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$549,900 total
5,253 SF
Asset Class
Specialty
Size
5,253 SF
Building class
C
Zoning
DC2 — Site Specific
$ / SF
$105
Occupancy
98%
LOCATION, LOCATION, LOCATION! An exceptional opportunity in the heart of beautiful downtown Sauble Beach! This unique C4-zoned property offers outstanding flexibility and income potential, just steps from the downtown core and minutes from seven miles of beautiful sandy beach along Lake Huron. The property features two separate buildings, formerly a church and residence. The beautiful interior renovated, year-round cottage offers approximately 527 sq. ft. of comfortable living space, featuring an open-concept kitchen and living area, two bedrooms and a three-piece bathroom. Enjoy the private outdoor patio, firepit and beautifully landscaped grounds. The second building, formerly a church and currently used for storage, presents exciting possibilities for entrepreneurs and investors. Explore its potential for additional rental accommodation, a second cottage, or other commercial opportunities, subject to applicable approvals. With Sauble Beach attracting visitors throughout the spring, summer and fall seasons, this property offers an outstanding opportunity to establish a business, generate rental income or create your own foothold in one of Ontario's most popular beach communities. Live comfortably in the year-round cottage *BOOK SOLID FOR THE LAST 2 SUMMERS GENERATING EXCLLENT REVENUE* while exploring the income potential of the additional building, or take advantage of the property's commercial zoning and versatile possibilities. Whether you're an investor, entrepreneur or looking for a unique live-and-work opportunity, this is a property with location, character and tremendous potential. Sauble Beach is calling! (id:66811)
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Monthly debt service
$3K
Projected NOI
$36K
Annual cash flow
$6K
Cash-on-cash
3.40%
DSCR
1.18
Going-in cap
6.56%
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 |
|---|---|---|
| Blue Harbour Design | 1,558 SF | 2029-11 |
| Blue Harbour Design | 3,585 SF | 2029-11 |
Trade area within 3 miles of the property.
Population
143,885
Households
58,440
Median income
$120,000
Median age
34.7
Daytime population
139,895
5-yr growth
8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 7 THIRD AVENUE N, South Bruce Peninsula.
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.