24527 Highway 7 Highway, Sharbot Lake, Ontario K0H 2P0

Listed for:
$349,900
0 beds
0 baths
Listed 140 days ago
24527 Highway 7 Highway, Sharbot Lake, Ontario K0H 2P0

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MLS® number:
1372133
Agent:
Brad Closs
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About

3 unit office building w/125 ft frontage on hwy #7 in Sharbot Lake, an overabundance of parking on this 0.37 acre lot in high traffic location on the corner of hwy #38 & hwy# 7, 20 mins west of Perth, just 125 miles to the Greater Toronto Area, septic system installed in 2007, locate your office here & take advantage of the millions of vehicles that driveby every year & watch business boom, benefit from the many people from the GTA who go on vacations in Sharbot Lake, this building will attract good tenants because of the upscale atmosphere, obtain your license to print money when you put your name on the deed, this is the big Holstein- the king of the cash cows, you can never go wrong with revenue producing real estate, taxes- $2,108.67 for 2023, insurance - $2,178.36 for 2023, hydro/heat(electric baseboard) cost- $225/month on equal billing =$2,700/year, eacy access to the building with 2 entrances -one off hwy #38 & one off hwy #7, buy now before values skyrocket, mls# 1372133 (id:27476)

Property Highlights

Type
Cooling type
Heating fuel
Fireplace
No
Construction material
Parking space
20
Ownership Type
Freehold
Amenities nearby

Location

Summary

This office building is a freehold property with a total of 20 parking spaces available. It consists of three units and has 125 feet of frontage along Highway #7 in Sharbot Lake. Situated on a 0.37-acre lot at the intersection of Highway #38 and Highway #7, this property offers ample parking in a high-traffic area. It is conveniently located just 20 minutes west of Perth and 125 miles from the Greater Toronto Area.

The building features a septic system that was installed in 2007. Its prime location ensures a high volume of passing traffic, making it an ideal spot for businesses to thrive. Additionally, the proximity to Sharbot Lake, a popular vacation destination for residents of the GTA, further enhances the property's appeal. The upscale atmosphere of the building is expected to attract quality tenants, making it a lucrative investment opportunity.

With the potential to generate substantial revenue, this property is likened to a "cash cow" and is described as a "license to print money." The annual expenses for the property include $2,108.67 in taxes, $2,178.36 in insurance for the year 2023, and an estimated monthly cost of $225 for hydro/heat (electric baseboard), totaling $2,700 annually. The building offers easy access with two entrances, one off Highway #38 and the other off Highway #7.

It is recommended to act quickly and purchase this property before its value increases. The property is listed for sale under MLS# 1372133 and is located at 24527 Highway 7 Highway in Sharbot Lake, Ontario. The land size is irregular, measuring 125 feet by 0 feet. The postal code for this property is K0H2P0.