905-449-4728 905-493-3399
23
$699,000 Sale
Listed 40 days ago
136 Purdy Road
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Listing History
Buy/Sell/Terminated/Expired listing history for 136 Purdy Road
Key Facts
Key facts for 136 Purdy Road
Property Type
Commercial
Parking
None
MLS #
X13737922
Size
-
Basement
-
Listed on
2026-09-02
Lot size
200 x 125.0
Tax
$4,294 /yr
Days on Market
41
Approximate Age
-
Maintenance Fee
-
Description
An outstanding investment opportunity with excellent Highway 401 access and visibility in Colborne. This established storage facility features 31 storage units in a range of sizes, including units within the main building and Sea-Can storage units, along with additional commercial and outdoor storag...e space.With a projected cap rate of approximately 8.5%, the property offers an attractive opportunity for an investor, storage operator, contractor or business owner seeking operational space combined with income potential.The property is zoned General Industrial-1 (MG-1), allowing for a broad range of uses, including warehousing, outside storage, equipment sales, rental and repair, contractor or tradesperson yard and shop facilities, manufacturing, processing, assembly or fabricating, service shops, building supply operations, transportation-related uses and other permitted industrial uses. Buyers are encouraged to complete their own due diligence regarding zoning and their intended use.The current vacancy rate is higher than normal, see attached disclosure. The present vacancy should therefore not be considered representative of the property's historical or stabilized occupancy.With multiple units immediately available, a new owner has the opportunity to actively lease the vacant space, establish their own rental structure and grow revenue. Its accessible location near Highway 401 makes this a versatile income-producing property with excellent potential for both investment and business use.
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Courtesy of: ROYAL HERITAGE REALTY LTD.