31 Clearview Drive Tillsonburg, Ontario N4G 4H3
$1,599,000
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. (id:56248)
Property Details
| MLS® Number | X14155934 |
| Property Type | Industrial |
| Community Name | Tillsonburg |
Building
| Bathroom Total | 2 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Coil Fan, Forced Air |
| Size Interior | 4,000 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 321 Ft |
| Size Frontage | 180 Ft |
| Size Irregular | 180 X 321 Ft ; Reverse Pie. 216 Ft Depth West Side |
| Size Total Text | 180 X 321 Ft ; Reverse Pie. 216 Ft Depth West Side |
| Zoning Description | Mg (general Industrial) |
https://www.realtor.ca/real-estate/30486804/31-clearview-drive-tillsonburg-tillsonburg
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November 06 2026 02:36:55
Toronto Regional Real Estate Board
Skybound Realty