REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 6,900,000
Est. payment | /mo
$ 6,900,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Land
Listing Status Pending
Purchase Type For Sale
Subdivision Brant
MLS Listing ID W12418330
Annual Tax Amount $63,533
Tax Year 2024
Property Sub-Type Land
Lot Depth 168.56
Lot Front 132.45
Property Description
An excellent opportunity to acquire a strategically located, income-generating asset with mid-term redevelopment potential. The properties are located along Brant Street in Downtown Burlington. The site comprises approximately 22,314 square feet (0.512 acres) with 132 feet of frontage along Brant Street. Local planning policy and precedent from adjacent development approvals suggest an estimated redevelopment potential for approximately 190,000 sf - 220,000sf of GFA. The properties are currently tenanted by Bank of Montreal and Culaccino Bar &Kitchen providing reliable holding income to offset carrying costs during the planning phase. The approximate net income for the property is $200,000 per year.
Location
Province ON
County Halton
Community Brant
Area Halton
Zoning DC
Exterior
Utilities Available Available
Lot Frontage 132.45
Lot Depth 168.56
Others
Security Features Partial
ParcelsYN No
Listed by CUSHMAN & WAKEFIELD
GET MORE INFORMATION
QUICK SEARCH