















1/1782522 BLUEWATER HIGHWAY, Ashfield-Colborne-Wawanosh (Colborne), ON N7A3X9
$999,000 total
4,000 SF
Asset Class
Multifamily
Size
4,000 SF
Building class
A
Zoning
RA9 — High Rise
$ / SF
$250
Occupancy
95%
Lot Size
10.024 ac
An incredible investment/commercial opportunity exists on a large parcel of land along highly travelled Highway 21, just north of Goderich! This unique property offers excellent exposure, flexible AG4-6 zoning closest to the highway, and a wide range of potential uses including retail, self-storage, office space, hobby farm, pasture use, and/or residential opportunities such as a four-plex dwelling. Site plans for a self-storage business and rebuild were previously approved (attached), with by-law amendments allowing for both commercial and residential development. Ideally positioned near Lake Huron cottage country, Point Farms Provincial Park, Goderich, Kincardine, and Port Elgin, this location provides strong accessibility and long term opportunity. The property includes existing structures that can be renovated or repurposed, including a 1,000 sq. ft. retail area, a spacious home or office area with a 1,200 sq. ft. basement, a separate 780 sq. ft. apartment, and a detached 840 sq. ft. garage/shop with a metal roof. With an abundance of parking capacity and room for further development, this property offers a strong foundation for a new business, expansion, investment project, or mixed-use concept. Bring your vision to life along the beautiful Lake Huron shoreline, where exposure, flexibility, and future potential come together in one rare offering. NOTE: Property is being sold "as is, where is". Phase 2 Environmental Study is available. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$5K
Projected NOI
$47K
Annual cash flow
$-9K
Cash-on-cash
-2.88%
DSCR
0.84
Going-in cap
4.68%
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.
| Tenant | Area | Expiry |
|---|---|---|
| Northbridge Logistics | 3,788 SF | 2034-02 |
Trade area within 3 miles of the property.
Population
85,492
Households
40,254
Median income
$82,000
Median age
40.4
Daytime population
110,909
5-yr growth
8.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 82522 BLUEWATER HIGHWAY, Ashfield-Colborne-Wawanosh (Colborne).
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.