$1,799,999
Saugeen Shores
569 Catherine Street, Saugeen Shores, Ontario, N0H2C1
This office property in Saugeen Shores is for sale offering roughly 3,892 sq ft of space. It has been on the market 154 days, fresher than the Saugeen Shores average of 171 days.
Welcome to 569 Catherine Street, a fully renovated, turn-key commercial property offering a secure and lucrative investment in one of the region's growing family-oriented communities. This building has been completely gutted and professionally updated from top to bottom, including new plumbing, electrical, HVAC, roof, windows, and all systems brought up to current codes and requirements for daycare and tutoring operations. The result is a modern, compliant facility with long-term potential. Currently tenanted by a high-quality, upscale daycare and tutoring business with 3 years remaining on the lease (plus renewal option), this property generates over $105,000 annually in guaranteed rental income with built-in yearly increases. The tenant is responsible for all TMI (taxes, maintenance, and insurance), making this a truly hands-off, high-yield opportunity. Located in a family-friendly area with schools, parks, and residential neighborhoods nearby, the demand for childcare remains strong, supporting the stability and long-term viability of the tenant. With a professionally structured lease and a tenant invested in staying long term, 569 Catherine Street is not just a building, it's a rare chance to own a secure, income-producing asset in a thriving community. Large lot would allow for future building/expansion. Property has 7 washrooms, additional separate sinks and includes a full kitchen. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 154 days on market, against an average age of 171 days across the listings currently for sale in this city
This office in Saugeen Shores has been listed for 154 days, which is 17 days fresher than the city average of 171. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,799,999, about 20.9× the local median household income of $86,000.
Carrying it typically needs a household income of about $351,603 (20% down, 25-yr amortization, stress-tested) — roughly 309% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0H)
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