115 Grenville Way, Merrickville-Wolford, ON K0G 1N0
$2,199,998
115 Grenville Way, Merrickville-Wolford, ON K0G 1N0, Merrickville-Wolford, ON
51677.0 sqft
115 Grenville Way presents a rare opportunity to acquire a purpose-built commercial investment property offering dependable cash flow, strong tenant stability, and immediate upside through future expansion.The property consists of approximately 12,000 square feet of custom-built commercial space situated on a generously sized lot with ample parking and excellent accessibility. The building is comprised of a 9,000-square-foot warehouse and a 3,000-square-foot fitness facility, creating a diversified income stream supported by established long-term tenants.The warehouse component is fully leased to a long-term tenant, providing reliable occupancy and stable rental income. Complementing the industrial space is the town's only fitness center, a well-established and highly active business that has become an essential service within the Merrickville community. The gym enjoys strong membership levels, consistent traffic, and limited competition, positioning it for continued success. Current rental revenue totals approximately $8,500 per month, providing immediate income from closing. Investors will appreciate the property's built-in value-add component, as the owner is willing to construct additional square footage for the fitness facility. The tenant has indicated a willingness to lease the expanded space and pay additional rent, creating a clear pathway to increased revenue and enhanced property value. Investment Highlights 9,000 sq. ft. warehouse leased to a long-term tenant 3,000 sq. ft. fitness facility occupied by Merrickvilles only gym Current rental income of approximately $102,000 annually Opportunity to increase revenue through planned gym expansion Strong tenant retention and established occupancy history Custom-built facility with modern functionality and durable construction Ample parking and efficient site layout Excellent access from a major roadway. Tenants pay all expenses except Building Insurance.
Property Highlights
For Sale
MLS NO.
X13458216
Type
Commercial
Sub Type
Commercial Retail
Square Footage
51677.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Commercial Retail
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X13458216
Security Features
No
Lot Width
276.31
Lot Size Units
Acres
Garage Type
None
Cooling
Yes
Heat Type
Propane Gas
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
115 Grenville Way, Merrickville-Wolford, ON K0G 1N0
City
Merrickville-Wolford
Neighbourhood
804 - Merrickville
County / Region
Leeds and Grenville
Province / State
ON
Postal Code
K0G 1N0
Cross Street
Broadway Street W
Directions
From the main intersection go over the locks and property is on the right at the next intersection
Country
CA
List Price
$2,199,998
Annual Taxes
$12,389
Tax Year
2025
Possession Type
Flexible
Possession Details
Flexible
Listing Office
RE/MAX HALLMARK REALTY GROUP
Board
Ottawa Real Estate Board
Original Entry
2026-06-17T19:38:18Z
Media Updated
2026-06-17T19:38:19Z
Photos Updated
2026-06-17T19:38:19Z
Last Modified
2026-07-30T10:53:34Z
System Modified
2026-07-30T10:53:36.896771Z
MLS Status
Extension
Basement Yn
No
Ddfyn
Yes
Expiration Date
2027-12-31
Heat Type Multi
Propane Gas
Hstapplication
In Addition To, Not Subject to HST
Occupant Type
Vacant
Originating System Id
A00001796
Parcel Number
681070088
Public Remarks
115 Grenville Way presents a rare opportunity to acquire a purpose-built commercial investment property offering dependable cash flow, strong tenant stability, and immediate upside through future expansion.The property consists of approximately 12,000 square feet of custom-built commercial space situated on a generously sized lot with ample parking and excellent accessibility. The building is comprised of a 9,000-square-foot warehouse and a 3,000-square-foot fitness facility, creating a diversified income stream supported by established long-term tenants.The warehouse component is fully leased to a long-term tenant, providing reliable occupancy and stable rental income. Complementing the industrial space is the town's only fitness center, a well-established and highly active business that has become an essential service within the Merrickville community. The gym enjoys strong membership levels, consistent traffic, and limited competition, positioning it for continued success. Current rental revenue totals approximately $8,500 per month, providing immediate income from closing. Investors will appreciate the property's built-in value-add component, as the owner is willing to construct additional square footage for the fitness facility. The tenant has indicated a willingness to lease the expanded space and pay additional rent, creating a clear pathway to increased revenue and enhanced property value. Investment Highlights 9,000 sq. ft. warehouse leased to a long-term tenant 3,000 sq. ft. fitness facility occupied by Merrickvilles only gym Current rental income of approximately $102,000 annually Opportunity to increase revenue through planned gym expansion Strong tenant retention and established occupancy history Custom-built facility with modern functionality and durable construction Ample parking and efficient site layout Excellent access from a major roadway. Tenants pay all expenses except Building Insurance.
