Description

Amazing opportunity! Well maintained building with long term stable tenants. The building is approximately 21,600 square feet sitting on 2.185 acres. The two tenants are long term and stable. Both with net leases. Excellent hands off investment! Property can be purchased with adjacent building at 102 Spruce street. (id:66096)

Property Details

MLS®: X13864654
Property Type: Industrial
Zoning: MG
Lot Size: 2.18 acres
Frontage: 143 ft
Building Area: 21,600 ft²
Heating: Radiant heat
Cooling: Partially air conditioned
Listed: 31 days ago

Market Timing

Days on market

31d

Tillsonburg listings, avg age

77d

List price

$3.27M

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 31 days, which is 46 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 $3,275,000, about 43.7× the local median household income of $75,000.

Carrying it typically needs a household income of about $639,722 (20% down, 25-yr amortization, stress-tested) — roughly 753% 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)

$3,275,000

For sale

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Financing

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131 Townline Road, Tillsonburg - Industrial for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (N4G)

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