For Sale · Retail

568 PLAINS ROAD, Burlington (LaSalle)

568 PLAINS ROAD, Burlington (LaSalle), ON L7T2E5

$660,000 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

93%

Lot Size

0.062 ac

About this property

An exceptional opportunity for an owner-occupier to establish their business along Burlington's evolving Plains Road corridor. This freehold commercial unit offers the benefits of ownership without the structure of a commercial condominium, along with exceptionally low annual maintenance fees. Featuring excellent street exposure, strong visibility and ample parking at both the front and rear, the property is well suited to a variety of retail, service and professional office uses. Currently home to a long established barbershop, the property benefits from Mixed Use General zoning, offering flexibility for a range of business opportunities. Conveniently situated along a major transit route with quick access to nearby highways, the location provides excellent accessibility for customers and staff. With ongoing investment and revitalization along Plains Road, this is an excellent opportunity to secure a highly visible commercial property in an increasingly desirable Burlington location. (id:66811)

Financial sandbox

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Estimate
Purchase price$660K
Down payment30% · $198K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$33K

Annual cash flow

$-4K

Cash-on-cash

-2.04%

DSCR

0.89

Going-in cap

4.93%

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

124,798

Households

51,459

Median income

$98,000

Median age

34.1

Daytime population

210,630

5-yr growth

1.5%

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

Secure deal room

Confidential diligence documents for 568 PLAINS ROAD, Burlington (LaSalle).

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.