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MLS®: X12863200 |
Status: For sale
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Location:
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174 HIGH STREET, Saugeen Shores Ontario, N0H2L0
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Description: |
Exceptional 6% CAP mixed-use investment in the heart of Southampton. This fully leased 9-unit building has been extensively rebuilt and renovated, offering a rare opportunity to acquire a like-new asset with stable income and long-term reliability. The property features 3 ground-floor commercial units with prime main-street frontage and exceptional exposure, positioned just steps from Southampton Beach. These highly visible spaces attract established, quality commercial tenants benefiting from strong pedestrian traffic and the area's vibrant tourism economy.The upper levels feature 6 beautifully finished residential units with a desirable mix of 3 studios, 1 one-bedroom, 1 one-bedroom + den, and 1 two-bedroom apartment. Each suite has been thoughtfully modernized with contemporary finishes, creating turn-key living spaces that attract high-quality long-term tenants seeking modern accommodations in one of Ontario's most desirable lakeside communities.Amenities include an elevator, dedicated parking for all units, and a rooftop patio, enhancing tenant experience and long-term retention. With full occupancy and a strong tenant roster, this property has proven to deliver consistent, reliable performance for investors seeking stability and minimal capital requirements.Located just 25 minutes from Bruce Power, the building benefits from strong demand from both residential and commercial tenants. This is a rare opportunity to own a fully stabilized, like-new income-producing asset delivering a 6% return in a premier waterfront community.Rent roll, financials, and additional photos available upon request.Additional Opportunity: The neighbouring property at 189-193 High St is also available for sale, presenting a rare opportunity to acquire 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=63.5 x 120 Acre | Acreage: Bldg=63.5 x 120 Acre |
| Water: Municipal water |
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Structure: |
| Style: Multi-Tenant Industrial | Square Footage: 8944 sqft |
| Heating: Radiant heat |
| Cooling Type: Fully air conditioned |
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Royal LePage - Lakes of Haliburton, Brokerage
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Listing Office: Real Broker Ontario Ltd.
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