285 Highway 3 - Specialty FOR SALE


Tillsonburg, ON N4G 4G7
$17,771,000 CAD
519-536-1640
285 Highway 3, Tillsonburg, ON for Sale
$17,771,000 CAD
Specialty - FOR SALE
1/5
null | 5.7% Cap Rate

285 Highway 3
Tillsonburg, ON N4G 4G7


OVERVIEW

Beautifully maintained 7-unit multifamily property offering strong income and long-term investment stability. The building features a desirable unit mix of 1 three-bedroom, 1 two-bedroom, 2 one-bedroom, and 3 bachelor apartments, each thoughtfully updated between tenancies. One unit is currently vacant, providing an immediate opportunity to set new market rent or for flexible owner use. Ample on-site parking and a 2,200 sq.ft. insulated and heated detached garage/shop with plumbing add to the versatility of the property. The shop is currently owner-occupied but could be leased for hobby use, storage, or small business purposes (estimated at ~$2,500/month).The property sits on a 1.09-acre CH-zoned corner lot with dual road access, allowing for multiple future-use possibilities and income growth potential. Conveniently located along Highway 3 between Tillsonburg and Delhi, this is an excellent investment for those seeking a clean, well-managed asset with reliable tenants and upside potential.

FOR SALE DETAILS

PRICE

$17,771,000 CAD

PRICE/SF

$1,777 CAD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Nick LalliCentury 21 Heritage House LTD Brokerage- WoodstockMore Info
519-536-1640

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Nick LalliCentury 21 Heritage House LTD Brokerage- WoodstockMore Info
519-536-1640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.