$2,100,000
Thames Centre
244 Hamilton Crescent, Thames Centre (Dorchester), Ontario, N0L1G4
This industrial property in Thames Centre is for sale offering roughly 5,000 sq ft of space.
An exceptional investment opportunity with immediate cash flow and significant future upside. This versatile industrial property is currently generating over $5,500 per month in rental income and features a highly adaptable layout suitable for either multi-tenant occupancy or conversion to a single-user facility. Offering approximately 17-foot ceiling heights throughout, three oversized 12' x 16' grade-level loading doors, updated lighting, and a small office component, the building is well-suited for a wide range of industrial, warehousing, contractor, and flex-space users. The property's functional design allows for easy reconfiguration to meet evolving business needs, while its well-maintained condition provides confidence for investors and owner-occupiers. Adding to its appeal, the property is already zoned and site plan approved for self-storage development, creating a rare opportunity to expand, redevelop, or increase revenue streams in the future. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 128 days on market, against an average age of 91 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 65 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This industrial in Thames Centre (Dorchester) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,100,000, about 21.0× the local median household income of $100,000.
Carrying it typically needs a household income of about $410,204 (20% down, 25-yr amortization, stress-tested) — roughly 310% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0L)
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