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$ 7,900,000
Est. payment | /mo
24,582 SqFt
$ 7,900,000
Est. payment | /mo
24,582 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 24,582 sqft
Price per Sqft $321
Subdivision Brant
MLS Listing ID W12418320
Annual Tax Amount $79,534
Tax Year 2024
Property Sub-Type Land
Property Description
An excellent opportunity to acquire a prime transit-oriented redevelopment opportunity located in Burlington. The property is conveniently located less than 1km southwest of the Burlington GO Train Station, connecting to Toronto's Union Station in 45 minutes and downtown Hamilton in 25 minutes. Additionally, the QEW-Brant Street interchange is located 1km north of the Site. The property has received OLT Approval for a high-rise redevelopment that would allow a33-storey mixed-use consisting of retail/service commercial uses at-grade and residential uses at a maximum density of 1,408 units per net hectare. The OLT approved the development in May 2024 with an interim order allowing the development to move forward. The Vendor is required to submit a Heritage Conservation Plan and a heritage permit application to the satisfaction of the City, prior to the issuance of the final order. There are three major retail centres within a five-minute drive of the Site - The Burlington and Brant Power Centres, Mapleview Mall and RioCan Burlington Centre, providing a comprehensive range of national and international retailers as well as multiple grocery and service options. Downtown Burlington is also just south of the Site, which provides various dining, entertainment and recreational options including the Burlington waterfront trail network, Spencer Smith Park and the Lake Ontario waterfront.
Location
Province ON
County Halton
Community Brant
Area Halton
Zoning Mixed Use General Site Specific 541 (H-MXG-541)
Exterior
Utilities Available Available
Lot Frontage 143.0
Lot Depth 239.0
Listed by CUSHMAN & WAKEFIELD
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN