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$4,299,000
Wellington North
360 Perth Street, Wellington North (Mount Forest), Ontario, N0G2L1
This industrial property in Wellington North is for sale offering roughly 20,130 sq ft of space.
Rare opportunity to acquire a freestanding industrial property with excess development land in Mount Forest, a market with extremely limited serviced industrial supply. The 7.44-acre M1-zoned site includes a 20,130 sq. ft. single-storey industrial building with office and warehouse space, 600V 3-phase power, and three dock-level shipping doors (two 8'x8' and one 9'x9', all with levellers). The 2.08-acre building parcel will be leased back to the current occupant on terms to be negotiated, providing immediate income. The balance of the approximately 5.36 acres of surplus industrial land offers exceptional future development or expansion potential. An ideal opportunity for investors, developers, or end users seeking long-term upside in a supply-constrained industrial market. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 191 days on market, against an average age of 88 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 76 days on the market over the past year, against a median of 48 days across the markets we publish.
This industrial in Wellington North (Mount Forest) 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 $4,299,000, about 51.8× the local median household income of $83,000.
Carrying it typically needs a household income of about $839,745 (20% down, 25-yr amortization, stress-tested) — roughly 912% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0G)
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