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37 Ontario St N 9,000 SF Office/Retail Condo Unit Offered at $1,450,000 CAD in Lambton Shores, ON N0M 1T0
INVESTMENT HIGHLIGHTS
- 9,000 sq ft across 3 separate units, each with fixed-term NET NET leases—zero annual expenses for the owner.
- Situated directly across from Tim Hortons drive-thru in one of Canada’s fastest-growing rural towns—just steps from the #3 beach in the country.
- Generates $90K+ in annual rental income plus $61K+ in TMI/CAM & utilities, offering a solid 6% CAP rate.
- Approval pending for 2 EV charging stations, offering additional income streams and modern appeal.
PROPERTY FACTS
| Total Building Size | 18,318 SF | Typical Floor Size | 9,159 SF |
| Property Type | Year Built | 1999 | |
| Building Class | C | Lot Size | 1.00 AC |
| Floors | 2 | Parking Ratio | 2.02/1,000 SF |
| Zoning | C2 - Commercial | ||
| Total Building Size | 18,318 SF |
| Property Type | |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 9,159 SF |
| Year Built | 1999 |
| Lot Size | 1.00 AC |
| Parking Ratio | 2.02/1,000 SF |
| Zoning | C2 - Commercial |
AMENITIES
- Central Heating
- Air Conditioning
1 UNIT AVAILABLE
Unit 1
| Unit Size | 9,000 SF | Sale Type | Investment |
| Price | $1,450,000 CAD | Cap Rate | 6.00% |
| Price Per SF | $161.11 CAD | NOI | $87,000 CAD |
| Condo Use | Office/Retail |
| Unit Size | 9,000 SF |
| Price | $1,450,000 CAD |
| Price Per SF | $161.11 CAD |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| NOI | $87,000 CAD |
DESCRIPTION
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 NET NET agreements, with the healthy TMI/CAM (an additional $61K + UTILITIES) leaving the owner with ZERO expenses per yr!
SALE NOTES
**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 NET NET agreements, with the healthy TMI/CAM (an additional $61K + UTILITIES) leaving the owner with 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!
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37 Ontario St N
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