+45 more
3,892 sqft
Building Area
16
Parking
About This Property
This office in Saugeen Shores offers 3,892 sqft of building area. The property has lot dimensions of 99 x 132 FT. The home features forced air, natural gas heating, fully air conditioned. Highlights include a 16-car garage.
MLS Remarks
Welcome to 569 Catherine Street, a fully renovated, turn-key commercial property offering a secure and lucrative investment in one of the region's growing family-oriented communities. This building has been completely gutted and professionally updated from top to bottom, including new plumbing, electrical, Hvac, roof, windows, and all systems brought up to current codes and requirements for daycare and tutoring operations. The result is a modern, compliant facility with long-term potential. Currently tenanted by a high-quality, upscale daycare and tutoring business with 4 years remaining on the lease (plus renewal option), this property generates over $100,000 annually in guaranteed rental income with built-in yearly increases. The tenant is responsible for all TMI (taxes, maintenance, and insurance), making this a truly hands-off, high-yield opportunity. Located in a family-friendly area with schools, parks, and residential neighborhoods nearby, the demand for childcare remains strong, supporting the stability and long-term viability of the tenant. With a professionally structured lease and a tenant invested in staying long term, 569 Catherine Street is not just a building, it's a rare chance to own a secure, income-producing asset in a thriving community. Large lot would allow for future building/expansion. Property has 7 washrooms, additional separate sinks and includes a full kitchen. (id:60351)
Inclusions
Washer, dryer, Fridge, Stove, Microwave (all owned by day care) Lorex Cameras
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