An excellent opportunity to acquire a strategically located, income-generating asset with mid-term redevelopment potential. The properties are located along Brant Street in Downtown Burlington. The site comprises approximately 22,314 square feet (0.512 acres) with 132 feet of frontage along Brant St...reet. Local planning policy and precedent from adjacent development approvals suggest an estimated redevelopment potential for approximately 190,000 sf - 220,000sf of GFA. The properties are currently tenanted by Bank of Montreal and Culaccino Bar &Kitchen providing reliable holding income to offset carrying costs during the planning phase. The approximate net income for the property is $200,000 per year.
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