4042 MAINWAY Unit# 4, Burlington, Ontario, L7M4B9
MLS: 40818063 | Industrial
$3,300,000
Property Description
EXTREMELY RARE standalone 7931 sq. ft. Industrial/Service Commercial GE-2 Zoned building. The building is sitting on a .53 acre parcel of land of which the owner has the exclusive use of. Given the building does NOT back onto residential the GE-2 Zoning permits many uses such as AUTOMOTIVE REPAIR. The condo fees are extremely reasonable as this property is basically set up as a freehold with the private road connecting the group of 5 buildings, and the landscape strip fronting Mainway being the majority of the common area. Basically the Building is 4955 square feet office/warehouse ground floor with a separate 2975 sq. ft. second floor office/storage/office. 18' clear ceiling height warehouse with DOCK loading (48H) w/leveller together with a 14'H Drive in door and a 200 amp/600 volt 3 Phase hydro service. Presently the building is owner occupied except for a ground floor office area off approx. 1227 sq. ft. Building can be purchased with Tenant or vacant possession. Taxes are approximately $20,669.00 for 2025 or $2.61 per sq. ft. and the condo fee including the reserve payment is $11,481.00 per year or $1.45 per sq. ft. per annum. In addition to the monthly condo fee and yearly reserve fund payment the owner is responsible for maintenance, repair of the building and the .53 acre lot it is situated on. Also Includes a gated yard for secure storage and or parking. Keep in mind all or part of the mezzanine can be removed to open up the warehouse for max floor space. For those who want to rent out as much sq. footage as possible this building or need a night time security apartment this building has it all. It's a beautiful owner user with rental income building as it is easily carved up into many different configurations. Phase 1 just completed by Pinchin Environmental. (id:64974)
Quick Facts
- Property Type: Industrial
- Bedrooms: None
- Bathrooms: None
- Living Area: 7,931 sq ft (736.8 m²)
- Year Built: 1992
- Ownership: Condo/Strata
- Lot Size: 0.5300 acres (0.21 ha)
Costs
- Annual Taxes: $20,668.58
- Condo/HOA Fee: $2,000.00 / yearly
Listing Provided by: Martel Commercial Realty Inc.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Basement: None
- Appliances: Washer, Dishwasher, Stove, Dryer, Hood Fan
- Utilities: Natural Gas, Electricity
- Security: Security system
Exterior & Construction
- Exterior: Steel, Concrete
- Construction: Concrete block, Concrete Walls
- Foundation: Poured Concrete
- Fencing: Fenced yard
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Lot Size: 0.5300 acres (0.21 ha)
- Features: Visual exposure, Paved driveway
- Zoning: GE-2
Community & Neighbourhood
- Community: High Traffic Area
- Subdivision: 355 - Corporate
Listing Information
Listing History
MLS listing activity for 4042 MAINWAY Unit# 4, Burlington, Ontario, L7M4B9 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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4042 MAINWAY Unit# 4, Burlington, Ontario, L7M4B9