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540 Plains Rd E - Aldershot Village 7,000 SF Office/Retail Condo Unit Offered at $2,353,947 in Burlington, ON L7T 2E1
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
7000 +/- sf of MXG zoned office/retail space at the base of a modern 6 storey condo building in the heart of Aldershot. Solid lease in place with a government covenant. Keep this AAA Tenant in place for the long term or convert the space to suit your business needs when the lease comes due. Solid Cap rate with next to no landlord involvement, excellent quality finishes, mechanically solid - Long-term Net lease in place coming due Oct 31, 2031, with the opportunity to extend it another 20 years. Top quality buildouts including administrations offices , lunchroom, multiple washrooms, accessible auto-doors and openers, terrific natural lighting and excellent exposure make this a quality asset to add to your portfolio. MXG zoning permits a wide range of uses allowing possible future uses to include medical office, professional office, retail, daycare, dental, and more.
Sale Notes
Private Remarks:
Please do not engage staff/tenants in any real estate discussions. City of Burlington tenanted property, so taxes are zero as they do not charge themselves taxes. Shared Facilites Agreement so there is no condo fee. Contact L/A for more details. Contact L/A about excluded purchaser list.
Showing Remarks:
Listing agent to be present for all showings, allow enough notice to coordinate schedules. Showings during library business hours only M-Th 9 to 8pm, Fri/Sat 9-5pm, Sunday - try to avoid.
Please do not engage staff/tenants in any real estate discussions. City of Burlington tenanted property, so taxes are zero as they do not charge themselves taxes. Shared Facilites Agreement so there is no condo fee. Contact L/A for more details. Contact L/A about excluded purchaser list.
Showing Remarks:
Listing agent to be present for all showings, allow enough notice to coordinate schedules. Showings during library business hours only M-Th 9 to 8pm, Fri/Sat 9-5pm, Sunday - try to avoid.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 100 | 7,000 SF | Office/Retail | $2,353,947 USD ($336.28 USD/SF) | - |
Unit 100
| Unit Size |
| 7,000 SF |
| Condo Use |
| Office/Retail |
| Price |
| $2,353,947 USD ($336.28 USD/SF) |
| NOI |
| - |
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Unit 100
| Unit Size | 7,000 SF |
| Condo Use | Office/Retail |
| Price | $2,353,947 USD ($336.28 USD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| 7000 +/- sf of MXG zoned office/retail space at the base of a modern 6 storey condo building in the heart of Aldershot. Solid lease in place with a government covenant. Keep this AAA Tenant in place for the long term or convert the space to suit your business needs when the lease comes due. Solid Cap rate with next to no landlord involvement, excellent quality finishes, mechanically solid - Long-term Net lease in place coming due Oct 31, 2031, with the opportunity to extend it another 20 years. Top quality buildouts including administrations offices , lunchroom, multiple washrooms, accessible auto-doors and openers, terrific natural lighting and excellent exposure make this a quality asset to add to your portfolio. MXG zoning permits a wide range of uses allowing possible future uses to include medical office, professional office, retail, daycare, dental, and more.</li></ul> | |
| Sale Notes | |
| Private Remarks: <br> Please do not engage staff/tenants in any real estate discussions. City of Burlington tenanted property, so taxes are zero as they do not charge themselves taxes. Shared Facilites Agreement so there is no condo fee. Contact L/A for more details. Contact L/A about excluded purchaser list.<br> Showing Remarks:<br> Listing agent to be present for all showings, allow enough notice to coordinate schedules. Showings during library business hours only M-Th 9 to 8pm, Fri/Sat 9-5pm, Sunday - try to avoid.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 61,806 SF | Typical Floor Size | 23,527 SF |
| Property Type | Multifamily (Condo) | Year Built | 2011 |
| Property Subtype | Apartment | Lot Size | 0.76 AC |
| Building Class | B | Parking Ratio | 0.37/1,000 SF |
| Floors | 6 |
| Total Building Size | 61,806 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 6 |
| Typical Floor Size | 23,527 SF |
| Year Built | 2011 |
| Lot Size | 0.76 AC |
| Parking Ratio | 0.37/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 57 | - | 662 |
| 2+1 | 8 | - | 909 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
1 of 39
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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540 Plains Rd E - Aldershot Village
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