ON > Centre Hastings > Centre Hastings
Centre Hastings, ON K0K 2C0,42 Durham ST S
Centre Hastings, ON K0K 2C0,42 Durham ST S
Centre Hastings, ON K0K 2C0,42 Durham ST S
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$3,125,000
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42 Durham ST S Centre Hastings, ON K0K 2C0

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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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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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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42 Durham ST S

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