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$ 6,900,000
Est. payment | /mo
22,314 SqFt
$ 6,900,000
Est. payment | /mo
22,314 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 22,314 sqft
Price per Sqft $309
Subdivision Brant
MLS Listing ID W12418330
Annual Tax Amount $63,533
Tax Year 2024
Property Sub-Type Land
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
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