4430 HARVESTER Road, Burlington, Ontario, CA

Address: 4430 HARVESTER Road, Burlington, Ontario

0 Beds0 Baths6000 sqftStatus: Buy
Price $3,500,000

Property Overview


GE1 Zoned 6000 sq. ft. building with two tenants. Tenant A Enterprise Car Rental paying $84,000.00 per year net till September 30,2027 with no further options to renew. Enterprise would like to do a early renewal if purchaser wants an extremely good Tenant otherwise owner occupied October 1st 2027. Tenant B is also 3000 sq. ft. paying $61,800/2024, $63,800/2025, $65,550/2026, $67,500.00/2027. They also have an option to renew for one three year term at negotiated rates. Neither Tenant has use of the rear yard. Total present net income for 2024 is $145,800.00. A purchaser could purchase this property now and have the income and build approximately another 6,000.00 square feet onto this building now or in the future for self use or additional income. Presently the rear yard does not have an income but can be easily leased out for additional income as well. Zoning is the best industrial zoned land allowing automotive sales and repair, manufacturing, service commercial uses. (id:51532)

 

Tags




Property Summary
Property Type
Industrial
Building Type
Multi-Tenant Industrial
Square Footage
6000 sqft
Land Size
100.21 x 302.68
Parking Type
Surfaced
Building
Building Features
Features
Rail
Square Footage
6000 sqft
Fire Protection
None
Heating & Cooling
Cooling
Air Conditioned
Heating Type
Forced air
Utilities
Utility Sewer
Sanitary sewer, Storm sewer
Water
Municipal water
Parking
Parking Type
Surfaced
Total Parking Spaces
15
Land
Other Property Information
Zoning Description
GE-1
Features
           Rail            Surfaced            Air Conditioned
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Your Home Finance Calculation

Property Price CA $3,500,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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