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Key Details
Sold Price $6,850,000
Property Type Commercial
Sub Type Investment
Listing Status Sold
Purchase Type For Sale
Square Footage 30,703 sqft
Price per Sqft $223
MLS Listing ID 40339302
Sold Date 03/02/23
Abv Grd Liv Area 30,703
Originating Board Waterloo Region
Annual Tax Amount $60,465
Property Sub-Type Investment
Property Description
QEW interchange location. High quality industrial investment with four solid tenants including Panasonic and MTO. Current NOI of $416,000. New five year leases. Assumable first mortgage of $3.5M at 2.72% with Scotiabank for 18 months.
Location
Province ON
County Niagara
Area Niagara-On-The-Lake
Zoning M5
Direction Exit QEW onto York Rd then make a turn onto Townline Rd.
Rooms
Basement None
Kitchen 0
Interior
Heating Forced Air, Radiant
Cooling Central Air
Fireplace No
Exterior
Parking Features Detached Garage
Utilities Available Yes
Lot Frontage 220.0
Lot Depth 350.0
Garage No
Building
Lot Description Urban, Rectangular, Ample Parking, High Traffic Area, Highway Access, Major Highway
Faces Exit QEW onto York Rd then make a turn onto Townline Rd.
Story 2
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
New Construction No
Others
Tax ID 463580206
Ownership Freehold/None
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