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Executive Summary

This 2,700 sq. ft. income-generating retail property offers a rare ownership structure: freehold property (NO CONDO FEES), despite being situated within an established plaza. Recent updates include a new roof (2025), A/C (2022) and furnace (2022). The property is occupied by an established tenant under a lease running through December 2029. The tenant is responsible for all utilities and pays $19,200 per year in rent. Located in a busy retail plaza anchored by Foodland and PharmaChoice. The plaza is 2km from Highway 401 and positioned between Toronto, Montreal, and Ottawa. Only 20 minutes to New York State border crossing. Merkley Oaks new homes have already been built across the street, with plans for a total of 313 residential units.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 29 Plaza
  • 2,700 SF
  • Retail
  • $284,000 CAD ($105.19 CAD/SF)
  • -
Sale Type Investment
Description
NO CONDO FEES (FREEHOLD)
Unit Unit Size Condo Use Price NOI
Unit 29 Plaza 2,700 SF Retail $284,000 CAD ($105.19 CAD/SF) -

Unit 29 Plaza

Unit Size
2,700 SF
Condo Use
Retail
Price
$284,000 CAD ($105.19 CAD/SF)
NOI
-

Unit 29 Plaza

Unit Size 2,700 SF
Condo Use Retail
Price $284,000 CAD ($105.19 CAD/SF)
NOI -
Sale Type Investment
Description
NO CONDO FEES (FREEHOLD)</li></ul>

Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 2,700 SF
Property Type Retail (Condo)
Property Subtype
Freestanding
  • General Retail Storefront
  • General Retail Storefront Retail/Office
  • FlexLight Distribution
Building Class C
Floors 1
Typical Floor Size 2,700 SF
Year Built 2026
Tenancy Single
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Nearby Major Retailers

Tim Hortons
Foodland (canada)
RBC Royal Bank
Anytime Fitness
  • Listing ID: 41321242

  • Date on Market: 2026-07-16

  • Last Updated:

  • Address: 29 Plaza Dr, Iroquois, ON K0E 1K0

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