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    For Sale - 37 ONTARIO Street Unit# 1, Lambton Shores, Ontario

    Est payment $6,963/mo
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    Views   1
    Time on Jump  168 day

    AI Summary *

    • Great investment opportunity with a 6 CAP in a high traffic area.
    • Three-unit commercial condo generating over $90K annual income.
    • Minimal landlord upkeep responsibilities with Commercial Tenancies Act benefits.
    • Located steps from a top beach, attracting tourists and residents.
    • Future potential with new EV chargers in approval phase.




    **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 leased (net net on part), w/the healthy tmi/cam (an additional $60k + utilities) leaving the owner w/ 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!
    Listing IDX12463426
    Address37 ONTARIO Street Unit# 1
    CityLambton Shores, Ontario
    Price$1,450,000
    StyleCommercial Retail
    Land Size1.012
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailCommunity Features Major Highway, Recreation/Community CentreHeating / Cooling Gas Forced Air Closed

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    Listing Agency:  ROYAL LEPAGE TRILAND 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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    37 Ontario Street Unit# 1
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