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Investment Highlights

  • NO CONDO FEES (Freehold)

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. The space features high ceilings and commercial lighting throughout, with rear access for deliveries and ample customer parking. 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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,700 SF
Building Class
C
Year Built
1957
Price
$284,000 CAD
Price Per SF
$105.19 CAD
Tenancy
Single
Building Height
1 Story
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: 41326156

  • Date on Market: 2026-07-17

  • Last Updated:

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

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