| Message Number | 429610 |
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| status | Active |
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| Subject Line | Burlington Plaza $12M Cap Rate $5.5% with Redevelopment Potential |
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| Business area | |
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| Have/Want | Have |
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| Business category | Shopping Centres/Strip Plazas/Retail
Sites Commercial and Industrial
Subdivision Potential/Condo Sites/Townhouse Sites/Building Lots |
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| Date of Listing | October 16 2024 |
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| Location | Burlington |
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| Price | $12,000,000.00 |
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| Comments | ? Location: Prime area in Burlington with high-rise redevelopment potential.
? Lot Size: 1.26 acres (Dimensions: 175 ft frontage).
? Fully Leased: Stable mix of residential (20 apartments) and commercial tenants.
? Net Operating Income (NOI): $629,130 annually.
? VTB Financing: $7.5 million at 4.25% interest, interest-only for 2 years.
? Parking: 64 spaces (46 surface, 18 underground).
? Future Potential: City plans for dense, high-rise developments nearby.
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| Internet Links | All about Burlington |
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| Control | Regular Client |
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| Name | Ali Hamidi-Osgouei, P.Eng., M.Sc. |
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| Title | P.Eng., M.Sc., REALTOR |
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| Company Name | HomeLife Cimerman Real Estate Ltd. Brokerage |
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| Address Line One | 28 Drewry Ave |
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| City | North York |
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| State/Province | Ontario |
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| Zip/Postal Code | M2M 1CB |
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| Country | Canada |
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| Business Phone Number | (416)836-9209 |
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| Cell Number | 416-836-9209 |
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| Email Address | Send Email |
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