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For Sale · Office

45 ONTARIO Street, Grimsby

45 ONTARIO Street, Grimsby, ON L3M3H1

$1.8M total

2,720 SF

Asset Class

Office

Size

2,720 SF

Building class

C

Zoning

DC1 — Direct Control

$ / SF

$662

Occupancy

93%

Year Built

1926

About this property

Quaint stand alone building located adjacent to Grimsby's charming downtown core. Future area development including close proximity to a planned GO Train Station makes this property a prime location. Features a prominent store front window that opens into a beautiful reception + office area. Ample parking both on site and via a rear right of way access to an additional lot on Carnegie Lane. TRMC zoning allows multiple uses including medical/dental clinics, professional services, financial services, fitness centre, place of entertainment, day care, restaurant, bed + breakfast, veterinarian clinic, etc. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.80M
Down payment30% · $540K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$110K

Annual cash flow

$11K

Cash-on-cash

1.96%

DSCR

1.11

Going-in cap

6.13%

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
Vector Robotics1,204 SF2030-03
Vector Robotics634 SF2030-03
Vector Robotics400 SF2030-03
Vector Robotics400 SF2030-03

Area demographics

Trade area within 3 miles of the property.

Population

40,781

Households

14,385

Median income

$62,500

Median age

40.2

Daytime population

59,226

5-yr growth

6.6%

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

Secure deal room

Confidential diligence documents for 45 ONTARIO Street, Grimsby.

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.