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For Sale · Retail

1140 BAY STREET, Norfolk (Port Rowan)

1140 BAY STREET, Norfolk (Port Rowan), ON N0E1M0

$499,900 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

99%

Lot Size

3582 ac

About this property

Prime Institutional Property in Port Rowan. Discover an exceptional opportunity in the heart of Norfolk County, - over 3500 square feet of versatile building ideally suited for community-focused endeavours. Currently serving as a welcoming church, this property offers a blend of functionality, accessibility, and potential for a variety of institutional uses under Norfolk County's zoning bylaws. Large main assembly area perfect for gatherings, services, or events, complemented by ancillary rooms that could serve as offices, classrooms, or storage. Built to institutional standards, with ample natural light, high ceilings in the primary space, and essential amenities including restrooms, a kitchenette, and dual HVAC systems to ensure comfort year-round. Situated on a generous lot with parking, daycare fenced outdoor area with access to the main building. Easy access via major roads, making it convenient for visitors from across the county. Whether you're looking to continue its religious heritage, repurpose it for educational programs, or transform it into a vibrant community hub, this building represents a rare find in a growing region. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$500K
Down payment30% · $150K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$30K

Annual cash flow

$2K

Cash-on-cash

1.66%

DSCR

1.09

Going-in cap

6.04%

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

74,779

Households

33,281

Median income

$123,500

Median age

39

Daytime population

83,972

5-yr growth

9.3%

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

Secure deal room

Confidential diligence documents for 1140 BAY STREET, Norfolk (Port Rowan).

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.