ON > Burlington
Burlington, ON L7R 2N2,443 Pearl Street
Burlington, ON L7R 2N2,443 Pearl Street
Burlington, ON L7R 2N2,443 Pearl Street
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Price Team

Price Team

+1(905) 308-8333
$7,499,000
Est. payment /mo
40 Beds
24 Baths
20,608 SqFt
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UPDATED:

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

Abv Grd Liv Area 21,108

Annual Tax Amount $60,211

Property Sub-Type Multi Family

Source Hamilton - Burlington

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

Direction Brant St to James St - or - Lakeshore Rd to Pearl St

Rooms

Basement Walk-Out Access, Partial, Partially Finished

Kitchen 0

Interior

Interior Features None

Heating Baseboard, Natural Gas

Cooling None

Fireplace No

Appliance Refrigerator, Stove

Laundry Coin Operated

Exterior

Exterior Feature Balcony

Parking Features Asphalt, Assigned

Waterfront Description Lake/Pond

Roof Type Tar/Gravel

Lot Frontage 132.0

Lot Depth 165.23

Garage No

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

Faces Brant St to James St - or - Lakeshore Rd to Pearl St

Story 4

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 4

Structure Type Brick,Concrete

New Construction No

Others

Senior Community false

Tax ID 070650106

Ownership Freehold/None

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Listed by Royal LePage State Realty

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Price Team

Broker

+1(905) 308-8333

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443 Pearl Street