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$849,000
Available - For Sale
Listing ID: X10849005
EXCEPTIONAL OPPORTUNITY IN THE PROGRESSIVE COMMUNITY OF SAUGEEN SHORES ON THE SHORE OF LAKE HURON. THIS PREMIER OFFICE BUILDING IS PERFECTLY LOCATED IN THE CC-3 ZONE ALLOWING A MULTITUDE OF USES. THIS 3889 SQ. FT. BUILDING HAS BEEN METICULOUSLY CARED FOR AND PROFESSIONALLY RENOVATED IN 2019 WITH THE WINDOWS REPLACED AND IS MOVE IN READY. THE PROPERTY IS IDEAL FOR PROFESSIONALS SEEKING A WELL LAID OUT AND CONVENIENTLY LOCATED WORKSPACE TO GROW THEIR BUSINESS. THE BUILDING CURRENTLY HAS 2550 OF USUABLE SQUARE FOOTAGE LEASED TO A PREFERRED TENANT. OFFERING A GREAT RETURN ON INVESTMENT. YEARLY MINIMUM RENT WITH UTILITIES PAID IS $49,200.00. THIS IS A SIGNIFICANT CAP RATE . THERE IS A LARGE STORAGE ROOM AND A GARAGE LOADING DOCK OFF THE REAR LANE THAT COULD OFFER MANY OTHER OPPORTUNITIES AND INCOME AS WELL. THERE IS ON-SITE PARKING AS WELL AS PUBLIC PARKING NEARBY. THE BUILDING IS IDEALY LOCATED CLOSE TO BRUCE POWER, AND OPPORTUNITIES OF DEVELOPMENT MAY ALSO BE AVAILABLE.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $83,500 $167,000 $250,500 $334,000
First Mortgage $1,586,500 $1,503,000 $1,419,500 $1,336,000
CMHC/GE $43,628.75 $30,060 $24,841.25 $0
Total Financing $1,630,128.75 $1,533,060 $1,444,341.25 $1,336,000
Monthly P&I $6,981.72 $6,565.98 $6,186 $5,721.98
Expenses $0 $0 $0 $0
Total Payment $6,981.72 $6,565.98 $6,186 $5,721.98
Income Required $261,814.31 $246,224.14 $231,975.06 $214,574.42

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
SUTTON-HURON SHORES REALTY INC. Brokerage

662 GUSTAVUS St , Saugeen Shores, N0H 2C0, Ontario


 
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Type: Com - Office
Area: Bruce
Municipality: Saugeen Shores
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Lot Size: 66.01 x 131.99(Feet)
Approximate Age:
Tax: $4,754
Maintenance Fee: $0
Beds:
Baths: 2
Garage: 0
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