Size
20608 sqft
Lot size
21810 sqft
Street frontage
-
Possession
-
Price per sqft
$364
Taxes
$60,211.85 (2024)
Parking Type
-
Style
Other
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Description
This 24-unit apartment building offers investors a rare opportunity to acquire a value-add, multi-family asset in downtown Burlington – one of Canada’s most sought-after residential neighbourhoods. This easy to manage 4-storey building has (8) one-bedroom units and (16) two-bedroom units with no elevator or underground parking and separately metered hydro. It also features three new IBC WIFI gas boilers. There is significant revenue growth potential with a 45% rental upside and future development potential. Located steps to restaurants, nightlife, shopping and cultural attractions. Just a short walk to the beautiful waterfront of Lake Ontario, the Brant Street Pier & Spencer Smith Park. With a Walk Score of 96 and easy access to public transit, every amenity is right at the doorstep. This neighbourhood is a gateway to the downtown core of Burlington and there is major highway access nearby easily connecting this area with downtown Toronto, Hamilton or Niagara.
Broker: Royal LePage State Realty
MLS®#: 40710506
Property details
Parking:
24
Parking type:
-
Property type:
Multiplex
Heating type:
Baseboard,
Style:
Other
MLS Size:
20608 sqft
Lot front:
132 Ft
Lot depth:
165 Ft
Listed on:
Mar 26, 2025
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