REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
-
Est. payment | /mo
-
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Grey Highlands
MLS Listing ID X13457030
Annual Tax Amount $3,774
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
INVESTMENT OPPORTUNITY IN GREY COUNTY - FIRST TIME FOR SALE IN 25 YEARS6+% CAP RATE currently with a 3% rent increase being applied to all units in the fall. Home to 4 RENOVATED APARTMENTS & 1 RETAIL. Main floor retail. Downstairs, fronting onto Hwy10 at the main intersection is a very successful boutique Cheese and Charcuterie Food Shop "The Artemesia Cheese Shop" in the bustling town of Flesherton. A are staple for the many high end clients who call Grey Highlands their playground or home. Rents for the Apartments are: Apt A $18k / Apt B $15k / Apt C $12.5K / Apt D $17.8K / Cheese Shop 5 Year Lease for the retail $2,500 + HST with at market rent increase (3%) annually. Annual Gross Rental Income : Artemesia Cheese $33,900Apt A $18,000Apt B $15,000Apt C $12,528Apt D $17,832Total 2025 Gross Income : $97,260 Annual 2025 Expenses :Heat & Hydro : $9,720Property Tax : $3,775Insurance : $3,619Total 2025 Expenses: $17,114.00Vacancy Allowance : (5% of Gross Income) $4,863.00Repairs & Maintenance : (8% of Gross Income) $7,780.00Total 2025 $12,643.00 Gross Income : $97,260.00Less Expenses $29,757.00Net Income (NOI) : $67,503.00Don't miss this fantastic opportunity to own a buys and successful building along the Hwy 10 Corridor in this growing market area.
Location
Province ON
County Grey County
Area Grey County
Zoning C1
Interior
Cooling Partial
Exterior
Community Features Major Highway, Skiing
Utilities Available Yes
Lot Frontage 24.0
Lot Depth 95.7
Others
Security Features No
ParcelsYN No
Listed by COLLIERS SOUTHWESTERN ONTARIO
Nearby Locations