27
$1,599,000 Sale
Listed 3 hours ago
31 Clearview Drive
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Listing History
Buy/Sell/Terminated/Expired listing history for 31 Clearview Drive
Key Facts
Key facts for 31 Clearview Drive
Property Type
Commercial
Parking
None
MLS #
X14155934
Size
-
Basement
-
Listed on
2026-11-06
Lot size
180 x 321.0
Tax
$5,131.89 /yr
Days on Market
0
Approximate Age
-
Maintenance Fee
-
Description
Tenanted Industrial Investment Property Generating $102,000 In Annual NET Operating Income Under a Triple-Net Lease For An Approx. 6.5% CAP Rate. The Health Canada Licensed Cannabis-Sector Tenant Operates Multiple Locations And Has Approximately Three Years Remaining On The Current Lease Term, With ...Scheduled Annual Rent Increases And One 5-Year Renewal Option. Building Totally Renovated In 2022 Including: 400 Amp / 600 Volt Upgraded Service, Fenced/ Gated Perimeter, Multi-Camera Advanced Security System Including Exterior Infrared Camaras, Epoxy Floors And PVC Walls & Ceilings Throughout Main Floor. The Building Offers 3200 Sq. Ft. On The Main Floor Plus An 800 Sq. Ft. Mezzanine With An Office, Security Room, Lunch Room, IT Room, 2nd Washroom And Additional Storage. Fully Serviced 0.54 Acre Reversed Pie-Shaped Lot With A Frontage Of 180 Ft. And Depths Of 321 Ft & 216 Ft. Zoning Permits Up To 70% Lot Coverage, Offering Potential For Building Expansion. Ideal Investment Property For A Passive Investor Looking To Add To Their Portfolio.
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Courtesy of: SKYBOUND REALTY