1 - 37 ONTARIO STREET N

Lambton Shores (Grand Bend), Ontario, N0M1T0, Canada

$1,499,900

**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!

Last updated on : Friday 24th of January 2025 05:50:33 PM

ADDRESS

Street : 1 - 37 ONTARIO STREET N

City : Lambton Shores (Grand Bend)

Province : Ontario

Country : Canada

Postal Code : N0M1T0

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PROPERTY SUMMARY

Property ID : X11940174

Building Type : Retail

Property Type : Retail

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