44
202421 Highway 21 N
$799,000 Sale
Listed 31 days ago
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Listing History
Buy/Sell/Terminated/Expired listing history for 202421 Highway 21 N
Key Facts
Key facts for 202421 Highway 21 N
Property Type
Commercial
Parking
None
MLS #
X12303135
Size
-
Basement
-
Listed on
2025-07-18
Lot size
80 x 190.0
Tax
$5,380.06 /yr
Days on Market
37
Approximate Age
51-99
Maintenance Fee
-
Description
Fantastic investment opportunity on the highly visible and bustling Sunset Strip (Highway 21), just outside Owen Sound. This well-maintained commercial building offers exceptional exposure, ample on-site parking, and over 3,500 square feet of space. The main floor features a large reception area, 10... individual usable rooms plus a laundry room, storage room and a 2-piece bathroom. This C4 zoned commercial space offers flexibility for a variety of commercial or professional uses. The upstairs has a 3-bedroom, 1.5-bath apartment which is included in the current lease. The property currently has an excellent long-term commercial tenant. The tenant has the option to rent for the next 16 years. It has an excellent triple net lease, so the taxes, bills, general repairs, and insurance are covered by the tenant. The 6.5 cap rate makes it an ideal property for all investors. If you are looking to expand your commercial portfolio this property checks all the boxes.
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Courtesy of: Ron Hopper Real Estate Ltd.