For Lease · Retail

296 WELLINGTON MAIN STREET, Prince Edward County (Wellington Ward)

296 WELLINGTON MAIN STREET, Prince Edward County (Wellington Ward), ON K0K3L0

Price on request

—

Asset Class

Retail

Size

—

Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

—

Occupancy

88%

About this property

Excellent commercial leasing opportunity at 296 Wellington Main Street, ideally located in the heart of one of Prince Edward County's most vibrant and sought-after communities. Offering approximately 921 square feet of versatile commercial space, this well-positioned property is currently operating as a wellness and chiropractic office, making it an ideal opportunity for healthcare professionals, chiropractors, massage therapists, wellness practitioners, or other professional service providers. The thoughtfully configured space offers a welcoming atmosphere suitable for a variety of business uses, with the potential to adapt to your specific needs. Situated along Wellington's bustling Main Street, the property benefits from excellent visibility and a thriving mix of local residents, seasonal visitors, and tourists. Surrounded by popular restaurants, boutique shops, wineries, and accommodations, this prime location provides an exceptional opportunity to establish or expand your business in one of the County's most desirable commercial destinations. Zoned Urban Commercial, the property offers flexibility for a range of permitted uses, making it an attractive option for both established professionals and entrepreneurs. Whether you're looking to expand your wellness practice, open a professional office, or bring a new business concept to Wellington, this is a fantastic opportunity to secure commercial space in a highly desirable Main Street location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

122,465

Households

48,172

Median income

$116,000

Median age

35.8

Daytime population

146,578

5-yr growth

7.8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 296 WELLINGTON MAIN STREET, Prince Edward County (Wellington Ward).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.