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$ 7,799,000
Est. payment /mo
Active
443 PEARL Street Burlington, ON L7R2N2
40 Beds
24 Baths
21,108 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 21,108 sqft
Price per Sqft $369
Subdivision 312 - Central
MLS® Listing ID 40710506
Bedrooms 40
Originating Board Cornerstone - Hamilton-Burlington
Property Sub-Type Freehold
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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters,
Cooling None
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 24
Private Pool No
Building
Story 4
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://vimeo.com/1069671818
Listed by Royal LePage State Realty