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10 SYDENHAM STREET, Grey Highlands

· 1 ac

$1,100,000

INVESTMENT OPPORTUNITY IN GREY COUNTY - FIRST TIME FOR SALE IN 25 YEARS6+% CAP RATE currently with a 3% rent increase being applied to all units in the fall. Home to 4 RENOVATED APARTMENTS & 1 RETAIL. Main floor retail. Downstairs, fronting onto Hwy10 at the main intersection is a very successful boutique Cheese and Charcuterie Food Shop "The Artemesia Cheese Shop" in the bustling town of Flesherton. A are staple for the many high end clients who call Grey Highlands their playground or home. Rents for the Apartments are: Apt A $18k / Apt B $15k / Apt C $12.5K / Apt D $17.8K / Cheese Shop 5 Year Lease for the retail $2,500 + HST with at market rent increase (3%) annually. Annual Gross Rental Income : Artemesia Cheese $33,900Apt A $18,000Apt B $15,000Apt C $12,528Apt D $17,832Total 2025 Gross Income : $97,260 Annual 2025 Expenses :Heat & Hydro : $9,720Property Tax : $3,775Insurance : $3,619Total 2025 Expenses: $17,114.00Vacancy Allowance : (5% of Gross Income) $4,863.00Repairs & Maintenance : (8% of Gross Income) $7,780.00Total 2025 $12,643.00 Gross Income : $97,260.00Less Expenses $29,757.00Net Income (NOI) : $67,503.00Don't miss this fantastic opportunity to own a buys and successful building along the Hwy 10 Corridor in this growing market area.

General Info


MLS Listing ID: X13457030 Bedrooms: 0 Bathrooms: 0 Year Built: 0
Listing Type: Retail Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: N/A Roof: N/A Title To Land: N/A Parking Space Total: 0
Parking: N/A Heating: Forced air, Baseboard heaters Size: 1 ac Air Conditioning : Partially air conditioned
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: N/A
Water Supply: N/A Road Type: N/A Pool Type: N/A
Listed BY: KNUTE DOHNBERG, COLLIERS SOUTHWESTERN ONTARIO, BROKERAGE

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