2134 HIGHWAY 551, Central Manitoulin2134 HIGHWAY 551, Central Manitoulin — photo 22134 HIGHWAY 551, Central Manitoulin — photo 32134 HIGHWAY 551, Central Manitoulin — photo 42134 HIGHWAY 551, Central Manitoulin — photo 52134 HIGHWAY 551, Central Manitoulin — photo 62134 HIGHWAY 551, Central Manitoulin — photo 72134 HIGHWAY 551, Central Manitoulin — photo 82134 HIGHWAY 551, Central Manitoulin — photo 92134 HIGHWAY 551, Central Manitoulin — photo 102134 HIGHWAY 551, Central Manitoulin — photo 112134 HIGHWAY 551, Central Manitoulin — photo 122134 HIGHWAY 551, Central Manitoulin — photo 132134 HIGHWAY 551, Central Manitoulin — photo 142134 HIGHWAY 551, Central Manitoulin — photo 152134 HIGHWAY 551, Central Manitoulin — photo 162134 HIGHWAY 551, Central Manitoulin — photo 172134 HIGHWAY 551, Central Manitoulin — photo 182134 HIGHWAY 551, Central Manitoulin — photo 192134 HIGHWAY 551, Central Manitoulin — photo 202134 HIGHWAY 551, Central Manitoulin — photo 212134 HIGHWAY 551, Central Manitoulin — photo 22
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For Lease · Office

2134 HIGHWAY 551, Central Manitoulin

2134 HIGHWAY 551, Central Manitoulin, ON P0P1S0

$20 per sq ft / yr

—

Asset Class

Office

Size

—

Building class

B

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

82%

About this property

Prime Commercial Lease Opportunity approximately 1,600 square feet of professional office/commercial space available in the heart of Mindemoya. Ideally located adjacent to the hospital and within walking distance to restaurants, banking, retail, government services, and other community amenities. This versatile space is currently occupied by a long established accounting firm and is well suited for professional offices, medical, dental, physiotherapy, wellness, legal, financial, or other commercial uses subject to landlord approval and applicable zoning . The property offers excellent accessibility, a professional setting, and ample shared on site parking for clients and staff among the three unit building. A rare leasing opportunity in one of Manitoulin Island's most desirable commercial locations. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$20
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-4.80%

DSCR

0.74

Going-in cap

4.10%

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

49,961

Households

22,454

Median income

$103,500

Median age

33.5

Daytime population

82,666

5-yr growth

6.9%

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

Secure deal room

Confidential diligence documents for 2134 HIGHWAY 551, Central Manitoulin.

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.