Premier healthcare hub within the Region of Niagara. 94% leased medical building to 13 stable medical tenants. The building is about 26,500 sq ft on 1.32 acres. Net Operating Income of about $530,000, and the cap rate is 6.50% on $8.2MM.
- MLS®#:
- X13084380
- Property Type:
- Office
- Property Style:
- Area:
- Niagara
- Community:
- 211 - Cherrywood
- Taxes:
- $128,553 / 2025
- Added:
- May 05 2026
- Lot Frontage:
- 161.7
- Lot Depth:
- 301
- Status:
- Active
- Outside:
- Year Built:
- Brokerage:
- PERISCOPE REALTY INC.
- Lot :
-
301
161
BIG LOT
- Intersection:
- Portage Rd / Gallinger St
- Rooms:
- Bedrooms:
- Bathrooms:
- Fireplace:
- Utilities
- Water:
- Municipal
- Cooling:
- Yes
- Heating Type:
- Gas Forced Air Open
- Heating Fuel:
Listing Details
Insights
- Prime Healthcare Location: The property is situated in a premier healthcare hub within the Niagara Region, making it an attractive investment for medical professionals and healthcare-related businesses.
- Stable Income Stream: With 94% of the building leased to 13 stable medical tenants, the property generates a Net Operating Income of approximately $530,000, providing a reliable income source for investors.
- Attractive Cap Rate: The property boasts a cap rate of 6.50% on an $8.2 million investment, indicating a strong potential return on investment in the commercial real estate market.
Neighborhood Overview
Complete neighborhood profile for 4256 Portage Road
211 - Cherrywood home prices
Average sold price for Detached, Semi-Detached, Condo, Townhomes in 211 - Cherrywood
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)
