2437 Dundas Street W Burlington, Ontario - MLS#: W9234918
$1,859,000
Excellent opportunity to buy 1.3 acre commercial /institutional property with over 32 parking on Dundas street. Lots of usage. Upper portion is rented to Church who works on Sunday and Thursday. Lower potion is used for Meditation hall and office and has small kitchen. Second floor main entrance has office, Gathering area and sitting hall. Cemetery area is taken care by Burlington Cemetery organization. Buyer can take responsibility. Building is not registered as Heritage .Buyer to to due diligent .AAA class tenant wants to continue or Six month notice required for Upper Tenant to vacate. Seller has recent appraisal (id:51158)
With over 1.3 acres of prime commercial and institutional space located at 2437 Dundas Street W in Burlington, this property presents an exceptional investment opportunity. Boasting ample parking space for over 32 vehicles directly on Dundas Street, this property offers versatility in potential uses.
Currently, the upper portion of the building is leased to a church, in operation on Sundays and Thursdays. The lower portion serves as a meditation hall and office space, complete with a small kitchen. The second floor features an office, gathering area, and sitting hall. Additionally, the care of the cemetery area falls under the responsibility of the Burlington Cemetery organization, providing a unique element to the property.
While the building is not registered as a heritage site, the buyer is encouraged to conduct their due diligence to assess the full potential of this property. The AAA class tenant occupying the upper portion expresses interest in continuing the lease, offering stability to the investment. Alternatively, a six-month notice period is required for the upper tenant to vacate if desired.
The seller possesses a recent appraisal, providing valuable insight into the current market value of the property. Don’t miss this chance to acquire a substantial property with various possible uses and a reliable tenant in place. This property offers a blend of functionality, potential, and stability for savvy investors in the real estate market.
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Property Details
MLS® Number | W9234918 |
Property Type | Single Family |
Community Name | Rural Burlington |
Features | Irregular Lot Size |
Parking Space Total | 32 |
About 2437 Dundas Street W, Burlington, Ontario
Building
Bathroom Total | 2 |
Basement Development | Finished |
Basement Features | Separate Entrance, Walk Out |
Basement Type | N/a (finished) |
Construction Style Attachment | Detached |
Cooling Type | Central Air Conditioning |
Exterior Finish | Stone, Brick |
Foundation Type | Concrete, Stone |
Half Bath Total | 2 |
Heating Fuel | Oil |
Heating Type | Forced Air |
Stories Total | 2 |
Type | House |
Land
Acreage | No |
Sewer | Septic System |
Size Depth | 252 Ft |
Size Frontage | 228 Ft |
Size Irregular | 228 X 252 Ft |
Size Total Text | 228 X 252 Ft|1/2 - 1.99 Acres |
Zoning Description | Institutional |
Rooms
Level | Type | Length | Width | Dimensions |
---|
Utilities
Cable | Installed |
https://www.realtor.ca/real-estate/27240243/2437-dundas-street-w-burlington-rural-burlington
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