32 Clearview Drive W
Tillsonburg, Tillsonburg, N4G 4G8
$2,350,000
- 1 bathrooms
Listed 4 days ago · MLS® X14085316
About this home
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.
Details
- Type
- Industrial
- Age
- 6-15 years
- Lot
- 75.03 × 427.48 ft
- Garage
- Outside/Surface
- Property tax
- $31,967 (2026)
- Neighbourhood
- Tillsonburg
- Municipality
- Tillsonburg
Interior
- Bathrooms
- 1 × bathroom
Heating, cooling and services
- Heating
- Gas Forced Air Open
- Air conditioning
- Yes
- Utilities
- Yes
Building and exterior
- Age
- 6-15 years
- Building area
- 11,000 Square Feet
More
- Possession
- Flexible
- Cross street
- Highway 3/Clearview Dr
- Business type
- Factory/Manufacturing
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
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The neighbourhood
Getting around Car-dependent
No subway, LRT or GO station within a short trip.
Within a 10-minute walk: no grocery stores, 0 cafés and restaurants, 0 parks.
Schools nearby
Elementary
- Westfield Public School
EQAO: Gr 6 reading 71%, math 45%1.3 km
Secondary
- Glendale High School
EQAO: Gr 9 math 41%, literacy test 73%2.5 km
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area N4G
- Owners / renters
- 72% / 28%
- Median household income
- $75,000
- Average age
- 46
- Children under 15
- 15%
- Homes
- 71% detached, 5% high-rise
- Commute by transit
- 1%
- Population
- 21,519
Languages spoken most at home besides English: German 0.8%, Plautdietsch 0.4%, Hungarian 0.4%, Vietnamese 0.2%.
Safety
Crime Severity Index for Oxford (Tillsonburg) (OPP): 45 vs 57 for Ontario (2025).
Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.
Living here
Commute
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by CENTURY 21 MILLER REAL ESTATE LTD..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.