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$1,850,000
Pickle Lake
6 to 12 Koval Street, Pickle Lake (TB-617), Ontario, P0V3A0
This retail property in Pickle Lake is for sale.
Trophy Investment Asset - Fully Leased AAA-Tenant Strip Mall in Downtown Pickle Lake Rare opportunity to acquire one of the largest and most prominent commercial properties in downtown Pickle Lake. Strategically positioned at the epicenter of the town's commercial core, this high-performing strip mall offers exceptional stability, visibility, and long-term value. With a 0% vacancy rate sustained over the past 3 years, every unit - including areas originally designated for common use in the last year - is fully leased. This property attracts and retains top-tier tenants, all of whom are AAA-rated and operating under Triple Net (NNN) leases, ensuring reliable, hands-off income for ownership. Recent capital upgrades include the installation of multiple new furnaces and a new compressor unit, enhancing energy efficiency and reducing ongoing maintenance expenses. Property Highlights: Entire roof redone in 2019 with 20yr warranty Landmark commercial asset in downtown Pickle Lake Fully leased - 0% vacancy over 3+ years Even common areas monetized through leasing Anchored by AAA tenants on Triple Net leases Recent mechanical updates: new furnaces and compressor unit High-traffic location with premium visibility and access Strong in-place cash flow with minimal landlord obligations This is an ideal acquisition for investors seeking a secure, cash-flowing asset in a supply-constrained market. With a tenant roster of nationally and regionally recognized businesses, this property offers long-term income certainty and low operational risk. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 495 days on market, against an average age of 496 days across the listings currently for sale in this city
This retail in Pickle Lake (TB-617) has been listed for 495 days, which is 1 days fresher than the city average of 496. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,850,000, about 25.9× the local median household income of $71,500.
Carrying it typically needs a household income of about $361,370 (20% down, 25-yr amortization, stress-tested) — roughly 405% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0V)
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