Overview

This retail property in Burlington is for sale offering roughly 7,040 sq ft of space.

Retail Space for Sale in Burlington →All real estate in Burlington →

Description

Being sold under POWER OF SALE due to mortgage default. "As is, where is". Existing use: Drycleaner and alterations store front with residential rooms rented for immediate income potential. Explore the potential uses offered by the City of Burlington Official plan zoning designation "H-DRH", including potential land assembly/retirement home/office and resi/high rise resi. (id:66096)

Property Details

MLS®: W12961432
Property Type: Retail
Zoning: H-DRH
Interior Size: 7,040 ft²
Lot Size: 44 × 160 ft (7,040 sq ft)
Frontage: 44 ft
Heating: Baseboard heaters
Cooling: Fully air conditioned
Property Tax: $5,804/yr
Listed: 212 days ago

Market Timing

Days on market

212d

Burlington (Brant) listings, avg age

60d

Price / ft²

$170

List price

$1.20M

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

This retail in Burlington (Brant) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Area context

Neighbourhood profile (L7S)

This home lists at $1,199,000, about 15.6× the local median household income of $77,000.

Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 204% above the area median.

Median household income: $77,000
Population: 12,207
Median age: 54
Owner / renter: 51% / 49%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA L7S)

$1,199,000· $170/ft²

For sale

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Financing

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1286 Ontario Street, Burlington (Brant) - Retail for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (L7S)

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