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For Sale · Office

42 ONTARIO Street, Grimsby

42 ONTARIO Street, Grimsby, ON L3M3H1

$1.3M total

2,827 SF

Asset Class

Office

Size

2,827 SF

Building class

B

Zoning

CB2 — Central Business

$ / SF

$460

Occupancy

91%

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
Occupancy91%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$73K

Annual cash flow

$1K

Cash-on-cash

0.33%

DSCR

1.02

Going-in cap

5.64%

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
Lakeview Physiotherapy1,245 SF2027-03
Lakeview Physiotherapy646 SF2027-03
Lakeview Physiotherapy400 SF2027-03
Lakeview Physiotherapy400 SF2027-03

Area demographics

Trade area within 3 miles of the property.

Population

105,239

Households

45,097

Median income

$110,000

Median age

31.9

Daytime population

108,917

5-yr growth

1.3%

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

Secure deal room

Confidential diligence documents for 42 ONTARIO Street, Grimsby.

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.