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MLS®: X12863194 |
Status: For sale
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Location:
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189-193 HIGH STREET, Saugeen Shores Ontario, N0H2L0
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Description: |
Exceptional 6% CAP mixed-use investment opportunity at 189-193 High Street in the heart of Southampton. Offered together as one package, these two extensively rebuilt and renovated buildings feature high-end finishes and a desirable mix of commercial and residential units, all fully leased with quality tenants in place, delivering immediate income and long-term investment stability. Located just steps from Southampton Beach and approximately 20 minutes from Bruce Power, the property benefits from strong demand in one of Ontario's most sought-after lakeside communities.At 189 High Street, the main level offers a well-positioned commercial space with two updated residential apartments above. 193 High Street includes a prominent commercial unit, a main-floor residential suite, and two additional residential units on the upper level. The residential mix offers versatile layouts including two-bedroom units, one-bedroom suites, and a one-bedroom plus den, appealing to a wide range of professional and long-term tenants.Each unit has been thoughtfully modernized with premium finishes, creating attractive, turn-key spaces that continue to draw stable, high-quality tenants. Dedicated parking for tenants further enhances convenience and long-term tenant retention.With excellent main street visibility, strong tenant demand, and proximity to beaches, restaurants, and shops, this property represents a rare opportunity to acquire a fully stabilized, like-new income-producing asset delivering a 6% return in a premier waterfront community.Rent roll, financials, and additional photos are available upon request.Additional Opportunity: 174 High Street is also available for purchase, creating the potential to assemble a *larger portfolio of prime mixed-use real estate along Southampton's main commercial strip. (id:2471) |
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Property: |
| Type: Industrial |
| Lot Dimensions: Bldg=25 x 100 FT | Acreage: Bldg=25 x 100 FT |
| Water: Municipal water |
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Structure: |
| Style: Multi-Tenant Industrial | Square Footage: 6353 sqft |
| Heating: Forced air |
| Heating Type: Natural gas |
| Cooling Type: Fully air conditioned |
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Royal LePage - Lakes of Haliburton, Brokerage
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