569 CATHERINE STREET

$1,799,999

Listing ID: X13247170

LPT Realty

569 CATHERINE STREET, Saugeen Shores, Ontario, N0H2C1

Property Type: Office Building Area: 3892 sqft
Description

Welcome to 569 Catherine Street, a fully renovated, turn-key commercial property offering a secure and lucrative investment in one of the region's growing family-oriented communities. This building has been completely gutted and professionally updated from top to bottom, including new plumbing, electrical, Hvac, roof, windows, and all systems brought up to current codes and requirements for daycare and tutoring operations. The result is a modern, compliant facility with long-term potential. Currently tenanted by a high-quality, upscale daycare and tutoring business with 3 years remaining on the lease (plus renewal option), this property generates over $105,000 annually in guaranteed rental income with built-in yearly increases. The tenant is responsible for all TMI (taxes, maintenance, and insurance), making this a truly hands-off, high-yield opportunity. Located in a family-friendly area with schools, parks, and residential neighborhoods nearby, the demand for childcare remains strong, supporting the stability and long-term viability of the tenant. With a professionally structured lease and a tenant invested in staying long term, 569 Catherine Street is not just a building, it's a rare chance to own a secure, income-producing asset in a thriving community. Large lot would allow for future building/expansion. Property has 7 washrooms, additional separate sinks and includes a full kitchen. (id:24871)


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Details

Equipment: Water Heater Farm: Other
Parking Spaces: 16 Rental Equipment: Water Heater
Transaction: For sale Zoning Description: RM

Building

Appliances: Dryer, Microwave, Washer Cooling: Fully air conditioned
Heating Fuel: Natural gas Heating: Forced air
Size Interior: 3892 sqft Type: Offices
Utility Water: Municipal water

Land

Size Frontage: 99 ft Size Depth: 132 ft
Size Irregular: 99 x 132 FT

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