$1,599,000

For saleJust listed

31 Clearview Drive, Tillsonburg - Industrial for Sale

31 Clearview Drive, Tillsonburg, Ontario, N4G4H3

2 baths4,000 ft²180 × 321 ft (1.32 acres) lot sizeListed Today

Overview

This industrial property in Tillsonburg is for sale offering roughly 4,000 sq ft of space. It has been on the market 0 days, fresher than the Tillsonburg average of 77 days.

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Description

Tenanted Industrial Investment Property Generating $102,000 In Annual NET Operating Income Under a Triple-Net Lease For An Approx. 6.5% CAP Rate. The Health Canada Licensed Cannabis-Sector Tenant Operates Multiple Locations And Has Approximately Three Years Remaining On The Current Lease Term, With Scheduled Annual Rent Increases And One 5-Year Renewal Option. Building Totally Renovated In 2022 Including: 400 Amp / 600 Volt Upgraded Service, Fenced/ Gated Perimeter, Multi-Camera Advanced Security System Including Exterior Infrared Camaras, Epoxy Floors And PVC Walls & Ceilings Throughout Main Floor. The Building Offers 3200 Sq. Ft. On The Main Floor Plus An 800 Sq. Ft. Mezzanine With An Office, Security Room, Lunch Room, IT Room, 2nd Washroom And Additional Storage. Fully Serviced 0.54 Acre Reversed Pie-Shaped Lot With A Frontage Of 180 Ft. And Depths Of 321 Ft & 216 Ft. Zoning Permits Up To 70% Lot Coverage, Offering Potential For Building Expansion. Ideal Investment Property For A Passive Investor Looking To Add To Their Portfolio. (id:66096)

Property Details

MLS®: X14155934
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: Forced air, Natural gas, Coil Fan
Cooling: Fully air conditioned
Property Tax: $5,131.89/yr
Listed: Today

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Tillsonburg listings, avg age

77d

Price / ft²

$400

List price

$1.60M

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 0 days, which is 77 days fresher than the city average of 77. Act while there is still low competition.

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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 $1,599,000, about 21.3× the local median household income of $75,000.

Carrying it typically needs a household income of about $312,341 (20% down, 25-yr amortization, stress-tested) — roughly 316% 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)

$1,599,000· $400/ft²

For sale

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Financing

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