32 Clearview Drive W Tillsonburg, Ontario N4G 4G8
$2,350,000
Excellent opportunity to own approximately 11,000 sq. ft. of industrial property with 5+ years of operation. Zoning allows for cannabis cultivation. 400 amps, 600 volts (3-Phase) electrical service. Building Size: Approximately 11,000 sq. ft.Year Built: 2021Zoning: MG - IndustrialLand Size: 0.71 acresLocation: Industrial/commercial area just off Highway 3Electrical Service: 400 Amps, 600 Volts, 3-PhaseWater Supply: Municipal water with a 1-inch service lineSewer: Connected to municipal sewer systemNatural Gas: Large natural gas service lineBuilding DimensionsMain building: 60 ft. 156 ft.Additional attached section: 35 ft. 26 ft. 14 ft.Major Renovations and Improvements: The property has undergone approximately $500,000 in renovations and improvements. At the time of purchase, the three HVAC units, each rated at 25 tons, had been removed. The seller subsequently reinstalled all three units, providing a total HVAC capacity of 75 tons. Existing Tenant and Investment PotentialMonthly Rental Income: $13,550Annual Rental Income: $162,600Remaining Lease Term: Approximately 2 yearsAsking Price: $2,350,000Approximate Gross Rental Yield: 6.92% annuallyBased on the current rental income, the property offers an approximately 7% gross annual rental yield before expenses. Vendor Take-Back (VTB) Financing: The seller is willing to provide 50% vendor take-back financing in first position, subject to mutually acceptable terms and due diligence. This financing opportunity may allow a qualified purchaser to acquire the property with reduced upfront capital requirements. A compelling opportunity for investors and owner-users seeking a modern industrial property with existing rental income, substantial improvements, and potential vendor financing. (id:50787)
Business
| Business Type | Manufacturing |
| Business Sub Type | Manufacturing |
Property Details
| MLS® Number | X14085316 |
| Property Type | Industrial |
| Community Name | Tillsonburg |
| Amenities Near By | Highway |
| Parking Space Total | 21 |
Building
| Bathroom Total | 1 |
| Age | 6 To 15 Years |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 11,000 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Land Amenities | Highway |
| Size Depth | 427 Ft ,5 In |
| Size Frontage | 75 Ft |
| Size Irregular | 11000 |
| Size Total | 11000 Ac |
| Size Total Text | 11000 Ac |
| Zoning Description | N/a |
https://www.realtor.ca/real-estate/30409768/32-clearview-drive-w-tillsonburg-tillsonburg
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October 16 2026 01:36:09
Toronto Regional Real Estate Board
Century 21 Miller Real Estate Ltd.