1 - 37 Ontario Street N,Lambton Shores (Grand Bend), ON N0M1T0
Lambton Shores (Grand Bend), ON N0M1T0
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! 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! (id:13843)
Details
| MLS # | X13749012 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Status | Active |
| Days On Site | 52 |
| Listing Provided By | ROYAL LEPAGE TRILAND REALTY | MIKE SLOAN |
Features
| SQ Feet | 9,000 |
|---|---|
| Zoning | C2 |
| Acreage | 1.01 |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Irregular lot size |
|---|
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 0 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Lambton Shores (Grand Bend) |
| Postal Code | N0M1T0 |
| Listing VS Median (in N0M1T0) | |
Price: $1,350,000 low | high Med: $789,000 sqft: 9,000 low | high Med: 1,100 $ / sqft: $150 low | high Med: $717 On site: 52 low | high Med: 57 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| City | Lambton Shores (Grand Bend) |
| Postal Code | N0M1T0 |
| Listing VS Median (in N0M1T0) | |
Price: $1,350,000 low | high Med: $789,000 sqft: 9,000 low | high Med: 1,100 $ / sqft: $150 low | high Med: $717 On site: 52 low | high Med: 57 | |
