**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 leased (NET NET on part), w/the healthy TMI/CAM (an additional $60K + UTILITIES) 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 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
1 - 37 Ontario Street N
List Price
$1,450,000
MLS® Status
New
Expiration Date
2026-06-09
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Lambton Shores
Sub-Area
Grand Bend
Region
Lambton
Lot Size Source
GeoWarehouse
Lot Shape
Irregular
Lot Size Units
Acres
Parcel Number
438600001
Total Building Area
9000
Occupant Type
Tenant
Cross Street
Oak Street
Approx. Age
16 - 30 Years
MLS® Number
X12463426
Listing Brokerage
ROYAL LEPAGE TRILAND REALTY
Basement
No
Postal Code
N0M 1T0
Posession Details
Immediate
Tax Year
2025
Site Influences
Major Highway, Recreation/Community Centre
Community Features
Major Highway, Recreation/Community Centre
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
New Construction
No
Garage Type
None
Tax Legal Description
UNIT 1, LEVEL 1, LAMBTON STANDARD CONDOMINIUM PLAN NO. 60 AND ITS APPURTENANT INTEREST SUBJECT TO AND TOGETHER WITH EASEMENTS AS SET OUT IN SCHEDULE A AS IN LA65115 MUNICIPALITY OF LAMBTON SHORES
Security Features
No