Investment Commercial Building for Sale

MLS# H4161905 Price: $10,999,000




Property Description

39 RESIDENTIAL UNITS, PLUS 4 COMMERCIAL UNITS IN SOUGHT AFTER, DUNDAS! This property is situated at the corner of York Road and Watsons Lane, overlooking Lake Jojo, and offers over 35,000 square feet of residential and commercial space. The ground floor has been newly renovated into 17 studio apartments, a commercial kitchen, plus 3 commercial units. 63% of commercial space has been leased, long-term at market rent. The second floor offers 22 apartment units (20- 2 bedroom, 2-1 bedroom), leased below market rents and with lots of upside for the next owner. Attractive financing available through CMHC, as this property offers over 70% residential use. Two parking lots and over 50 parking stalls. Proforma available upon request.

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What's your Walk Score? 44 Car-Dependent

Property Details: 211 York Road (near Watsons Lane )
Listing# 63539


Location

Address 211 York Road
City Dundas
Cross Streets Watsons Lane
District Dundas (41)
Neighbourhood Coote's Paradise (411)
Listing Agent Olivia Rapson

Description

Sub Type Investment Price $ 10,999,000
Lease Rate Per For Sale Approx. Age 31-50 Years
Location Dundas Heating Gas Forced Air Closed
Heat Pump
Square Footage 34506

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Notice! Information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy we regret that we cannot guarantee it. All information subject to change and/or withdrawal without notice.



Google Rating

5      81 reviews


Photo of Julie Paerg

Julie Paerg
  June 02, 2023

We want to thank Lori for all the fantastic work she put into selling our home. Thank you for going the extra mile on every step of our home selling journey. We could not have done this without you. And are so grateful for your assistance, patience and market expertise. Your leadership with everything from getting our house prepared and recommending professional contractors who delivered and on time. The staging process giving our house the WOW factor. Your level of customer service and professionalism was truly impressive. You also really cared and that came across. We could not be more impressed and will highly recommend you to our friends and family.

Photo of Jenepher Beltran

Jenepher Beltran
  May 31, 2023

Kim is the best agent in Burlington! She was very helpful throughout the entire process. Her knowledge of Burlington is so good as we are not from there. She knew what to check when we went to see listings and she always reassured us that we would find 'our home'. she always made time for us and had all the information ready for us prior to us seeing the place. she is great!!!

Photo of Shabnam Feizizadeh

Shabnam Feizizadeh
  May 30, 2023

Lori and Morgan are awesome. We are so glad that we found them and we worked with them. They helped us find our new house and sell our existing house. They are honest, proffesional and knowledgeable. We are so hapoy with our experience!

Photo of Stephanie Briggs

Stephanie Briggs
  May 29, 2023

Kimberly was incredible. Very responsive and professional. My condo sold in a very short time and Kimberly made the process so smooth and easy. Can't recommend these realtors enough!!!!!!

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