$149,000 - 676 APPLEBY Line Unit E110, Burlington
Commercial for Sale in Burlington
175 days on marketNeighbourhood: Shoreacres
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- MLS Number
- W13000264
- Property Type
- Commercial
- Status
- active
- Days on Site
- 175
- Bedrooms
- 0
- Bathrooms
- 2
- Square Feet
- 1,168 sqft
- Neighbourhood
- Burlington
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Excellent opportunity for newcomers, aspiring entrepreneurs, or those looking to be their own boss to own and operate an established Meltwich franchise in a prime Burlington location. This turnkey business offers the chance to be part of a recognized and growing franchise brand with full franchise support and training provided, making it ideal for owner operators looking to step into the food and beverage industry with confidence. Meltwich is known for its gourmet grilled cheese melts, burgers, poutines, and milkshakes, offering a popular menu and strong brand presence. This business is being sold in as is condition as an operating Meltwich franchise opportunity. Located in a bustling retail complex anchored by AAA tenants including McDonald's, Benjamin Moore, Medical Centre and Pharmacy, Burlington Public Library, CIBC Bank, Dental Care, Subway, Service Canada, and many more, the plaza benefits from a steady stream of daily visitors and strong community presence. The property features ample parking, prominent corner signage, and a bright inviting interior ideal for dine in, take out, and delivery operations. A key highlight is the LLBO license allowing the sale of alcoholic beverages, adding additional revenue potential. Leasehold improvements and premium chattels are included, creating an excellent turnkey opportunity for the next operator. The lease is attractively managed at $3,406 per month plus TMI and taxes, with a total monthly lease of $5,039.60, making it a favorable arrangement for an owner operator or investor. Situated in a thriving and growing Burlington market with a dense residential and commuter base, this is a rare opportunity to own an established Meltwich franchise at one of Burlington's most desirable retail destinations.
Estimate your monthly payments for this property
Estimated Payment
$764.45/mo
Includes CMHC insurance ($4,157)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Shoreacres
Shoreacres is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Shoreacres
- •Convenient location in Burlington
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Shoreacres offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
676 APPLEBY Line Unit E110, Burlington
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $128/sqft, this is priced on the lower end for commercial, which warrants investigating condition, zoning restrictions, and tenancy. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Extended Exposure — Negotiating Room
At 175 days on market, this commercial property has had significant exposure. Commercial listings typically take longer to sell than residential, but this timeline may indicate pricing or tenancy issues worth exploring. A motivated seller often means better terms for a prepared buyer.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Burlington transactions.