Lambton Shores, ON N0M1T0 1 - 37 ONTARIO STREET N

$1,499,900

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Presented By: ROYAL LEPAGE TRILAND REALTY

MLS# X11940174
01/24/2025

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SQFT • 9,000

Home Details

**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! (id:7434)

Presented By: ROYAL LEPAGE TRILAND REALTY

Interior Features for 1 - 37 ONTARIO STREET N

Other Interior Features

Building Fireplace PresentFalse

Building Heating FuelNatural gas

Building Heating TypeForced air

General for 1 - 37 ONTARIO STREET N

AmenitiesHighway, Recreation

Building Age16 to 30 years

Building Cooling TypeFully air conditioned

Building TypeRetail

CommunityNameGrand Bend

Location DescriptionMap to 37 Ontario St North, Grand Bend, ON - situated adjacent to the Tim Hortons drive thru & featuring loads of tenant parking & fully accessible entrances done to code!

Property TypeRetail

Zoning DescriptionC2

Exterior for 1 - 37 ONTARIO STREET N

Land Amenities Highway, Recreation

Additional Details

Zayd Hamamiyah

Realtor ®, BBA Hon.

Price $1,499,900

MLS#X11940174

List Date 01/24/2025

Property Type Commercial

Phone 289.816.2923

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Lambton Shores, ON N0M1T0 1 - 37 ONTARIO STREET N

$1,499,900

Home Details

Interior Features for 1 - 37 ONTARIO STREET N

Other Interior Features

General for 1 - 37 ONTARIO STREET N

Exterior for 1 - 37 ONTARIO STREET N

Additional Details

Zayd Hamamiyah

Similar Properties to 1 - 37 ONTARIO STREET N

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