1 / 7

Investment signal

$690,000

740 GILLARD STREET

Save this home

Beds

—

Baths

Sqft

—

Year

—

Type

Industrial

Suite

Suite potential

Text Hasan Open map Ask a question

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Chatham-Kent (Wallaceburg). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Exceptional Industrial Opportunity in Wallaceburg! Situated on 0.72 acres and zoned M1 Industrial, this versatile property offers over 8,000 sq ft of functional space, including office and warehouse areas. Ideal for a wide range of uses, potential apply the micro-cultivation licensing .The property features 3-phase 600V / 400 Amps power, two separate hydro meters, and two gas meters - perfect for heavy industrial or specialized operations. Municipal water service in place.Equipped with 3 (12'x14') and 1 (20'x14') drive-in roll-up doors, allowing excellent access for shipping and logistics. Heated primarily by radiant/gas systems.Additional bonus: a detached insulated shop (approx. 33' x 40') with 14 ft ceilings and a 12'x12' roll-up door - ideal for secondary operations or rental income.Ample on-site parking with a large gravel yard. Great opportunity for investors and owner-users seeking a rare industrial asset with high power capacity, ideal for a wide range of industrial and specialized uses. (id:65958)

Subtype: Industrial
Community: Wallaceburg
Living area: 9,172 square feet
Lot size: 9,172 acres
Lot dimensions: 9172
On market: Mar 27, 2026
Status changed: Apr 17, 2026
Annual tax: $6,034.02 (2026)
Zoning: M1
Photos: 7
MLS#: X12927106
Area: CHATHAM-KENT_(WALLACEBURG)

Features and systems

Heating

Forced airNatural gas

Cooling

None

Negative cash flow ~$778/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.77%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,269

Financing

Down payment$138,000

Loan amount$552,000

Mortgage$2,797/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$316

Insurance$80

Maintenance$575

CapEx reserve$288

Vacancy loss$173

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,797/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.