42 Durham Street S, Centre Hastings, ON K0K 2K0, Centre Hastings, ON
6695.0 sqft
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.
Property Highlights
For Sale
MLS NO.
X12935092
Type
Commercial
Sub Type
Commercial Retail
Square Footage
6695.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Commercial Retail
Transaction Type
For Sale
Status
Active Under Contract
Contract Status
Available
MLS® Number
X12935092
Security Features
Yes
Lot Width
65.72
Garage Type
Outside/Surface
Cooling
Yes
Heat Type
Gas Forced Air Open
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
42 Durham Street S, Centre Hastings, ON K0K 2K0
City
Centre Hastings
Neighbourhood
Centre Hastings
County / Region
Hastings
Province / State
ON
Postal Code
K0K 2K0
Cross Street
Durham St S/ St Lawrence St W
Directions
West side of Durham Street S, just south of St Lawrence St W
Country
CA
List Price
$2,950,000
Annual Taxes
$6,397
Tax Year
2025
Legal Description
PT LT 2 W/S DURHAM ST PL 218 PT 1 21R21916; T/W QR677485; S/T QR488477, QR496835; CENTRE HASTINGS ; COUNTY OF HASTINGS
Possession Type
Flexible
Possession Details
TBD
Listing Office
LENNARD COMMERCIAL REALTY
Board
Toronto Regional Real Estate Board
Original Entry
2026-03-30T15:10:22Z
Media Updated
2026-03-30T15:10:23Z
Photos Updated
2026-03-30T15:10:23Z
Last Modified
2026-06-17T11:14:02Z
System Modified
2026-06-17T11:14:02.318057Z
MLS Status
Sold Conditional
Co List Office Name
LENNARD COMMERCIAL REALTY
Ddfyn
No
Expiration Date
2026-06-30
Heat Type Multi
Gas Forced Air Open
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
401900107
Public Remarks
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.