For Sale · Retail

2 - 3590 LOBSINGER LINE, Woolwich

2 - 3590 LOBSINGER LINE, Woolwich, ON N0B2M0

$769,000 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

95%

Lot Size

5556 ac

About this property

A Rare opportunity in town of St. Clements to own this mixed use commercial building which offers rented PIZZA STORE with 10 + 10 years of lease (approx. 1000 sq. ft.) , tenanted warehouse with loading dock(approx. 1430 sg. ft.), 2 tenanted residential apartments and an opportunity to rent another unit for uses like restaurant, massage/spa clinic or health / beauty related business. This location is at a corner of most busy intersection. A huge size parking lot at the rear of building further adds huge potential in this building. Upstairs you will find 2 decent sized with 1apartments with 1 bedrooms each along with 1 washroom. A must visit on this listing to explore endless possibilities for redesigning a space to both live and run your business. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$769K
Down payment30% · $231K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$46K

Annual cash flow

$4K

Cash-on-cash

1.60%

DSCR

1.09

Going-in cap

6.02%

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

72,432

Households

31,175

Median income

$69,500

Median age

41.5

Daytime population

110,557

5-yr growth

3.2%

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

Secure deal room

Confidential diligence documents for 2 - 3590 LOBSINGER LINE, Woolwich.

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.