$271.21 Per Sq Foot $5,314 est/mo Sourced by Back At You

100 Trafalgar Road,Hillsburg, ON N0B 1Z0

Hillsburg ON, N0B 1Z0

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Description

HIGH TRAFFIC, COMMERCIAL INVESTMENT, $6,200 MONTHLY INCOME, 6.4% CAP RATE, AND FULLY RENTED. This prime commercial property, situated on the bustling main thoroughfare of Hillsburgh, represents a stellar investment opportunity. GET IN NOW!! While values are still low, with hundreds of residential homes already approved and underway and hundreds more in the approval process, the population will triple in the next few years, which will only increase an already sound investment. With a secure, long-term anchor tenant on a 15-year lease and 2 fully occupied upstairs residential units, consistent and steady cash flow will be guaranteed, ensuring the prosperity of your investment for years to come. Generating a total monthly income of $6,200 and boasting a cap rate of 6.48%, makes this property a no-brainer for any type of investor. This property is not only financially appealing but has been meticulously updated both structurally and mechanically, with over $150,000 in recent upgrades. The versatility of the C-1 zoning allows for various commercial uses, enhancing its appeal in this high-traffic Trafalgar Road location with ample parking for tenants and customers alike. Additionally, the property includes two updated apartments on the second floor, providing added income potential with little effort and a low vacancy rate due to its popular small-town location. Positioned near a range of amenities including a grocery store, arena, and veterinary clinic, in an area poised for new community developments and population increase, this property offers a unique blend of stability, growth, and convenience, making it a highly attractive option for investors looking to capitalize on Hillsburgh's economic expansion.

Details

MLS#40587792
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site17
Listing Provided ByRE/MAX Escarpment Realty Inc | Tyler Stewart Dawe

Features

SQ Feet3,650
BasementY
Story(s)2
ZoningC-1
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 1 minute ago
ProvinceON
CountyWellington
CityHillsburg
Postal CodeN0B 1Z0
AreaErin
SubareaErin
Community NameErin
Listing VS Median (in Erin)
Price:
$989,900
low | high
Med:
$1,799,000
31.735528841297% of Average
SqFt:
3,650
low | high
Med:
3,045
66.575342465753% of Average
$ / SqFt:
$271
low | high
Med:
$619
78.412767321541% of Average
On Site:
17
low | high
Med:
54.500000
31.192660550459% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 7:58:10 PM PDT