443 Pearl Street Save Request In-Person Tour Request Virtual Tour
Burlington,ON L7R 2N2
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 20,608 sqft
Price per Sqft $363
MLS Listing ID 40710506
Bedrooms 40
Annual Tax Amount $60,211
Property Sub-Type Multi Family
Property 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.
Location
Province ON
County Halton
Area 31 - Burlington
Zoning DC
Rooms
Kitchen 0
Interior
Heating Baseboard,Natural Gas
Cooling None
Laundry Coin Operated
Exterior
Exterior Feature Balcony
Parking Features Asphalt,Assigned
Waterfront Description Lake/Pond
Roof Type Tar/Gravel
Building
Lot Description Irregular Lot,Business Centre,Dog Park,City Lot,Near Golf Course,Highway Access,Hospital,Library,Place of Worship,Playground Nearby,Public Parking,Public Transit,Regional Mall,Schools
Story 4
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick,Concrete
New Construction No