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    For Sale - 115 Grenville Way, Merrickville-Wolford, Ontario

    Est payment $10,564/mo
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    Views   2
    Time on Jump  62 day

    AI Summary *

    • Purpose-built commercial property with reliable cash flow and strong tenant stability.
    • 9,000 sq. ft. warehouse fully leased to a long-term tenant for steady income.
    • Only fitness center in town, attracting strong membership and consistent traffic.
    • Current rental income of approximately $102,000 annually with upside potential.
    • Opportunity for expansion with tenant willing to lease additional space.




    115 grenville way presents a rare opportunity to acquire a purpose-built commercial investment property offering dependable cash flow, strong tenant stability, and immediate upside through future expansion. The property consists of approximately 12,000 square feet of custom-built commercial space situated on a generously sized lot with ample parking and excellent accessibility. The building is comprised of a 9,000-square-foot warehouse and a 3,000-square-foot fitness facility, creating a diversified income stream supported by established long-term tenants. The warehouse component is fully leased to a long-term tenant, providing reliable occupancy and stable rental income. Complementing the industrial space is the town's only fitness center, a well-established and highly active business that has become an essential service within the merrickville community. The gym enjoys strong membership levels, consistent traffic, and limited competition, positioning it for continued success. Current rental revenue totals approximately $8,500 per month, providing immediate income from closing. Investors will appreciate the property's built-in value-add component, as the owner is willing to construct additional square footage for the fitness facility. The tenant has indicated a willingness to lease the expanded space and pay additional rent, creating a clear pathway to increased revenue and enhanced property value. Investment highlights 9,000 sq. Ft. Warehouse leased to a long-term tenant 3,000 sq. Ft. Fitness facility occupied by merrickvilles only gym current rental income of approximately $102,000 annually opportunity to increase revenue through planned gym expansion strong tenant retention and established occupancy history custom-built facility with modern functionality and durable construction ample parking and efficient site layout excellent access from a major roadway. Tenants pay all expenses except building insurance.
    Listing IDX13458216
    Address115 Grenville Way
    CityMerrickville-Wolford, Ontario
    Price$2,199,998
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling Propane Gas

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    Listing Agency:  RE/MAX HALLMARK REALTY GROUP

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    115 Grenville Way
    Merrickville-Wolford , Ontario
    $2,199,998
    Get more info