42 Durham Street

FOR SALE
$3,125,000
42 Durham Street, Centre Hastings
42 Durham Street
42 Durham Street
42 Durham Street
42 Durham Street
Commercial Retail
CATEGORY
6,695 Sq Ft
RETAIL AREA
X12796718
MLSID
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Property Description
Extensively renovated retail building comprising a 6,695 SF Dollarama store, fully upgraded in 2025 to the tenant's newest prototype standards. Brand-new 15-year corporate lease with Dollarama L.P., with the store opening in October 2025. National covenant with roughly 1,700 stores across Canada. Located in the heart of downtown Madoc along the primary commercial corridor. The property also includes a separately leased three-bedroom apartment at the rear, providing supplementary income (representing approx. 3.50% of base rental income). Strong long-term investment supported by a top national discount retailer with a proven track record of resilience and market performance in challenging economic conditions. This asset offers investors a secure and passive income stream underpinned by one of Canada's top-performing retailers.
Property Details
Address
42 Durham Street
Postal Code
K0K 2K0
Property Type
Commercial Retail, Commercial Retail
Use
Retail
Zoning
C1
Lot Size
66' x 170'
Retail Area
6,695 Sq Ft
Taxes
$6,397 (2025
Heat Type
Gas Forced Air Open
Water
Municipal
Garage Type
Outside/Surface
Listing contracted with Lennard Commercial Realty
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