Investment Commercial Building for Sale
MLS# H4161905 Price: $10,999,000
More Photos
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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44 
Car-Dependent
Property Details: 211 York Road (near Watsons Lane )
Listing# 63600
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 |
|
|
What's Around 211 York Road?
Investment Commercial Building for Sale, MLS# H4161905
211 York Road
Dundas
Ontario
L9H 1M9
Lisa Blackmore, RE/MAX Escarpment Realty Inc., Brokerage
https://lisablackmore.com/images/
4121 Fairview Street
Burlington
ON
L7L 2A4
905-632-2199
$$$
10999000
2023-07-07
MLS# H4161905
RE/MAX-Escarpment-Realty-Inc-Brokerage-MLS-H4161905
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.
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.