Description

Prime investment opportunity! Approximately 17,732 sq. ft. freestanding commercial building on a large corner lot in a highly desirable Oakville location. Fully leased and currently operating as a restaurant, banquet hall and lounge, offering immediate income potential. Excellent visibility, ample parking, and convenient access to the QEW, Highway 403 and Highway 407. A rare opportunity to own a high-profile commercial asset with strong long-term investment potential. (id:66096)

Property Details

MLS®: W13578934
Property Type: Retail
Zoning: E4 sp:153
Parking: 90
Interior Size: 17,732 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $69,326.23/yr
Listed: 110 days ago

Market Timing

Days on market

110d

Oakville (QE Queen Elizabeth) listings, avg age

77d

Price / ft²

$508

List price

$9.00M

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

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Area context

Neighbourhood profile (L6J)

This home lists at $8,999,999, about 57.0× the local median household income of $158,000.

Carrying it typically needs a household income of about $1,758,015 (20% down, 25-yr amortization, stress-tested) — roughly 1013% above the area median.

Median household income: $158,000
Population: 24,420
Median age: 46.4
Owner / renter: 84% / 16%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L6J)

$8,999,999· $508/ft²

For sale

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Financing

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2273 Royal Windsor Drive, Oakville (QE Queen Elizabeth) - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (L6J)

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