$1,350,000
Available - For Sale
Listing ID: X13749012
37 ONTARIO Street North , Lambton Shores, N0M 1T0, Lambton
| **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! In search of a STABLE & SECURE venue to park some money: This young & fresh 9000 SQ FT commercial condo w/ 26 YR tenant on a BRAND NEW 5 YR TRIPLE NET LEASE (commencing Sept 15, 2026) provides reliable fixed term income generating $81K per yr for the first 3 yrs & $85.5K on the last 2 years, w/ the TMI covering everything else & leaving the owner w/ 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 the stock market/equities, which is likely the catalyst for the substantial investments that have been made in the Grand Bend area over past 3 to 5 yrs, all simultaneous to 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 5 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 is now fostering a rapidly growing customer base for the year round commercial tenant 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! 10+ all around! |
| Price | $1,350,000 |
| Minimum Rental Term: | 60 |
| Taxes: | $0.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 37 ONTARIO Street North , Lambton Shores, N0M 1T0, Lambton |
| Postal Code: | N0M 1T0 |
| Province/State: | Lambton |
| Legal Description: | UNIT 1, LEVEL 1, LAMBTON STANDARD CONDOM |
| Directions/Cross Streets: | Oak Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Commercial Condo |
| Building Percentage: | T |
| Total Area: | 9000.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Recreation/Comm |
| Approximatly Age: | 16-30 |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE TRILAND REALTY |
|
|
Maria Tompson
Sales Representative
Dir:
1-866-382-2968
Bus:
416-548-7854
Fax:
416-981-7184
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Lambton |
| Municipality: | Lambton Shores |
| Neighbourhood: | Grand Bend |
| Approximate Age: | 16-30 |
| Fireplace: | N |
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