Lambton Shores, ON N0M1T0 37 ONTARIO Street N # 1

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Presented By: ROYAL LEPAGE TRILAND REALTY
  • MLS# X11940174
  • 01/24/2025
  • Request Tour
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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!
Presented By: ROYAL LEPAGE TRILAND REALTY

Interior Features for 37 ONTARIO Street N # 1

Bedrooms

Bedrooms

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Elevator?No
Fireplace Y/NNo
Heating Y/NNo

General for 37 ONTARIO Street N # 1

Attached Garage No
Building Area UnitsSquare Feet
CityLambton Shores
Community FeaturesMajor Highway, Recreation/Community Centre
CoolingYes
CountyLambton
Electric On Property Y/NNo
Garage Y/NNo
Heater TypeGas Forced Air Closed
Legal DescriptionUNIT 1, LEVEL 1, LAMBTON STANDARD CONDOMINIUM PLAN NO. 60 AND ITS APPURTENANT INTEREST SUBJECT TO AND TOGETHER WITH EASEMENTS AS SET OUT IN SCHEDULE A AS IN LA65115 MUNICIPALITY OF LAMBTON SHORES
Lot Size UnitsAcres
ModificationTimestamp2025-02-25T19:54:12Z
New ConstructionNo
Occupancy TypeTenant
Property Attached Y/NYes
Property SubtypeCommercial Retail
Property TypeCommercial
Security FeaturesNo
Senior Community Y/NNo
Standard StatusActive
StatusNew
Tax Annual Amount0.0
Tax Assessed Value1049000
Tax Year2024
Unit Number1
UtilitiesYes
Waterfront Y/NNo

Exterior for 37 ONTARIO Street N # 1

Building Area Total9000.0
Garage TypeNone
Lot Size SourceGeoWarehouse
SpaNo

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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Request Info
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