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    For Sale - 31 Clearview Drive, Tillsonburg, Ontario

    Est payment $7,678/mo
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    Views   1
    Time on Jump  6 day

    AI Summary *

    • Industrial property generates $102,000 in annual net operating income under a triple-net lease.
    • Lease includes scheduled rent increases and one five-year renewal option.
    • Renovations include upgraded electrical service, gated fencing, security cameras, and durable interior finishes.
    • Main floor offers 3,200 square feet plus an 800-square-foot mezzanine with office and support rooms.
    • Serviced 0.54-acre lot allows up to 70% coverage, with potential for expansion.




    Tenanted industrial investment property generating $102,000 in annual net operating income under a triple-net lease for an approx. 6. 5% cap rate. The health canada licensed cannabis-sector tenant operates multiple locations and has approximately three years remaining on the current lease term, with scheduled annual rent increases and one 5-year renewal option. Building totally renovated in 2022 including: 400 amp / 600 volt upgraded service, fenced/ gated perimeter, multi-camera advanced security system including exterior infrared camaras, epoxy floors and pvc walls & ceilings throughout main floor. The building offers 3200 sq. Ft. On the main floor plus an 800 sq. Ft. Mezzanine with an office, security room, lunch room, it room, 2nd washroom and additional storage. Fully serviced 0. 54 acre reversed pie-shaped lot with a frontage of 180 ft. And depths of 321 ft & 216 ft. Zoning permits up to 70% lot coverage, offering potential for building expansion. Ideal investment property for a passive investor looking to add to their portfolio.
    Listing IDX14155934
    Address31 Clearview Drive
    CityTillsonburg, Ontario
    Price$1,599,000
    Bath2 Full
    StyleInvestment
    Land Size0.54
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Fan Coil

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    Listing Brokerage: SKYBOUND REALTY

    * 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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    31 Clearview Drive
    Tillsonburg , Ontario
    2 $1,599,000
    Get more info