The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Located on high visibility high traffic Lorne Avenue. The site has an entrance off of Lorne Avenue for clients and tenants as well as large parking area for staff it also has an entrance of of Griffith Rd. For loading and unloading. The building has a single phase hydro with multiple tenants at the moment however there is the ability to upgrade to 3 phase at the street perfect for light & heavy construction. The heating source for the building is gas and has half offices on the main floor and high bay warehouse in the rear; the building is air conditioned with a 5 ton unit. The upper floor has offices throughout. Mixed use main floor for multiple tenants or potential with 2 plus acres for industrial. The construction of the building lends itself for expansion as the steel open span structure allows the rear of the building to be opened to potential expansion. Core slab open flooring system loaded on steel beams. Entrance off of Lorne Ave as well as entrance off of Griffith Rd. with ample space for transport turn around. There are 14 by 14 surface loading door as well as man doors to support the use. Environmental study will be done during the listing process. This is a one owner building that has had light use from the start. Signage is a highly visible sign board as well as on the building. For layout of the building as well as details there is an iguide to look at the space as well as all plumbing fixtures and layout. There is additional drawings of the building that may be provided as well. For current as well as future potential this is a great site and is perfect for a mixed use to support the manufacturing as well as light use business for today and potential for expansion in the future.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$12,758/mo
Mortgage (principal + interest)$11,219
Property taxFrom listing: $18,464/yr$1,539
Minimum 20% ($599,800 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$599,800
Ontario land transfer taxProvincial brackets, no first-time refund$61,450
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$664,050
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Stratford has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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