New Listing
32 Clearview Drive W,Tillsonburg, ON N4G 4G8
Tillsonburg, ON N4G 4G8
Description
Excellent opportunity to own approximately 11,000 sq. ft. of industrial property with 5+ years of operation. Zoning allows for cannabis cultivation. 400 amps, 600 volts (3-Phase) electrical service. Building Size: Approximately 11,000 sq. ft.Year Built: 2021Zoning: MG - IndustrialLand Size: 0.71 acresLocation: Industrial/commercial area just off Highway 3Electrical Service: 400 Amps, 600 Volts, 3-PhaseWater Supply: Municipal water with a 1-inch service lineSewer: Connected to municipal sewer systemNatural Gas: Large natural gas service lineBuilding DimensionsMain building: 60 ft. 156 ft.Additional attached section: 35 ft. 26 ft. 14 ft.Major Renovations and Improvements: The property has undergone approximately $500,000 in renovations and improvements. At the time of purchase, the three HVAC units, each rated at 25 tons, had been removed. The seller subsequently reinstalled all three units, providing a total HVAC capacity of 75 tons. Existing Tenant and Investment PotentialMonthly Rental Income: $13,550Annual Rental Income: $162,600Remaining Lease Term: Approximately 2 yearsAsking Price: $2,350,000Approximate Gross Rental Yield: 6.92% annuallyBased on the current rental income, the property offers an approximately 7% gross annual rental yield before expenses. Vendor Take-Back (VTB) Financing: The seller is willing to provide 50% vendor take-back financing in first position, subject to mutually acceptable terms and due diligence. This financing opportunity may allow a qualified purchaser to acquire the property with reduced upfront capital requirements. A compelling opportunity for investors and owner-users seeking a modern industrial property with existing rental income, substantial improvements, and potential vendor financing.
Details
| MLS # | X14085316 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 4 |
| Listing Provided By | CENTURY 21 MILLER REAL ESTATE LTD. | X14085316 085100 |
Features
| Bath(s) | 1 |
|---|---|
| SQ Feet | 11,000 |
| Acreage | 0.25 |
Interior
| Cooling | Yes |
|---|
Exterior
| Community Features | Major Highway |
|---|---|
| Security Features | No |
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 31967 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PT LT 2 CON 6 NTR MIDDLETON; PT RDAL BTN CON 5 & 6 NTR MIDDLETONCLOSED BY 402632; BEING PT 1, 41R9525 TOGETHER WITH AN EASEMENT OVER PART LOT 2 CON 5, PART RDAL BTN CON 5 & 6, NTR, PART 1, 41R5366 AS IN CO293351 TOWN OF TILLSONBURG |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Oxford |
| City | Tillsonburg |
| Postal Code | N4G 4G8 |
| Area | Tillsonburg |
| Listing VS Median (in N4G 4G8) | |
Price: $2,350,000 low | high Med: $2,350,000 sqft: 11,000 low | high Med: 11,000 $ / sqft: $214 low | high Med: $214 On site: 4 low | high Med: 4 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Oxford |
| City | Tillsonburg |
| Postal Code | N4G 4G8 |
| Area | Tillsonburg |
| Listing VS Median (in N4G 4G8) | |
Price: $2,350,000 low | high Med: $2,350,000 sqft: 11,000 low | high Med: 11,000 $ / sqft: $214 low | high Med: $214 On site: 4 low | high Med: 4 | |