
List Price: $1,499,900
37 ONTARIO Street, Lambton Shores, N0M 1T0
- By ROYAL LEPAGE TRILAND REALTY
Commercial Retail|MLS - #X11940174|New
Bed
Bath
9000 Sqft.
None Garage
Client Remarks
**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!
Property Description
37 ONTARIO Street, Lambton Shores, N0M 1T0
Property type
Commercial Retail
Lot size
N/A acres
Style
Approx. Area
9000 Sqft
Home Overview
Last check for updates
Virtual tour
N/A
Basement information
Building size
9000
Status
In-Active
Property sub type
Maintenance fee
$N/A
Year built
2024

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37 ONTARIO Street, Lambton Shores, N0M 1T0Nearby Places

Shally Shi
Sales Representative, Dolphin Realty Inc
English, Mandarin
Commercial PropertiesProperty Management
Mortgage Information
Estimated Payment
$0 Principal and Interest
Walk Score for 37 ONTARIO Street

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