2003 LAKESHORE Road, Burlington - Business for Sale

2003 LAKESHORE Road, Burlington, Ontario, L7R1A1

Listed 198 days ago

Overview

This business in Burlington is for sale.

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Description

EXCEPTIONAL LOCATION! This turnkey business in Burlington offers outstanding potential for expansion. Featuring great exposure in a high traffic area, the property is surrounded by established businesses and residential apartments. Strategically located at the corner of Brant Street and Lakeshore Road, it is just steps from Spencer Smith Park, the vibrant waterfront, beach, pier, scenic parks, cycling paths, major transit routes, the GO Station, and all major highways. Enjoy reasonable rent of $8,210/month, inclusive of TMI, utilities, and HST, along with a strong lease term featuring two 5 year renewal options. (id:66096)

Property Details

MLS®: 40821969
Property Type: Business
Basement: None
Listed: 198 days ago

Features

Lot Features: Corner Site, Visual exposure

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

198d

Burlington listings, avg age

59d

List price

$599K

Homes here sell faster than most markets

Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

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Listed by RE/MAX Escarpment LEADEX Realty · Moe Hamzehian

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L7R)

This home lists at $599,000, about 7.0× the local median household income of $86,000.

Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 36% above the area median.

Median household income: $86,000
Population: 17,338
Median age: 45.2
Owner / renter: 49% / 51%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA L7R)

$599,000

For sale

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Financing

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