This industrial property in Tillsonburg is for sale offering roughly 19,825 sq ft of space. It has been on the market 32 days, fresher than the Tillsonburg average of 77 days.

Description

Rare opportunity! Property must be sold with adjacent building to the North 131 Townline Road MLS#. Combined 39,100 feet on 5.197 acres with long term potential from excess land to expand the existing building. Long term tenants with triple net leases. Pictures are of 102 Spruce Street and 131 Townline Road. Price is for both properties. (id:66096)

Property Details

MLS®: X13864660
Property Type: Industrial
Zoning: MG
Interior Size: 19,825 ft²
Lot Size: 3.00 acres
Frontage: 408 ft
Building Area: 19,825 ft²
Heating: Radiant heat
Cooling: Partially air conditioned
Listed: 32 days ago

Market Timing

Days on market

32d

Tillsonburg listings, avg age

77d

Price / ft²

$312

List price

$6.20M

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.

Haho

This industrial in Tillsonburg has been listed for 32 days, which is 45 days fresher than the city average of 77. Act while there is still low competition.

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Area context

Neighbourhood profile (N4G)

This home lists at $6,195,000, about 82.6× the local median household income of $75,000.

Carrying it typically needs a household income of about $1,210,100 (20% down, 25-yr amortization, stress-tested) — roughly 1513% above the area median.

Median household income: $75,000
Population: 21,519
Median age: 47.6
Owner / renter: 72% / 28%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N4G)

$6,195,000· $312/ft²

For sale

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102 Spruce Street, Tillsonburg - Industrial for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (N4G)

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