38 MILL STREET, Stirling-Rawdon (Stirling Ward)38 MILL STREET, Stirling-Rawdon (Stirling Ward) — photo 2
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For Sale · Retail

38 MILL STREET, Stirling-Rawdon (Stirling Ward)

38 MILL STREET, Stirling-Rawdon (Stirling Ward), ON K0K3E0

Price on request

1,500 SF

Asset Class

Retail

Size

1,500 SF

Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

92%

About this property

Bring your business to Mill Street in downtown Stirling. This approximately 2,000 sq. ft. commercial space is one of four storefront units featuring newly renovated storefronts with a modern stucco finish. Establish or expand your business in a small-town setting serving the village and surrounding rural communities. Stirling's local shops, community events and Festival Theatre contribute to its appeal, with Belleville, Trenton and Highway 401 within convenient driving distance. Consider the possibilities for specialty retail, a boutique, a studio or a service-based business, subject to zoning and any required approvals. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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
Meridian Health Group600 SF2027-11
Meridian Health Group400 SF2028-11
Meridian Health Group435 SF2028-11

Area demographics

Trade area within 3 miles of the property.

Population

70,472

Households

28,354

Median income

$131,500

Median age

38.8

Daytime population

104,700

5-yr growth

2.5%

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

Secure deal room

Confidential diligence documents for 38 MILL STREET, Stirling-Rawdon (Stirling Ward).

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.