For Sale · Office

2118/2122 OLD LAKESHORE ROAD, Burlington (Brant)

2118/2122 OLD LAKESHORE ROAD, Burlington (Brant), ON L7R1A3

$4.9M total

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Asset Class

Office

Size

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Building class

B

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

98%

About this property

Rare commercial end user and investment opportunity at 2118 & 2122 Old Lakeshore Road in downtown Burlington. Situated along the shores of Lake Ontario, this 0.40-acre (17,371 sq. ft.) commercial assemblage features 131 feet of site frontage with unobstructed waterfront views. The property comprises two freestanding office buildings offering a total of 7,355 sq. ft. of gross floor area. The site includes a 2,782 sq. ft. 1.5-storey converted office building at 2118 Old Lakeshore Road and a 4,573 sq. ft. 2-storey purpose-built office building with covered under-building parking at 2122 Old Lakeshore Road. Designated under highly permissive Downtown Old Lakeshore Road Zone Area C (DL-C) zoning, the property permits a wide range of uses including professional and medical offices, daycares, institutional facilities, retail, hospitality, or future mixed-use residential redevelopment. On site parking accommodates approximately 25 vehicles across paved surface and covered spaces. The site is fully serviced with municipal utilities and located within walking distance of Brant Street, Spencer Smith Park, dining, and transit, with quick access to the QEW, 403, and 407 interchanges. Seller prefers to sell properties together. (id:66811)

Financial sandbox

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Estimate
Purchase price$4.89M
Down payment30% · $1.47M
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$23K

Projected NOI

$357K

Annual cash flow

$85K

Cash-on-cash

5.82%

DSCR

1.31

Going-in cap

7.29%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

41,660

Households

17,281

Median income

$91,000

Median age

45.3

Daytime population

41,380

5-yr growth

2.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2118/2122 OLD LAKESHORE ROAD, Burlington (Brant).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.