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HIGHLIGHTS
- Excellent high-traffic visibility
- Flexible interior fit-out for salon, general retail or other
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste First floor | 1,150 SF | Negotiable | $20.65 CAD/SF/YR $1.72 CAD/SF/MO $23,751 CAD/YR $1,979 CAD/MO | Plus All Utilities |
1st Floor, Ste First floor
515 Chestnut Street has been the location of a highly successful nail salon with massage therapy. The interior is beautifully done with reception area, private massage room, open area where foot-baths were located, storage areas, kitchen and large basement for storage. Tenants enjoy a private off-street parking lot in the rear and excellent visibility to Chestnut Street which consistently has high traffic. The space will be available in early February 2026. Tenants are responsible for rent, utilities and snow removal in front of the space & parking lot.
- Listed lease rate plus proportional share of utilities
- Space is in Excellent Condition
- High traffic visibility
- Private off-street parking lot
- Beautiful interior
- Many By-Right uses incl retail, office, & eateries
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 1,150 SF | Gross Leasable Area | 2,376 SF |
| Property Type | Retail | Year Built | 1890 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 5.05/1,000 SF |
| Total Space Available | 1,150 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 2,376 SF |
| Year Built | 1890 |
| Parking Ratio | 5.05/1,000 SF |
ABOUT THE PROPERTY
Excellent retail location with high traffic visibility and private parking lot in rear
NEARBY MAJOR RETAILERS
Presented by
DOWNTOWN RETAIL FOR LEASE | 515 Chestnut St
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