




1/614 ELGIN STREET S, Blue Mountains, ON N0H2P0
$949,000 total
—
Asset Class
Industrial
Size
—
Building class
C
Zoning
IM — Medium Industrial
$ / SF
—
Occupancy
97%
Lot Size
0.497 ac
Clear height
31 ft
Loading docks
8
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)
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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.
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.
Confidential diligence documents for 14 ELGIN STREET S, Blue Mountains.
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.