42 ONTARIO STREET, Grimsby (Grimsby East)

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For Sale · Office

42 ONTARIO STREET, Grimsby (Grimsby East)

42 ONTARIO STREET, Grimsby (Grimsby East), ON L3M3H1

$1.3M total

2,827 SF

Asset Class

Office

Size

2,827 SF

Building class

Zoning

CO — Commercial Office

$ / SF

$460

Occupancy

88%

About this property

A Rare Commercial Gem & Turnkey Executive HQ in Downtown Grimsby! Offering 2,827 sq. ft. of impeccably restored commercial space, 42 Ontario Street seamlessly pairs timeless historic character with sleek, high-end modern functionality. This versatile property features 12 private offices, a welcoming client reception area, a professional staff lounge, and a private back deck ideal for outdoor breaks or team meetings.Completely turnkey and move-in ready, this space is tailored for legal practices, financial firms, medical/wellness professionals, tech hubs, or savvy investors seeking a premium income-generating asset. A coveted downtown asset: the property boasts its own dedicated, private multi-car parking lot right on site. Commanding prime street exposure with high foot and vehicular traffic, you are steps from boutique shops and dining, with lightning-fast QEW access connecting your business directly to the GTA and Niagara Region. Position your business for prestige and growth! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$1.30M

Down payment30% · $390K

Interest rate6.25%

Amortization25 years

Occupancy88%

Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$73K

Annual cash flow

$573

Cash-on-cash

0.15%

DSCR

1.01

Going-in cap

5.59%

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)

Tenant	Suite	Area	Rent / SF	Expiry
Lakeview Physiotherapy	290	909 SF	$31.94	2033-07
Lakeview Physiotherapy	290	580 SF	$32.06	2033-07
Lakeview Physiotherapy	290	1,007 SF	$32.18	2033-07

Area demographics

Trade area within 3 miles of the property.

Population

94,216

Households

34,387

Median income

$127,500

Median age

Daytime population

154,034

5-yr growth

3.6%

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

Secure deal room

Confidential diligence documents for 42 ONTARIO STREET, Grimsby (Grimsby East).

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.