Overview

This retail property in Grey Highlands is for sale.

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Description

INVESTMENT OPPORTUNITY IN GREY COUNTY - FIRST TIME FOR SALE IN 25 YEARS6+% CAP RATE currently with a 3% rent increase being applied to all units in the fall. Home to 4 RENOVATED APARTMENTS & 1 RETAIL. Main floor retail. Downstairs, fronting onto Hwy10 at the main intersection is a very successful boutique Cheese and Charcuterie Food Shop "The Artemesia Cheese Shop" in the bustling town of Flesherton. A are staple for the many high end clients who call Grey Highlands their playground or home. Rents for the Apartments are: Apt A $18k / Apt B $15k / Apt C $12.5K / Apt D $17.8K / Cheese Shop 5 Year Lease for the retail $2,500 + HST with at market rent increase (3%) annually. Annual Gross Rental Income : Artemesia Cheese $33,900Apt A $18,000Apt B $15,000Apt C $12,528Apt D $17,832Total 2025 Gross Income : $97,260 Annual 2025 Expenses :Heat & Hydro : $9,720Property Tax : $3,775Insurance : $3,619Total 2025 Expenses: $17,114.00Vacancy Allowance : (5% of Gross Income) $4,863.00Repairs & Maintenance : (8% of Gross Income) $7,780.00Total 2025 $12,643.00 Gross Income : $97,260.00Less Expenses $29,757.00Net Income (NOI) : $67,503.00Don't miss this fantastic opportunity to own a buys and successful building along the Hwy 10 Corridor in this growing market area. (id:66096)

Property Details

MLS®: X13457030
Property Type: Retail
Zoning: C1
Lot Size: 23,087 sq ft (0.53 ac)
Frontage: 24 ft
Heating: Baseboard heaters, Forced air, Natural gas
Cooling: Partially air conditioned
Property Tax: $3,774.55/yr
Listed: 140 days ago

Services

Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

140d

Grey Highlands listings, avg age

88d

List price

$1.10M

Homes here sell slower than most markets

Sold homes in this market spent an average of 76 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 93.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

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Listed by COLLIERS SOUTHWESTERN ONTARIO · KNUTE DOHNBERG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0C)

This home lists at $1,100,000, about 12.9× the local median household income of $85,000.

Carrying it typically needs a household income of about $214,869 (20% down, 25-yr amortization, stress-tested) — roughly 153% above the area median.

Median household income: $85,000
Population: 17,537
Median age: 43.6
Owner / renter: 86% / 14%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0C)

$1,100,000

For sale

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Financing

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10 Sydenham Street, Grey Highlands - Retail for Sale