES) leaving the owner with 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!.

Extras

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Payment calculator

$5085 monthly. In association with: TD Bank
%
  • Principal and Interest
    5085 /mo
  • Property Taxes
    $0 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Gerry Crokidas, Realtor

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