For Sale · Industrial

435 MCKAY-CLEMENTS DRIVE, Temiskaming Shores (Haileybury)

435 MCKAY-CLEMENTS DRIVE, Temiskaming Shores (Haileybury), ON P0J1K0

$375,000 total

—

Asset Class

Industrial

Size

—

Building class

C

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

89%

Lot Size

2200 ac

Clear height

32 ft

Loading docks

9

About this property

Great commercial shop opportunity in Haileybury! This versatile building offers over 2,000 sq. ft. of interior space with a 3-piece bathroom, making it well suited for a variety of commercial, storage, workshop, and vehicle-related uses. The building features a solid cement slab, drywall interior, and a durable tin roof that keeps the space dry and well protected. The property sits on an oversized lot measuring over 100' x 100', providing plenty of room for parking, outdoor storage, equipment, or future opportunities. A rear lean-to adds additional covered storage space. Heating is provided by a natural gas forced-air furnace with an electric space heater as backup. The building is equipped with an impressive 600-amp, three-phase electrical service, offering excellent capacity for a range of commercial applications. Currently used primarily for storage and vehicle repair work, this is an extremely versatile offering with excellent potential. Ideally located near Highway 11 and Lake Temiskaming, this property is a great opportunity for an owner-operator, tradesperson, mechanic, or investor looking for a functional commercial space with plenty of land and utility. An alarm system protects the property for a monthly fee. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$375K
Down payment30% · $113K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$20K

Annual cash flow

$-781

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.33%

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

80,246

Households

29,875

Median income

$65,000

Median age

40.4

Daytime population

84,095

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 435 MCKAY-CLEMENTS DRIVE, Temiskaming Shores (Haileybury).

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.