$1,699,000

For sale

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31 Clearview Drive, Tillsonburg - Industrial for Sale

31 Clearview Drive, Tillsonburg, Ontario, N4G4H3

2 baths4,000 ft²180 × 321 ft (1.32 acres) lot sizeListed 385 days ago

Overview

This industrial property in Tillsonburg is for sale offering roughly 4,000 sq ft of space.

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Description

Carefree Investment Offering Over $100,000 Triple Net Income "Per Year" (Approx. 6.0% CAP Rate) For The Next 4 Years Plus A 5 Year Option. Strong Tenant W/ Multiple Locations Secures A Piece Of Mind Investment Property To Start Or Add To Any Real Estate Portfolio. Building Totally Renovated In 2022 Including: 400 Amp / 600 Volt Upgraded Service, Fenced/ Gated Perimeter, Advanced Security System With Multiple Camaras Including Exterior Infrared Camaras, Epoxy Floors And PVC Walls & Ceilings Throughout Main Floor. 3200 Sq. Ft. Facility on Main Floor Plus 800 Sq. Ft. Mezzanine Offering; Office, Security Room, Lunch Room, IT Room, 2nd Washroom And Additional Storage. No Expense Was Spared Building This State Of The Art Health Canada Approved Facility. Situated On A 0.54 Acre Fully Serviced Reverse Pie Lot With A Frontage Of 180 Ft. And Depths Of 321 Ft & 216 Ft. Building Can Also Be Expanded To Cover 70% Of Lot Area As Per Zoning. (id:66096)

Property Details

MLS®: X12463369
Property Type: Industrial
Zoning: MG (General Industrial)
Bathrooms: 2
Interior Size: 4,000 ft²
Lot Size: 180 × 321 ft (1.32 acres)
Frontage: 180 ft
Heating: Coil Fan
Cooling: Fully air conditioned
Property Tax: $4,972.89/yr
Listed: 385 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

385d

Tillsonburg listings, avg age

77d

Price / ft²

$425

List price

$1.70M

Homes here sell slower than most markets

Sold homes in this market spent an average of 60 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

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Listed by SKYBOUND REALTY · PERRY STAIKOPOULOS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N4G)

This home lists at $1,699,000, about 22.7× the local median household income of $75,000.

Carrying it typically needs a household income of about $331,874 (20% down, 25-yr amortization, stress-tested) — roughly 342% 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)

$1,699,000· $425/ft²

For sale

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Financing

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