Added 1 month ago
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Type: Investment
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Property Type: Commercial
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Zoning: R3.2
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Age: 51-99 years
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Taxes: 9172
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MLS®#: W10403897
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Days on Site: 44 Days
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Added: Oct 03, 2024 (1 month ago)
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Updated:
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Last Checked: 1 hour ago
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Listed By: Royal LePage Real Estate Services Ltd., Brokerage
Attention Builders, Renovators, or Savvy Investors! Rare Opportunity in Downtown Burlington Seize the chance to own a very Rare opportunity to own a 79.91' x 150' residential duplex or building lot in Downtown Burlington. Prime location near amenities, shopping, theatre, transit, trails, parks, and the lake. Situated in a highly desirable mature neighborhood surrounded by renovated and newly built homes. Options include: renovate the existing duplex, build one new home up to 5,000 sq/ft, or build two new homes (severance pending). Currently divided into 3 separate leased units. Potential Uses: Continue renting to three individuals for steady income. With an option for a 4th unit in the basement. Subdivide the property into 2 lots for increased value and flexibility. Upgrade rental units for higher-paying tenants. Hold the property for future appreciation or custom home development. Potential for 4-5 townhome development, pending city approval. 48 hours' notice required to access the tenanted dwelling. Property sold as-is with no representation or warranty. Don't miss this unique one-of-a-kind property with endless potential.
Property
Status: Sale
Property Type: Investment
Age: 51-99
Area: Burlington
Community: Brant
Availability Date: TBA
Assessment Amount: $999,000
Assessment Year: 2024
Inside
Bathrooms: 3
Air Conditioning: None
Washrooms: 3
Building
Basement: Y
Heat Type: Forced Air
Water Supply: Municipal
Parking
Garage Type: Detached
Covered Parking Spaces: 8
Fees
Tax Year: 2023
Tax Legal Description: PART LOTS 1 & 2, BLOCK 7, PLAN 71, PART 1 20R14997 CITY OF BURLI
Taxes: $9,172
Land
Cross Street: Brant- Caroline
Municipality District: Burlington
Parcel Number: 070700159
Sewer: Sewers
Lot Depth: 150 Feet
Lot Frontage: 79.91 Feet
Zoning: R3.2
Commercial Specific
Total Area: 4357
Total Area Metric: Sq Ft
Area Influence: Park
Lakeshore Public School
Elementary: PublicÉcole élémentaire Renaissance
Elementary: PublicBurlington Central Elementary School
Elementary: PublicSt Johns Separate School
Elementary: CatholicCentral Public School
Elementary: PublicTom Thomson Public School
Elementary: PublicGary Allan High School - SCORE
Secondary: PublicGary Allan High School - Bronte Creek
Secondary: PublicThomas Merton Catholic Secondary School
Secondary: CatholicGary Allan High School - Burlington
Secondary: PublicBurlington Central High School
Secondary: PublicAssumption Roman Catholic Secondary School
Secondary: Catholic
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