Business For Sale · Industrial

14 ELGIN STREET S, Blue Mountains

14 ELGIN STREET S, Blue Mountains, ON N0H2P0

$949,000 total

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Asset Class

Industrial

Size

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Building class

C

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

97%

Lot Size

0.497 ac

Clear height

31 ft

Loading docks

8

About this property

Corner industrial property in Thornbury at Elgin Street South and Arthur Street East, one block from Highway 26 (King Street East) and close to the shops and services of the downtown core. The lot is approximately 0.497 acres (21,657 sq. ft.) and is zoned M1 Employment. The improvements are an older concrete block industrial building of approximately 1,572 sq. ft., including an office and washroom, and an attached steel shed of approximately 365 sq. ft., for approximately 1,937 sq. ft. in total. The building is currently a working steel fabrication and welding shop; heavy-use industrial premises like this are hard to find in town. The buildings cover only about 9% of the lot, leaving generous yard area for parking, outside storage or future expansion, subject to municipal approvals. The location offers quick access to Highway 26, current visibility from the highway and established commercial neighbours. Thornbury sits on Georgian Bay between Collingwood and Meaford, close to Blue Mountain, the area's private ski clubs, the harbour and the Georgian Trail. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$949K
Down payment30% · $285K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$48K

Annual cash flow

$-4K

Cash-on-cash

-1.48%

DSCR

0.92

Going-in cap

5.10%

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

104,845

Households

43,689

Median income

$114,500

Median age

37.3

Daytime population

106,739

5-yr growth

6.8%

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

Secure deal room

Confidential diligence documents for 14 ELGIN STREET S, Blue Mountains.

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.