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For Sale · Specialty

2099 BATES Common, Burlington

2099 BATES Common, Burlington, ON L7R0A5

Price on request

1,500 SF

Asset Class

Specialty

Size

1,500 SF

Building class

B

Zoning

US — Urban Services

$ / SF

—

Occupancy

93%

About this property

BUSY PRIME DOWNTOWN LOCATION MINUTES WALK TO BURLINGTON WATERFRONT NEW CONDO DEVELOPMENT, BUSINESSES, RESTAURANTS, SHOPS AND MORE!! Large end unit with both front and backdoor access. Updated Kitchen area and 3 piece washroom including shower. Main floor Lease (750 sq ft) with full basement as an additional ad-on option. Ideal for business professionals, retail boutiques, YOGA Studio, wellness or health services, insurance agencies or other professional services. Large end unit with one parking spot included and visitor and street parking available Flexible lease terms with short term lease option negotiable. Current tenants willing to stay and share lease (weekends) Private Remarks: UTILITIES EXTRA FIRST /LAST REQUIRED (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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.

Rent roll (estimated)

TenantAreaExpiry
Halcyon Wealth Partners890 SF2030-11
Halcyon Wealth Partners400 SF2030-11
Halcyon Wealth Partners400 SF2030-11
Halcyon Wealth Partners400 SF2030-11

Area demographics

Trade area within 3 miles of the property.

Population

103,692

Households

48,696

Median income

$118,000

Median age

31.2

Daytime population

118,841

5-yr growth

6.4%

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

Secure deal room

Confidential diligence documents for 2099 BATES Common, Burlington.

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.