Business For Sale · Land

1016-1018 WATERDOWN ROAD, Burlington (Bayview)

1016-1018 WATERDOWN ROAD, Burlington (Bayview), ON L7T1N3

$3.0M total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

93%

Lot Size

0.31 ac

About this property

MXG-zoned development site measuring approximately 90' x 150', conveniently located on a bus route with easy access to major highways and within walking distance to Aldershot GO. Amenities are at your fingertips, whether heading up to Waterdown for shopping and services, exploring the Bruce Trail, or enjoying a relaxing outing at the Royal Botanical Gardens (RBG), LaSalle Park, or Hidden Valley Park. Currently the site of the Aldershot Farmers' Market, this property presents an excellent redevelopment opportunity with potential for an 11-storey building as-of-right, with the opportunity to seek additional height. A 29-storey development has received approval directly across the street, further highlighting the area's redevelopment potential. The properties previously contained single-family homes, and municipal services are already available to the site. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.95M
Down payment30% · $885K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$14K

Projected NOI

$121K

Annual cash flow

$-42K

Cash-on-cash

-4.80%

DSCR

0.74

Going-in cap

4.10%

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

56,248

Households

23,103

Median income

$134,000

Median age

35.9

Daytime population

82,786

5-yr growth

1.4%

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

Secure deal room

Confidential diligence documents for 1016-1018 WATERDOWN ROAD, Burlington (Bayview).

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.