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For Sale · Specialty

23 MARKET Street W, Port Dover

23 MARKET Street W, Port Dover, ON N0A1N0

$3.2M total

2,500 SF

Asset Class

Specialty

Size

2,500 SF

Building class

B

Zoning

US — Urban Services

$ / SF

$1280

Occupancy

86%

Lot Size

0.136 ac

About this property

A truly unique opportunity at a historic address. 23 Market Street West brings together an exceptional private residence and a revenue generating commercial space in the heart of downtown Port Dover. The commercial space offers 16 individual suites across two levels, along with boardroom and kitchenette facilities, four large washrooms, lift access and multiple entrances creating a flexible setup for professional and office users. On the second floor an approximately 2,500 sq. ft. three-bedroom residence offers a luxurious living experience, with generous living and dining areas, a chef's kitchen, primary suite with ensuite and walk-in closet, additional bedrooms, laundry and substantial storage. A three-car garage, separate residential access and laneway further add to the flexibility of the property. 23 Market St W. provides option to live and work, have a beach town oasis, and simultaneously introduce an additional rental income stream all under one roof. Over 12,000 sqft. Established tenants. Zero vacancy. Luxury residence. One historic address. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$3.20M
Down payment30% · $960K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$15K

Projected NOI

$180K

Annual cash flow

$2K

Cash-on-cash

0.24%

DSCR

1.01

Going-in cap

5.61%

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.

Rent roll (estimated)

TenantAreaExpiry
Lakeview Physiotherapy1,017 SF2032-07
Lakeview Physiotherapy1,125 SF2032-07

Area demographics

Trade area within 3 miles of the property.

Population

117,596

Households

51,236

Median income

$135,000

Median age

38.4

Daytime population

134,447

5-yr growth

1.1%

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

Secure deal room

Confidential diligence documents for 23 MARKET Street W, Port Dover.

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.