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$ 2,950,000
Est. payment | /mo
$ 2,950,000
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 X12935092
Annual Tax Amount $6,397
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Incredible cap rate and a 15-year corporate lease with Dollarama. Extensively renovated building comprising 6,695 SF, fully upgraded to the tenant's prototype standards, with the store opening in October 2025. National tenant and publicly traded, Dollarama operates over 1,700 locations across Canada. Located in the heart of downtown Madoc along the primary commercial corridor. This asset offers investors a secure and passive income stream underpinned by one of Canada's top-performing retailers. The property also includes a separately leased three-bedroom apartment at the rear, providing supplementary income.
Location
Province ON
County 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
Nearby Locations
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