4430 HARVESTER Road, Burlington

2024-09-17
 

Quick Summary

Location
4430 HARVESTER Road, Burlington, Ontario L7L4X2
Price
$3,500,000 CAD
Status:
For Sale
Property Type:
Industrial
Area:
6000ft2

MLS®#XH4177457

Property Description

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:32467)

Property Features

Building

  • Fireplace: No
  • Interior Size: 6000 sqft
  • Utility Water: Municipal water

Features

  • Feature: Rail

Land

  • Land Size: Unknown
  • Sewer: Sanitary sewer, Storm sewer

Zoning

  • Description: GE-1

Information entered by Martel Commercial Realty Inc.
Listing information last updated on: 2024-09-23 19:43:39


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