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