37 ONTARIO N Street, Lambton Shores, ON N0M 1T0

  • $1,499,900
37 ONTARIO N Street, Lambton Shores, ON N0M 1T0
Active
37 ONTARIO N Street, Lambton Shores, ON N0M 1T0
37 ONTARIO N Street, Lambton Shores, ON N0M 1T0
  • $1,499,900

Overview

Property ID: HZX11940174
  • Commercial Retail, Commercial Sale
  • Property Type
  • 9000
  • Sqft

Description

**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!

  • Address 37 ONTARIO N Street
  • City Lambton Shores
  • State/county ON
  • Zip/Postal Code N0M 1T0
  • Country CA

Details

Updated on February 25, 2025 at 7:54 pm
  • Property ID: HZX11940174
  • Price: $1,499,900
  • Property Size: 9000 Sqft
  • Garage Size: x x
  • Property Type: Commercial Retail, Commercial Sale
  • Property Status: Active
  • MLS#: X11940174

Additional details

  • Utilities: Yes
  • Cooling: Yes
  • County: Lambton
  • Property Type: Commercial Sale
  • Community Features: Major Highway,Recreation/Community Centre

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