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285 Highway 3 10,000 SF Specialty Building Offered at $1,268,697 at a 5.70% Cap Rate in Tillsonburg, ON N4G 4G7

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EXECUTIVE SUMMARY

Beautifully maintained 7-unit multifamily property offering strong income and long-term investment stability. The building features a desirable unit mix of 1 three-bedroom, 1 two-bedroom, 2 one-bedroom, and 3 bachelor apartments, each thoughtfully updated between tenancies. One unit is currently vacant, providing an immediate opportunity to set new market rent or for flexible owner use. Ample on-site parking and a 2,200 sq.ft. insulated and heated detached garage/shop with plumbing add to the versatility of the property. The shop is currently owner-occupied but could be leased for hobby use, storage, or small business purposes (estimated at ~$2,500/month).The property sits on a 1.09-acre CH-zoned corner lot with dual road access, allowing for multiple future-use possibilities and income growth potential. Conveniently located along Highway 3 between Tillsonburg and Delhi, this is an excellent investment for those seeking a clean, well-managed asset with reliable tenants and upside potential.

PROPERTY FACTS

Price $1,268,697 USD
Price Per SF $126.87 USD
Sale Type Investment or Owner User
Cap Rate 5.70%
Property Type Specialty
Lot Size 1.06 AC
Building Size 10,000 SF
No. Stories 2
Year Built 1970
Zoning CH - Combined Multi Residential and Commercial uses.
  • Listing ID: 38143680

  • Date on Market: 10/20/2025

  • Last Updated:

  • Address: 285 Highway 3, Tillsonburg, ON N4G 4G7

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