Property Information:
Rare opportunity to acquire a fully leased neighbourhood retail plaza in a prime Burlington location. 495 Walkers Line is a single-storey commercial retail plaza totalling approximately 13,304 sq. ft. situated on a 54,734 sq. ft. site with 229 feet of frontage along Walkers Line, a busy arterial corridor just north of New Street. The property is improved with 10 units occupied by a strong mix of service-oriented and daily-needs tenants, including Pharmasave, Domino's Pizza, medical and professional uses, personal services, and food operators, providing stable and diversified income. The plaza is 100% leased with tenants on net leases, offering predictable cash flow and limited landlord responsibilities. Zoned CN1 (Neighbourhood Commercial), permitting a wide range of commercial uses. The building is well maintained, constructed circa 1982, and benefits from ample surface parking, individual HVAC systems per unit, and full municipal services.Located in an established residential neighbourhood surrounded by dense housing, national retailers, and strong demographics, the property offers long-term income stability with upside through lease renewals and rental growth. Excellent visibility, strong tenancy, and institutional-quality fundamentals make this an ideal acquisition for private investors or commercial portfolios. (id:27)
Building Features:
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Style:
Retail
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Air Conditioning:
Yes
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Floor Space:
54734 sqft
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Heating Type:
Forced air
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Heating Fuel:
Natural gas
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Cooling Type:
Fully air conditioned
