$989,900
FOR SALE

Commercial/Retail

Lot: 45.46 x 115.47 ftTotal Area: 3,650 ft2
2023 Taxes: $5,775.8

100 Trafalgar Rd
Erin, ON N0B 1Z0 | Hillsburgh | Wellington

HIGH TRAFFIC, COMMERCIAL INVESTMENT, $6,200 MONTHLY INCOME, 6.4% CAP RATE, AND FULLY RENTED. This prime commercial property, situated on the bustling main thoroughfare of Hillsburgh, represents a stellar investment opportunity. GET IN NOW!! While values are still low, with hundreds of residential homes already approved and underway and hundreds more in the approval process, the population will triple in the next few years, which will only increase an already sound investment. With a secure, long-term anchor tenant on a 15-year lease and 2 fully occupied upstairs residential units, consistent and steady cash flow will be guaranteed, ensuring the prosperity of your investment for years to come. Generating a total monthly income of $6,200 and boasting a cap rate of 6.48%, makes this property a no-brainer for any type of investor. This property is not only financially appealing but has been meticulously updated both structurally and mechanically, with over $150,000 in recent upgrades. The versatility of the C-1 zoning allows for various commercial uses, enhancing its appeal in this high-traffic Trafalgar Road location with ample parking for tenants and customers alike. Additionally, the property includes two updated apartments on the second floor, providing added income potential with little effort and a low vacancy rate due to its popular small-town location. Positioned near a range of amenities including a grocery store, arena, and veterinary clinic, in an area poised for new community developments and population increase, this property offers a unique blend of stability, growth, and convenience, making it a highly attractive option for investors looking to capitalize on Hillsburgh's economic expansion.
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Listed By RE/MAX ESCARPMENT REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8334952
Last Updated May 21, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Category Multi-Use
PIN 711390560
Occupancy Tenant
Possession Date Immediate
Taxes (2023) $5,775.8
Tax Type Annual
Directions/Cross Streets Trafalgar Rd And Geroge St
Neighbourhood Hillsburgh
Area Wellington
Price History

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Detailed Information
Freestanding Y
Lot 45.46 x 115.47 ft
Retail Area 2,175 ft2
Office/Apt Area 1,550 ft2
Total Area 3,650 ft2
Air Conditioning Y
Basement Y
Garage Type None
Heat Type Gas Forced Air Closd
Area Influences Major Highway, Rec Centre
Sprinklers N
Utilities Y
Water Well
Lot/Bldg/Unit Code Lot
Zoning C-1
Seller Property Info Statement N

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