Business For Sale · Specialty

7 THIRD AVENUE N, South Bruce Peninsula

7 THIRD AVENUE N, South Bruce Peninsula, ON N0H2G0

$549,900 total

5,253 SF

Asset Class

Specialty

Size

5,253 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

$105

Occupancy

98%

About this property

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)

Financial sandbox

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Estimate
Purchase price$550K
Down payment30% · $165K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

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.

Rent roll (estimated)

TenantAreaExpiry
Blue Harbour Design1,558 SF2029-11
Blue Harbour Design3,585 SF2029-11

Area demographics

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.

Secure deal room

Confidential diligence documents for 7 THIRD AVENUE N, South Bruce Peninsula.

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.