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$899,999 total
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Asset Class
Office
Size
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Building class
B
Zoning
CB2 — Central Business
$ / SF
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Occupancy
92%
Exceptional opportunity to own a beautifully maintained double-unit office condo offering approximately 2,270 sq. ft. in a highly visible and sought-after QEW corridor. Unit 53, approximately 1,065 sq. ft., is leased at $1,750 per month plus TMI, providing immediate rental income, while Unit 55 will be delivered vacant on closing-ideal for operating your own business while benefiting from income from the adjoining unit. The property features very low maintenance fees, with water included, four designated parking stalls and abundant visitor parking. Bright, clean and professionally appointed, the space is suitable for professional offices, medical and healthcare uses, and religious institutions, along with many other permitted uses. Outstanding QEW exposure, excellent accessibility and the perfect combination of income and vacant space make this a truly unique owner user or investment opportunity. (id:66811)
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Monthly debt service
$4K
Projected NOI
$56K
Annual cash flow
$6K
Cash-on-cash
2.12%
DSCR
1.11
Going-in cap
6.18%
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.
Trade area within 3 miles of the property.
Population
107,839
Households
42,393
Median income
$80,000
Median age
43
Daytime population
133,540
5-yr growth
9.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 53-55 - 5100 SOUTH SERVICE ROAD, Burlington (Industrial Burlington).
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.