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. (id:4069)
Address
443 PEARL Street
List Price
$7,499,000
Property Type
Multi-family
Area
Ontario
Sub-Area
Burlington
Bedrooms
40
Bathrooms
24
Floor Area
21,108 Sq. Ft.
MLS® Number
40710506
Listing Brokerage
Royal LePage State Realty
Basement Area
Partial (Partially finished)
Postal Code
L7R2N2
Zoning
DC
Site Influences
Golf Nearby, Hospital, Place of Worship, Playground, Public Transit, Schools
Features
Southern exposure, Paved driveway, Laundry- Coin operated
