569 Catherine Street Saugeen Shores, Ontario N0H 2C1

$1,800,000

Welcome to 569 Catherine Street, a fully renovated, turn-key commercial property offering a secure and lucrative investment in one of the region's growing family-oriented communities. This building has been completely gutted and professionally updated from top to bottom, including new plumbing, electrical, Hvac, roof, windows, and all systems brought up to current codes and requirements for daycare and tutoring operations. The result is a modern, compliant facility with long-term potential. Currently tenanted by a high-quality, upscale daycare and tutoring business with 4 years remaining on the lease (plus renewal option), this property generates over $100,000 annually in guaranteed rental income with built-in yearly increases. The tenant is responsible for all TMI (taxes, maintenance, and insurance), making this a truly hands-off, high-yield opportunity. Located in a family-friendly area with schools, parks, and residential neighborhoods nearby, the demand for childcare remains strong, supporting the stability and long-term viability of the tenant. With a professionally structured lease and a tenant invested in staying long term, 569 Catherine Street is not just a building, it's a rare chance to own a secure, income-producing asset in a thriving community. Large lot would allow for future building/expansion. Property has 7 washrooms, additional separate sinks and includes a full kitchen. (id:42776)

Property Details

MLS® Number	X12179254
Property Type	Office
Community Name	Saugeen Shores
Farm Type	Other
Parking Space Total	16

Building

Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	3,892 Ft2
Type	Offices
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	132 Ft
Size Frontage	99 Ft
Size Irregular	99 X 132 Ft
Size Total Text	99 X 132 Ft
Zoning Description	Rm

https://www.realtor.ca/real-estate/28379368/569-catherine-street-saugeen-shores-saugeen-shores