$995,000
Available - For Sale
Listing ID: X12423365
12 Wallace Street , Brockton, N0G 2V0, Bruce
| Investment opportunity with this 12,000 sq.ft. commercial complex, strategically located on 0.7 acres with dual access from Highway 9 and Wallace St in Walkerton. This property, zoned Highway Commercial and with 36 parking spaces, offers a compelling mix of stable income and significant potential. The tenanted spaces spanning 6,300 sq.ft., are occupied by long-term, tenants in good standing, generating immediate and reliable cash flow. The current occupancy, at approximately 50% of the building's capacity, already yields a stable 6% CAP rate.The ground floor 2600sqft space is a blank canvas, delivered vacant upon possession, presenting a unique opportunity to dramatically increase the property's income and value. This area is perfectly suited for a variety of uses, including medical clinics, professional offices, or specialized retail. Additional vacancy is a cafe/restaurant space. The potential to lease this vacant space offers a clear path to significantly boosting the property's CAP rate and overall return on investment. |
| Price | $995,000 |
| Taxes: | $8615.39 |
| Tax Type: | Annual |
| Occupancy: | Partial |
| Address: | 12 Wallace Street , Brockton, N0G 2V0, Bruce |
| Postal Code: | N0G 2V0 |
| Province/State: | Bruce |
| Legal Description: | LOT 15, PART LOTS 13, 14 & 21 PLAN 105; |
| Directions/Cross Streets: | Wallace St - Trillium Court - Hwy 9 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Category: | Multi-Use |
| Building Percentage: | T |
| Total Area: | 12000.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Days Open: | O |
| Net Income Before Debt: | $69265 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 0 |
| Outside Storage: | F |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| Wilfred McIntee & Co Limited |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Bruce |
| Municipality: | Brockton |
| Neighbourhood: | Brockton |
| Tax: | $8,615.39 |
| Fireplace: | N |
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