(519) 870-7650 123myproperty@gmail.com

Listings

Mike Sloan is a licensed Sales Representative with Royal LePage Triland Realty, Brokerage 334 Wellington Road South London, ON N6C 4P6 independently owned and operated brokerage.

Results Driven Real Estate

Having Sold over 200 homes, my formula is focused on you.

37 ONTARIO Street N 1
Grand Bend, Ontario ON N0M 1T0
$1,499,900 Price
Active Status
9,000 SqFt
1.011 Acres
40173571 Listing ID
GRAND BEND, ON hassle free income opportunity just steps to the 3rd best beach in Canada* & situated in a high traffic location in one of the most prosperous beach towns in the country! Attention investors in search of a stable & secure venue to park some money: This young & fresh commercial space provides 9000 square feet of fixed term income across 3 separate units generating $94.4K per yr collectively with two 3 yr leases & the 15 yr gym tenant on a 3 yr lease in the largest unit, all NET NET, with owner expenses under $1K per yr! As most savvy income-minded investors are aware, ridiculously low interest rates & an exceptional seller's market environment have resulted in pricing levels on multi-unit investment properties exceeding the cap rates landlord buyer types have traditionally demanded. This is particularly true in thriving city markets with the highest population density. This phenomenon is one of the catalysts for the recent & very substantial investments that have been made in the Grand Bend area over past 12 months, as cap rates here are still respectable! In the wake of a world pandemic proving to the current crop of residential buyers that a work at home lifestyle is attainable, more families & younger generational buyers are migrating to rural areas & smaller towns, especially towns with world class beaches. Smart money is recognizing this trend. During the past year alone, there has been approximately 10 times more capital invested on individual property sales for development purposes on commercial & mixed use properties in Grand Bend than the amount spent on such land & buildings in the previous 15 yrs COMBINED! Why is all of this so crucial for a multi-unit investment property like this one? The result is stronger customer bases for yr round commercial tenants. And with commercial tenancy, landlord's upkeep responsibilities are minimal + the Commercial Tenancies Act is much more landlord friendly compared to the RTA! Easy money ladies & gents!
Schedule Showing Virtual Tour
Status Active
County Lambton
Year Built 2001
Property Type Commercial Sale
Commercial Sale
Property Sub Type Part of Building

Primary Features

County: Lambton
Property Sub Type: Part of Building
Property Type: Commercial Sale
Year Built: 2001
Zoning: C2

Interior

Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Building Area Units: Square Feet
Cooling: Central Air
Heating: Forced Air, Gas
Number Of Washrooms: 4
SqFt Range: 8001 to 9000
Stories Total: 1

External

Acres Range: 0.50–1.99
Construction Materials: Brick, Concrete Poured
Exterior Features: Landscaped
Foundation Detail: Poured Concrete
Garage Spaces Description: Ground Level Parking
Lot Size Area: 1.011
Lot Size Dimensions: x
Lot Size Source: GeoWarehouse
Lot Size Units: Acres
Number Of Office Units: 1
Number Of Retail Units: 1
Parking Features: Plaza
Parking Total: 48
Property Attached: Attached
Sewer: Sewer (Municipal)
Water Source: Municipal

Location

Building Area Source: Builder
Directions: GPS to 37 Ontario St North, Grand Bend, ON - situated adjacent to the Tim Hortons drivethru & the only legit EV charger in town plus featuring loads of tenant parking & fully accessible entrances done to code!
Features Area Influences: Ample Parking, Beach, Downtown, Golf, High Traffic Area, Highway Access, Lake Access, Landscaped, Library, Major Anchor, Marina, Park, Place of Worship, Playground Nearby, Rec./Community Centre, River/Stream, Schools, Shopping Nearby
MLS Area Major: Lambton Shores
MLS Area Minor: Grand Bend

Additional

Accessibility Features: 32" Min Doors, Hallway Widths 42" or More, Ramped Entrance
Approximate Age: 16-30 Years
Condo Corporation Number: LSCP 60
Mls Status: Active
Property Management Contact: Bill Norris
Property Management Phone: 519-238-5802
Survey Type: Available
Year Built Source: Builder

Financial

Assessment Roll Number: 384552001047021
Association Fee Frequency: Monthly
Common Interest: Condominium
Current Price: 1499900
Expenses: Actual
Gross Income: 94402
HST Applicable To Sale Price: Yes
Inclusion Remarks: *Reader's digest poll rating Canadian beaches: Grand Bend at #3!
Operating Expense: 700
Price Type: For Sale
Transaction Type: Sale

Zoning Info


© 2021 Ontario Regional Technology & Information Systems, Inc. (ORTIS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of ORTIS. Real estate listings held by IDX Brokerage firms other than Royal Lepage Triland Realty, Brokerage are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is deemed reliable but not guaranteed. Listing courtesy of ROYAL LEPAGE TRILAND REALTY. Data last updated: Saturday, October 16th, 2021 at 05:37:15 PM.

Contact - Listing ID 40173571

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Mike Sloan

9625 Joanne Ave, RR2
Grand Bend, ON N0M 1T0
Phone: 5198707650
Phone Alt: 5198707650

Data services provided by IDX Broker

Let's Sell Something Together

It probably won’t take you long to realize that I am not in real estate to take people’s money.  I’m in real estate to earn it!  On that note, I will leave you with one of my favorite real estate quotes:

“It is a comfortable feeling to know that you stand on your own ground.”
–  Anthony Trollope, famous 19th Century English Novelist

Who is Mike Sloan?

Mike Sloan is a tenured / full-contract marketing professor in the Lawrence Kinlin School of Business at Fanshawe College and also a licensed Realtor with Royal LePage Triland Realty, Brokerage serving Ontario’s West Coast and beyond.

Why is Mike Sloan right for you?
  • Marketing & economic expertise from Southwestern Ontario’s only Marketing Professor Realtor
  • Professionally written listing / ad copy from a marketing practitioner and self-glorified grammar addict
  • Grand Bend’s Only SMO Champion – Top-Rated User in Twitter, Instagram, and Facebook for “Grand Bend”, “Grand Bend Real Estate”, and “Ontario Real Estate”
  • Magazine quality professional photo shoots tailored to marketing plan
  • Professionally scripted & produced custom voice over indoor virtual and outdoor aerial tours in YouTube HD
  • Direct connection with one Michigan’s highest producing Realtors for harvesting of American buyers
  • Professionally produced income value propositions for any commercial properties providing an accurate rate of capitalization against carrying costs in both PDF and video / voice over format.
  • Individual WordPress Web Presence & Ongoing Paid Web Advertising
    • SEO tailored to your property
    • Ongoing Facebook, Adwords, YouTube SEM Advertising Campaigns (in lieu of useless print advertising)
  • Mulit-board Listing on both LSTAR and TREB when appropriate + TREB print advertising in Chinese News
Do you have Commission Rates?

Starting from:

Full Service Executive Listing (List Price of $1.6 Million & Higher)

Including Every Feature from the List Above

  • 3.5% to 4% with two Realtors depending on market rates of cooperating brokerage in neighborhood
    • Listing Brokerage (Sloan) with Two Realtors: 2% of selling price + HST
    • Cooperating Brokerage (Buyer’s Realtor, if involved): Recommended offering to be at least 1.5% to 2% + HST of selling price
  • 2.5% with one Realtor
    • Listing Brokerage (Sloan) Represents both Sides: 2.5% of selling price + HST
What is it like selling a home in Grand Bend?

Selling a home can be a confusing and complicated process. Selecting a salesperson and deciding on a price will be two key decisions. The cost of selling a home, involving quality marketing and customer service, is also a very important consideration. To get the best price for your house, it should be exposed to as many buyers as is possible. Marketing involves much more than simply submitting your for sale listing to the Multiple Listing Service (MLS). Marketing also involves identifying your target market (the buyer) and the features and accompanying benefits that might attract that buyer to your property.

How I solve your problems!

I will be with you throughout the entire selling process anticipating and solving the variety of issues than can arise with a home sale. Frequently, for example, buyers need to sell their own home in order to purchase yours. It is often difficult to maintain control and also complete the proper paperwork in circumstances such as these. This is just one example of the many commonplace issues with which I am very skilled at handling.

Contact Us

Brokerage 334 Wellington Road South London, ON N6C 4P6

(519) 870-7650

123myproperty@gmail.com

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