Avison Young Capital Markets Group is pleased to offer for sale a 100% freehold interest in White Oak Plaza - 175-195 Plains Road E & 1020 White Oak Drive, Burlington, Ontario (the “Property”). The Property presents an opportunity to acquire a 2.26-acre mixeduse redevelopment site with holding income. The site is currently improved with 4 buildings including commercial and residential units. The Property is 99% occupied and the commercial space has a short Weighted Average Lease Term (“WALT”) of 2 years.
The Property’s prominent corner location on a major east-west thoroughfare through Burlington makes it ideal for redevelopment. This prime location within the Aldershot GO MTSA zone is a 10 minute walk from the Aldershot GO Station and has a bus stop at its frontage providing unmatched transit access for the region. It is a short drive to Highway 403 and the Queen Elizabeth Way, connecting the Property seamlessly to the rest of the Greater Golden Horseshoe Area.
Currently, the Property is leased to a diverse mix of commercial tenants including local and national businesses.