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1 - 37 ONTARIO STREET N
Lambton Shores (Grand Bend) Ontario , N0M1T0 , Canada
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FOR SALE: 3-UNIT/TRIPLE-TENANT commercial condo
Exceptional location
Ample front parking, res condos above park at back
3 Unit Anatomy - Fitness, Office, & Retail
Exceptional proximity to high traffic amenities
Your tenant's customers just a 5 min walk to beach
All in all, a young & superb income property
Starting w/ UNIT 1 (GYM) - your premier tenant
The Grand Bend Gym is a community fixuture
This is long time (20+ yr) tenant!
Let's continue to tour the primary unit
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Primary Tenant in UNIT 1 - Grand Bend Gym
Onto UNIT 2 - A compact office unit
UNIT 2 - A compact office unit
Onto UNIT 3 - the Retail, spa, studio facility
New Accessible door into UNIT 3
UNIT 3 - the Retail, spa, studio facility
UNIT 3 - the Retail, spa, studio facility
UNIT 3 - the Retail, spa, studio facility
Shared/Secured Accessible Washroom - UNITS 2 & 3
NOTE: Residential condos above are NOT included
Well maintained grounds throughout property
Anchor location in growing community!
Come see why smart money is going to Grand Bend!
Lease details & income snapshot
Mike Sloan
Agent
Sales Representative
Cell: 519.870.7650
Home Fax:
519.672.5145

Royal LePage Triland Realty
Brokerage:
103 - 240 Waterloo Street
London, ON
N6B 2N4
Phone: 519.672.9880
Fax: 519.672.5145
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$1,499,900.00
MLS® X11940174
Commercial : Retail
Floor Space (approx): 9000 Square Feet
Zoning: C2
Remarks:
**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! (id:27)

Property Features:
  • Amenities Nearby: Highway , Recreation
  • Property Type: Retail
Building Features:
  • Building Type: Retail
  • Cooling Type: Fully air conditioned
  • Heating Fuel: Natural gas
  • Heating Type: Forced air

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

All offices are independently owned and operated, except those offices identified as "Royal LePage Real Estate Services Ltd."

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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