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$ 3,125,000
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Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Centre Hastings
MLS Listing ID X12564298
Annual Tax Amount $6,397
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Extensively renovated retail building comprising a 6,695 SF Dollarama store, fully upgraded in 2025 to the tenant's newest prototype standards. Brand-new 15-year corporate lease with Dollarama L.P., with the store opening in October 2025. National covenant with roughly 1,700 stores across Canada. Located in the heart of downtown Madoc along the primary commercial corridor. The property also includes a separately leased three-bedroom apartment at the rear, providing supplementary income (representing approx. 3.50% of base rental income). Strong long-term investment supported by a top national discount retailer with a proven track record of resilience and market performance in challenging economic conditions. This asset offers investors a secure and passive income stream underpinned by one of Canada's top-performing retailers.
Location
Province ON
County Hastings
Community Centre Hastings
Area Hastings
Zoning C1
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 65.72
Lot Depth 169.93
Others
Security Features Yes
ParcelsYN No
Listed by LENNARD COMMERCIAL REALTY
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