115 Grenville WAY, Merrickville-wolford, ON K0G 1N0
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115 Grenville WAY, Merrickville-wolford, ON K0G 1N0
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 2,199,998
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115 Grenville WAY Merrickville-wolford, ON K0G 1N0

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Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Subdivision 804 - Merrickville

MLS Listing ID X13458216

Annual Tax Amount $12,389

Tax Year 2025

Property Sub-Type Commercial Retail

Lot Depth 331.94

Lot Front 276.31

Property Description

115 Grenville Way presents a rare opportunity to acquire a purpose-built commercial investment property offering dependable cash flow, strong tenant stability, and immediate upside through future expansion.The property consists of approximately 12,000 square feet of custom-built commercial space situated on a generously sized lot with ample parking and excellent accessibility. The building is comprised of a 9,000-square-foot warehouse and a 3,000-square-foot fitness facility, creating a diversified income stream supported by established long-term tenants.The warehouse component is fully leased to a long-term tenant, providing reliable occupancy and stable rental income. Complementing the industrial space is the town's only fitness center, a well-established and highly active business that has become an essential service within the Merrickville community. The gym enjoys strong membership levels, consistent traffic, and limited competition, positioning it for continued success. Current rental revenue totals approximately $8,500 per month, providing immediate income from closing. Investors will appreciate the property's built-in value-add component, as the owner is willing to construct additional square footage for the fitness facility. The tenant has indicated a willingness to lease the expanded space and pay additional rent, creating a clear pathway to increased revenue and enhanced property value. Investment Highlights 9,000 sq. ft. warehouse leased to a long-term tenant 3,000 sq. ft. fitness facility occupied by Merrickvilles only gym Current rental income of approximately $102,000 annually Opportunity to increase revenue through planned gym expansion Strong tenant retention and established occupancy history Custom-built facility with modern functionality and durable construction Ample parking and efficient site layout Excellent access from a major roadway. Tenants pay all expenses except Building Insurance.

Location

Province ON

County Leeds And Grenville

Area Leeds And Grenville

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 276.31

Lot Depth 331.94

Building

Building Age 6-15

Others

Security Features No

ParcelsYN No

Listed by RE/MAX HALLMARK REALTY GROUP

NEARBY SCHOOLS & PROPERTIES

Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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115 Grenville WAY

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