$1,350,000
Lambton Shores
#1 37 ONTARIO Street North, Lambton Shores (Grand Bend), Ontario, N0M1T0
This retail property in Lambton Shores is for sale offering roughly 9,000 sq ft of space. It has been on the market 62 days, fresher than the Lambton Shores average of 98 days.
**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! In search of a STABLE & SECURE venue to park some money: This young & fresh 9000 SQ FT commercial condo w/ 26 YR tenant on a BRAND NEW 5 YR TRIPLE NET LEASE (commencing Sept 15, 2026) provides reliable fixed term income generating $81K per yr for the first 3 yrs & $85.5K on the last 2 years, w/ the TMI covering everything else & leaving the owner w/ 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 the stock market/equities, which is likely the catalyst for the substantial investments that have been made in the Grand Bend area over past 3 to 5 yrs, all simultaneous to 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 5 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 is now fostering a rapidly growing customer base for the year round commercial tenant 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! 10+ all around! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 62 days on market, against an average age of 98 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 61 days on the market over the past year, against a median of 48 days across the markets we publish.
This retail in Lambton Shores (Grand Bend) has been listed for 62 days, which is 36 days fresher than the city average of 98. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,350,000, about 14.8× the local median household income of $91,000.
Carrying it typically needs a household income of about $263,702 (20% down, 25-yr amortization, stress-tested) — roughly 190% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0M)
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