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Business For Sale · Industrial

144 Whiting STREET, Ingersoll

144 Whiting STREET, Ingersoll, ON N5C3B3

$699,000 total

—

Asset Class

Industrial

Size

—

Building class

C

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

99%

Year Built

1950

Clear height

33 ft

Loading docks

8

About this property

INDUSTRIAL LIVE/WORK OPPORTUNITY | HEATED SHOP | FINISHED WORKSPACE | 2-BEDROOM HOME | PLOW TRUCK INCLUDED LIVE WHERE YOU WORK! A rare opportunity for a contractor, tradesperson, entrepreneur or owner-operator seeking a heated workshop, workspace, storage, yard and home on one property. Located within an industrial MR zone, this unique property combines a well-maintained 2-bedroom, 2-bathroom home with a large detached heated workshop offering exceptional functionality and flexibility. The home features two generous bedrooms, two full bathrooms and a versatile office/bonus room. The partially finished basement adds a spacious recreation room, bar area and gas fireplace. The detached shop is the standout, designed for year-round productivity with its own utility meters, two heating units, oversized access doors, office, 2-piece bathroom, laundry and ample storage. Ideal for equipment, vehicles, tools, materials, trade operations, storage, workshop use or other permitted uses. The finished upper-level workspace adds flexibility with a kitchenette and full 3-piece bathroom. Ideal for a private office, meeting space, studio, staff area or other permitted use. Outside, the large fenced backyard offers room for recreation, pets, equipment or outdoor use, plus a hot tub for relaxing. A PLOW TRUCK IS INCLUDED IN THE SALE, adding value for a contractor, tradesperson or property operator. The property's legal non-conforming residential status allows the existing residential use to continue within its industrial setting. Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses and financing requirements. Full list of permitted uses available upon request. Conveniently located near major routes, amenities and Highway 401. SKIP THE COMMUTE. BRING YOUR BUSINESS HOME. Have your shop, office, storage, yard and residence all in one place. If your business needs room to work, store and grow, this property is worth seeing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$699K
Down payment30% · $210K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$45K

Annual cash flow

$7K

Cash-on-cash

3.16%

DSCR

1.17

Going-in cap

6.49%

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.

Area demographics

Trade area within 3 miles of the property.

Population

80,745

Households

36,381

Median income

$105,500

Median age

33.1

Daytime population

123,993

5-yr growth

0.6%

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

Secure deal room

Confidential diligence documents for 144 Whiting STREET, Ingersoll.

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.