| Message Number | 429178 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| status | Active | ||||||||
| Subject Line | Burlington Plaza $12M Cap Rate $5.5% with Redevelopment Potential | ||||||||
| Business area |
|
||||||||
| Have/Want | Have | ||||||||
| Business category | Shopping Centres/Strip Plazas/Retail Sites Commercial and Industrial Residential estates single family homes condos cottages, vacation homes |
||||||||
| Date of Listing | September 28 2024 | ||||||||
| Location | Burlington | ||||||||
| Price | $12,000,000.00 | ||||||||
| Comments | ? Location: Prime area in Burlington with high-rise redevelopment potential.
? Lot Size: 1.26 acres (Dimensions: 175 ft frontage). ? Fully Leased: Stable mix of residential (20 apartments) and commercial tenants. ? Net Operating Income (NOI): $629,130 annually. ? VTB Financing: $7.5 million at 4.25% interest, interest-only for 2 years. ? Parking: 64 spaces (46 surface, 18 underground). ? Future Potential: City plans for dense, high-rise developments nearby. |
||||||||
| Internet Links | |||||||||
| Member Identifier | 11912 | ||||||||
| Control | Regular Client | ||||||||
| Name | Ali Hamidi-Osgouei, P.Eng., M.Sc. | ||||||||
| Title | P.Eng., M.Sc., REALTOR | ||||||||
| Company Name | HomeLife Ltd. Brokerage | ||||||||
| Address Line One | 28 Drewry Ave | ||||||||
| City | North York | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | M2M 1CB | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (416)836-9209 | ||||||||
| Cell Number | 416-836-9209 | ||||||||
| Email Address | Send Email |
For The Public, buyers and sellers.
For Real Estate Brokers and Salespeople
Global Real Estate Networking Provided By The ICIWorld Association of Real Estate Brokers and Salespeople. Established 1994. Mailing Address: 18 King St. E., Suite 1400, Toronto, Ontario M5C 1C4 Canada 416-777-2633. Orlando, Florida, USA 954-317-2327