Description

Outstanding prime commercial-industrial investment opportunity featuring a freestanding 38,01 sq. ft. facility situated on a 2.056-acre lot in the heart of Oakville's premier industrial and dealer district. The property is 100% leased to a strong AAA+ tenant operating the building as a world-class collision and body repair facility, offering long-term security, solid NOI, upgraded HVAC systems, 18' clear heights, 6 drive-in doors, and extensive facility enhancements including 10 EV charging stations. Located just steps from major transit arteris and the QEW, this trophy asset offers exceptional interior finishes, excess land for outside storage, and immense long-term upside. (id:66096)

Property Details

MLS®: W14092452
Property Type: Industrial
Zoning: E3 sp:395
Parking: 100
Frontage: 3 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $72,390/yr
Listed: 16 days ago

Market Timing

Days on market

16d

Oakville (QE Queen Elizabeth) listings, avg age

77d

List price

$22M

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

This industrial in Oakville (QE Queen Elizabeth) has been listed for 16 days, which is 61 days fresher than the city average of 77. Act while there is still low competition.

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Area context

Neighbourhood profile (L6L)

This home lists at $22,000,000, about 180.3× the local median household income of $122,000.

Carrying it typically needs a household income of about $4,297,370 (20% down, 25-yr amortization, stress-tested) — roughly 3422% above the area median.

Median household income: $122,000
Population: 30,012
Median age: 47.2
Owner / renter: 79% / 21%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA L6L)

$22,000,000

For sale

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Financing

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891 Progress Court, Oakville (QE Queen Elizabeth) - Industrial for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L6L)

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