$899,999

For sale

#53-55 5100 South Service Road, Burlington (Industrial Burlington) - Office for Sale

#53-55 5100 South Service Road, Burlington (Industrial Burlington), Ontario, L7L6A5

4 parking2,270 ft²Listed 57 days ago

Overview

This office property in Burlington is for sale offering roughly 2,270 sq ft of space. It has been on the market 57 days, fresher than the Burlington average of 111 days.

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Description

Exceptional opportunity to own a beautifully maintained double-unit office condo offering approximately 2,270 sq. ft. in a highly visible and sought-after QEW corridor. Unit 53, approximately 1,065 sq. ft., is leased at $1,750 per month plus TMI, providing immediate rental income, while Unit 55 will be delivered vacant on closing-ideal for operating your own business while benefiting from income from the adjoining unit. The property features very low maintenance fees, with water included, four designated parking stalls and abundant visitor parking. Bright, clean and professionally appointed, the space is suitable for professional offices, medical and healthcare uses, and religious institutions, along with many other permitted uses. Outstanding QEW exposure, excellent accessibility and the perfect combination of income and vacant space make this a truly unique owner user or investment opportunity. (id:66096)

Property Details

MLS®: W13751462
Property Type: Office
Business Type: Other
Zoning: Bc1
Parking: 4
Interior Size: 2,270 ft²
Heating: Forced air, Natural gas
Cooling: Partially air conditioned
Property Tax: $7,640.13/yr
Listed: 57 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Burlington (Industrial Burlington) listings, avg age

111d

Price / ft²

$396

List price

$900K

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 office in Burlington (Industrial Burlington) has been listed for 57 days, which is 54 days fresher than the city average of 111. Act while there is still low competition.

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Listed by COLDWELL BANKER THE REAL ESTATE CENTRE · MASSARA KHADER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L7L)

This home lists at $899,999, about 7.4× the local median household income of $122,000.

Carrying it typically needs a household income of about $175,801 (20% down, 25-yr amortization, stress-tested) — roughly 44% above the area median.

Median household income: $122,000
Population: 47,433
Median age: 42.4
Owner / renter: 84% / 16%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA L7L)

$899,999· $396/ft²

For sale

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