
















1/1854 JAMES STREET, Parry Sound, ON P2A1T5
$299,999 total
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Asset Class
Retail
Size
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Building class
B
Zoning
CB1 — Low Intensity Business
$ / SF
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Occupancy
92%
Visit the REALTOR website for further information about this Listing. A rare opportunity to own a downtown commercial property in the heart of Parry Sound. Whether you're an entrepreneur looking for an affordable location for your own business, an investor looking for a downtown commercial property, or someone looking for a property with future redevelopment possibilities, 54 James Street offers exceptional flexibility. Located on James Street in downtown Parry Sound, this approximately 1,064 sq. ft. two-storey building with a basement sits on a compact 14' 73' lot and is zoned C1 General Commercial. The building offers two full above-grade levels plus a basement, with a bathroom on both the main level and upper level, providing practical flexibility for a variety of potential commercial uses. Flexible C1 zoning,The C1 General Commercial zoning permits a broad range of commercial uses, giving a future owner numerous possibilities for the property. Potential permitted uses include: Retail & Business Retail store Professional or business office Personal service establishment Service shop Financial institution Wholesale/retail establishment Food & Hospitality Restaurant Bakery Hotel Lodging/tourist accommodation Professional & Service Clinic Veterinary clinic Commercial school or training facility Art gallery Printing establishment Dry cleaning establishment Laundromat Custom workshop Equipment rental Entertainment & Recreation Entertainment establishment Place of amusement Recreational uses Automotive & Marine Automotive sales Auto repair/service Car wash Motor vehicle rental Marine-related retail Recreational vehicle sales/storage/repair Other commercial opportunities Building supply Garden/nursery centre Storage/mini-warehouse Parking-related uses And other uses permitted under the C1 zone. The C1 zoning also recognizes residential uses, including a converted dwelling, as permitted uses. (id:66811)
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Monthly debt service
$1K
Projected NOI
$19K
Annual cash flow
$2K
Cash-on-cash
2.30%
DSCR
1.12
Going-in cap
6.23%
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
54,754
Households
22,068
Median income
$136,500
Median age
39.1
Daytime population
69,873
5-yr growth
3.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 54 JAMES STREET, Parry Sound.
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.