For Sale

1001 Burns Street Unit# 3 & 4, Whitby (Whitby Industrial), Ontario L1N6A6

$2,900,000

1001 Burns Street Unit# 3 & 4, Whitby (Whitby Industrial), Ontario L1N6A6 is For Sale and has a listing price of 2,900,000. The property is located in the Whitby Industrial neighbourhood. It's been on the website for 44 Days.

  • Industrial
    Property Type
  • Warehouse
    Building Type
  • 2
    Bathrooms
  • MLS ID: E9386986
  • Office Name COLDWELL BANKER - R.M.R. REAL ESTATE
Property Description

Highly attractive Industrial/Service Retail location with National tenant in place being offered at a very attractive $221 PSF. This offering is for units 3 & 4, totaling 13,575 SF. Current rents are well below market rates. Well-maintained space, new single-ply membrane roof 2022. Heavy power. Upgraded T8 lighting. Excellent proximity to two interchanges to Hwy 401. M1A zone offers broad range of uses. Fair shipping accommodation. Healthy condo reserve. 18′ ceiling heights in warehouse. Common parking. This property is located in a high-growth area, and with the scarcity of industrial space in Whitby, the strong potential for future appreciation and income growth this offering is a strategic opportunity to invest in a market with robust fundamentals and promising long-term prospects. **** EXTRAS **** Current lease term expiring July 2028 paying $88,237.56 Net, with fixed 5 year option following expiry at $101,812.56 Net, and second 5 year option at fair market rates. (id:43137)

Property Details
  • MLS ID: E9386986
  • Bathrooms: 2
  • Price: $2,900,000
  • Transaction Types: For Sale
  • Ref ID: 27516519
  • Year Built: N/A
  • Building Type: Warehouse
  • Property Type: Industrial
  • Property Type: Commercial
  • Property Sub Category: Warehouse
Price History
List Date MLS ID List Price Status End Date Closed Price
10/08/2024 E9386986 $2,900,000 For Sale - -
10/02/2024 E9378390 $3,250,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Whitby Industrial
  • $3,033,473 Average List Price
    based on 1 year
  • 3 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 2.05 % Below
  • Sold (12mo) 2
  • Rented (12mo) 0

  • 1 Month Change -84.0%
  • 3 Month Change -72.2%
  • 6 Month Change -94.1%
Walkscore
  • 51 Walk Score
    Somewhat Walkable
  • 42 Transit Score
    Some Transit
  • 36 Bike Score
    Somewhat Bikeable
Property Type Distribution
  • All Houses
    11.43%
  • Commercial
    85.71%
  • Condo
    2.86%
Additional Details
  • Heat Source Natural Gas
  • Heating System Forced Air
  • Water Municipal Water
  • Cooling System Partially Air Conditioned
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 08/10/2024 00:00:00
  • Zoning R4g
  • Agent Name: ARMANI BHATTI
  • Last Updated: 16/10/2024 15:39:08
Open House Dates
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