Jag Patel
Broker
$599,000
Available - For Sale
Listing ID: X13081258
34 Ontario Street South , Lambton Shores, N0M 1T0, Lambton
| 6.28% CAP RATE! Strategically positioned within the high-traffic C2-zoned corridor of Grand Bend, 34 Ontario Street South offers premium highway exposure and established signage infrastructure in a high-visibility area. This versatile property features four fully tenanted units with a history of consistent occupancy, complemented by excellent frontage and on-site parking. Its location is a primary asset, situated just 950 meters from the Grand Bend Main Beach and even closer to the vibrant downtown core, ensuring high pedestrian and vehicle traffic essential for long-term commercial viability. With the majority of units having undergone recent renovations to support a streamlined management profile, this property provides a solid foundation for existing revenue streams and future redevelopment within one of the region's most active growth corridors. Detailed financial information and lease summaries are available upon request for qualified inquiries. Any plans for mixed-use or future redevelopment should be confirmed directly with the Municipality of Lambton Shores, and the buyer is advised to verify all permitted uses, square footage, and financial representations. |
| Price | $599,000 |
| Taxes: | $6521.98 |
| Tax Type: | Annual |
| Monthly Condo Fee: | $0 |
| Occupancy: | Tenant |
| Address: | 34 Ontario Street South , Lambton Shores, N0M 1T0, Lambton |
| Postal Code: | N0M 1T0 |
| Province/State: | Lambton |
| Legal Description: | PLAN 540 PT LOT 28 RP 25R8262 PARTS 2 & |
| Directions/Cross Streets: | Ontario Street South |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 2492.00 |
| Total Area Code: | Square Feet |
| Financial Statement: | T |
| Chattels: | F |
| Franchise: | F |
| Water Expense: | $3456 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | Partial |
| Sewers: | Sanitary |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| SUTTON GROUP - SELECT REALTY INC. |
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Jag Patel
Broker
Dir:
416-671-5246
Bus:
416-289-3000
Fax:
416-289-3008
| Virtual Tour | Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Lambton |
| Municipality: | Lambton Shores |
| Neighbourhood: | Grand Bend |
| Tax: | $6,521.98 |
| Fireplace: | N |
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