Sue Davis

Sue Davis

Broker

Direct: 519-871-8968
Office: 519-238-7355
COLDWELL BANKER APPLEBY REAL ESTATE
BROKERAGE, INDEPENDENTLY OWNED & OPERATED

Property Details

37 ONTARIO Street N Unit# 1, Grand Bend, Ontario, N0M1T0

37 ONTARIO Street N Unit# 1, Grand Bend, Ontario, N0M1T0 (ID 40173571)
Representative
Sue Davis portrait
Sue Davis
Broker
Coldwell Banker Appleby Real Estate, Brokerage*
Cell: 519-871-8968
Tel: 519-238-7355

$1,499,900 - For sale

ID#:40173571

GRAND BEND, ON hassle free income opportunity just steps to the 3rd best beach in Canada* & situated in a high traffic location in one of the most prosperous beach towns in the country! Attention investors in search of a stable & secure venue to park some money: This young & fresh commercial space provides 9000 square feet of fixed term income across 3 separate units generating $94.4K per yr collectively with two 3 yr leases & the 15 yr gym tenant on a 3 yr lease in the largest unit, all NET NET, with owner expenses under $1K per yr! As most savvy income-minded investors are aware, ridiculously low interest rates & an exceptional seller's market environment have resulted in pricing levels on multi-unit investment properties exceeding the cap rates landlord buyer types have traditionally demanded. This is particularly true in thriving city markets with the highest population density. This phenomenon is one of the catalysts for the recent & very substantial investments that have been made in the Grand Bend area over past 12 months, as cap rates here are still respectable! In the wake of a world pandemic proving to the current crop of residential buyers that a work at home lifestyle is attainable, more families & younger generational buyers are migrating to rural areas & smaller towns, especially towns with world class beaches. Smart money is recognizing this trend. During the past year alone, there has been approximately 10 times more capital invested on individual property sales for development purposes on commercial & mixed use properties in Grand Bend than the amount spent on such land & buildings in the previous 15 yrs COMBINED! Why is all of this so crucial for a multi-unit investment property like this one? The result is stronger customer bases for yr round commercial tenants. And with commercial tenancy, landlord's upkeep responsibilities are minimal + the Commercial Tenancies Act is much more landlord friendly compared to the RTA! Easy money ladies & gents! (id:2471)

Location DescriptionGPS to 37 Ontario St North, Grand Bend, ON - situated adjacent to the Tim Hortons drivethru & the only legit EV charger in town plus featuring loads of tenant parking & fully accessible entrances done to code!

Virtual Tour Property Details
  • Property Address:37 ONTARIO Street N Unit# 1, Grand Bend, Ontario, N0M1T0
  • Property Type:Other
  • Title:Condominium
  • Lot Size:1.011
  • Acreage:1.011 ac|1/2 - 1.99 acres
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Access:Water access, Highway access
Structure Details for 37 ONTARIO Street N Unit# 1, Grand Bend, Ontario, N0M1T0
  • Building Age:2001
  • Heating Type:Natural gas, Forced air
  • Style:Attached
  • Storeys:1
  • Basement Type:None
  • Foundation Type:Poured Concrete
  • Cooling Type:Central air conditioning
  • Exterior Type:Brick, Concrete
Amenities for 37 ONTARIO Street N Unit# 1, Grand Bend, Ontario, N0M1T0 Park/reserve, Golf course/parkland, Beach, Landscaped, High Traffic Area, Community Centre
  • Amenities Nearby:Beach, Golf Nearby, Marina, Park, Place of Worship, Playground, Schools, Shopping
Representative
Sue Davis portrait
Sue Davis
Broker
Coldwell Banker Appleby Real Estate, Brokerage*
Cell: 519-871-8968
Tel: 519-238-7355
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37 ONTARIO Street N Unit# 1, Grand Bend, Ontario, N0M1T0

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