Saugeen Shores Shopping Centre, Port Elgin, ON
1110 Goderich Street, Port Elgin, ON, N0H 2C3, CA
74,474 sf
Jones Lang LaSalle Real Estate Services, Inc. is pleased to present an opportunity to a acquire a mixed-use retail and residential asset located at 1608-1610 Queen Street East (the “Property” or “Site”). Centrally positioned at the boarder of Leslieville and the Beaches, the Property offers 40 feet (“FT”) of Queen Street frontage, with direct transit access via Coxwell Station along TTC Line 2, and Woodbine Beach just 500 meters to the South.
1608-1610 Queen Street East is improved with a two (2) storey mixed-use asset, totalling 5,968 square feet (“SF”), comprised of two (2) commercial units at grade and four (4) residential units. The Property is fully occupied, with a weighted average lease term (“WALT”) of 4.4 years, offering stable in-place holding income and future rental upside. The Property’s strategic positioning along Queen Street East offers significant long-term redevelopment potential, with the opportunity to scale through the assembly of the adjacent parcels of land.