32 CLEARVIEW DRIVE W, Tillsonburg
$2,350,000
For sale: Other
- Property type
- Industrial
- Bedrooms / bathrooms
- 1 bathroom
- MLS®
- MLS® X14085316
- Neighbourhood
- Tillsonburg
Excellent opportunity to own approximately 11,000 sq. ft. of industrial property with 5+ years of operation. Zoning allows for cannabis cultivation. 400 amps, 600 volts (3-Phase) electrical service. Building Size: Approximately 11,000 sq. ft.Year Built: 2021Zoning: MG - IndustrialLand Size: 0.71 acresLocation: Industrial/commercial area just off Highway 3Electrical Service: 400 Amps, 600 Volts, 3-PhaseWater Supply: Municipal water with a 1-inch service lineSewer: Connected to municipal sewer systemNatural Gas: Large natural gas service lineBuilding DimensionsMain building: 60 ft. 156 ft.Additional attached section: 35 ft. 26 ft. 14 ft.Major Renovations and Improvements: The property has undergone approximately $500,000 in renovations and improvements. At the time of purchase, the three HVAC units, each rated at 25 tons, had been removed. The seller subsequently reinstalled all three units, providing a total HVAC capacity of 75 tons. Existing Tenant and Investment PotentialMonthly Rental Income: $13,550Annual Rental Income: $162,600Remaining Lease Term: Approximately 2 yearsAsking Price: $2,350,000Approximate Gross Rental Yield: 6.92% annuallyBased on the current rental income, the property offers an approximately 7% gross annual rental yield before expenses. Vendor Take-Back (VTB) Financing: The seller is willing to provide 50% vendor take-back financing in first position, subject to mutually acceptable terms and due diligence. This financing opportunity may allow a qualified purchaser to acquire the property with reduced upfront capital requirements. A compelling opportunity for investors and owner-users seeking a modern industrial property with existing rental income, substantial improvements, and potential vendor financing.
Sold data
Homes in Tillsonburg — recent sold market
Homes in Tillsonburg took a median of 42 days to sell over the last 90 days, with the quickest quarter selling within 24 days and the slowest quarter taking more than 90, across 86 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 92 days.
The median sale price was $525,000.
Homes sold for about 2.6% below asking on average, so there was room to negotiate.
About 5% of sales closed above the list price.
Around 41% of sellers reduced their price before finding a buyer.
- Median days to sell
- 42
- Median sale price
- $525,000
- Sale-to-list ratio
- 97.4%
- Sold above asking
- 5%
Based on 86 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Tillsonburg
Tillsonburg has 4 Fraser Institute–rated schools (3 elementary and 1 secondary), averaging 4.2/10.
- Rated schools
- 4
- Elementary
- 3
- Secondary
- 1
- Average rating
- 4.2 / 10
Top-rated schools in Tillsonburg
- Westfield — elementaryFraser rating 5.1/10
- Glendale — secondaryFraser rating 4.7/10
- South Ridge — elementaryFraser rating 4.0/10
- Annandale — elementaryFraser rating 3.1/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
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