Homes for sale - 37 ONTARIO ST N #1, Lambton Shores, ON N0M 1T0

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Elisa Shannon

elisa_realestate@yahoo.com +1(905) 713-9665

$ 1,499,900

Est. payment | -/mo

9,000 SqFt

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$ 1,499,900

Est. payment | -/mo

Save

9,000 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 9,000 sqft

Price per Sqft $166

Subdivision Grand Bend

MLS Listing ID X11940174

Tax Year 2024

Property Sub-Type Commercial Retail

Property 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 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!

Location

Province ON

County Lambton

Community Grand Bend

Area Lambton

Zoning C2

Rooms

Kitchen 0

Interior

Cooling Yes

Inclusions NET NET Tenants pay all expenses VIA TMI (IN ADDT'N to lease income) & proportionate utility share (IN ADDT'N to TMI), so owner has NO EXPENSES, which is why property taxes are listed $0/yr As they are all covered by the TMI over and above the monthly rent with this is a legitimate commercial income property!

Exterior

Community Features Major Highway, Recreation/Community Centre

Utilities Available Yes

Building

New Construction false

Others

Security Features No

Listed by ROYAL LEPAGE TRILAND REALTY

Elisa Shannon

Agent

+1(905) 713-9665 | elisa_realestate@yahoo.com

37 ONTARIO ST N #1 Lambton Shores, ON N0M 1T0

Elisa Shannon

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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37 ONTARIO ST N #1