10 SYDENHAM STREET
Grey Highlands, Ontario
MLS® X13457030
$1,100,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X13457030
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 3Listing description
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.
Property summary
- MLS® number
- X13457030
- Property type
- Retail
- Size
- 1 sq ft
- Land size
- 0.53 acres
- Annual property taxes
- $3,774.55
- Days on market
- 144 days
Features & details
- Heating
- Baseboard heaters, Forced air, Natural gas
- Cooling
- Partially air conditioned
What would this home cost you?
Based on the $1,100,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of COLLIERS SOUTHWESTERN ONTARIO, BROKERAGE, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.