Added 1 day ago
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Type: Commercial/Retail
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Property Type: Commercial
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Zoning: C2
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Age: 16-30 years
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Taxes: 750
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MLS®#: X11940174
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Added: Jan 24, 2025 (1 day ago)
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Updated:
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Last Checked: 3 hours ago
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Listed By: ROYAL LEPAGE TRILAND REALTY
**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 commercial condo unit 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, w/ the healthy CAM/TMI (additional rent over) leaving the owner w/ expenses of only under $1K 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 a 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 that'll never lose it's w/ visibility directly across from the Tim Horton's drive thru! Plus, the 2 new EV chargers currently in the approval phase could generate even more income! 10+ all around!
Property
Status: Sale
Property Type: Commercial/Retail
Property Type: Commercial Condo
Age: 16-30
Area: Lambton Shores
Community: Grand Bend
Availability Date: Immediate/Flex
Assessment Amount: $1,049,000
Assessment Year: 2024
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: N
Heat Type: Gas Forced Air Closd
Freestanding: Y
Water Supply: Municipal
Physically Handicapped-Equipped: Y
Parking
Garage Type: None
Fees
Tax Year: 2024
Tax Legal Description: UNIT 1, LEVEL 1, LAMBTON STANDARD CONDOMINIUM PLAN NO. 60 AND IT
Taxes: $750
Taxes Type: Annual
Land
Cross Street: Map to 37 Ontario St
Municipality District: Lambton Shores
Parcel Number: 438600001
Zoning: C2
Commercial Specific
Retail Area: 9000
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 9000
Total Area Metric: Sq Ft
Area Influence: Major Highway
Area Influence: Rec Centre
Building Percent: 100
Sacred Heart Separate School
Elementary: CatholicOur Lady of Mt Carmel School
Elementary: CatholicSt Boniface Separate School
Elementary: CatholicStephen Central Public School
Elementary: PublicGrand Bend Public School
Elementary: PublicParkhill-West Williams School
Elementary: PublicNorth Middlesex District High School
Secondary: PublicHoly Cross Catholic Secondary School
Secondary: CatholicSouth Huron District High School
Secondary: PublicCentral Huron Secondary School
Secondary: PublicNorth Lambton Secondary School
Secondary: PublicStrathroy District Collegiate Institute
Secondary: Public
