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3835 Mcbean St 5,408 SF Retail Building Richmond, ON K0A 2Z0 $1,649,900 CAD ($305.09 CAD/SF) 6.89% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased commercial property with three stable tenants generating $128,400 in annual gross rental income.
- Recently paved front lot enhances curb appeal and functionality for current and future use.
- Landlord-friendly setup with tenants sharing hydro costs and streamlined management of remaining expenses.
- Zoned RG3[151r] with strong cash flow and future development potential beside a growing residential subdivision.
EXECUTIVE SUMMARY
Prime Investment Opportunity - Fully Leased Commercial Property. An exceptional opportunity for the discerning investor: this fully leased property features three stable tenants generating a total gross annual rental income of $128,400. All tenants share hydro costs equally, while the landlord covers property taxes, insurance, water, landscaping, environmental services, and snow removal - streamlining management and enhancing tenant satisfaction. The front section of the lot has been recently paved, ensuring excellent curb appeal and functionality. Zoned RG3[151r], the property offers strong current cash flow with exciting future development potential, as a new residential subdivision is being constructed directly behind the site-presenting opportunities to service this growing community. Please note: storage containers located at the rear of the property are excluded from the sale. Vacant lot at 3833 McBean also available for sale.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,408 SF
Building Class
B
Year Built
2000
Price
$1,649,900 CAD
Price Per SF
$305.09 CAD
Cap Rate
6.89%
NOI
$113,678 CAD
Tenancy
Single
Building Height
1 Story
Zoning
RG3[151r]
Frontage
99’ on McBean Street
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3835 Mcbean St
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