492 Locust Street, Burlington | Image 1

492 Locust Street

Burlington, Brant

  • Commercial

$2,150,000
For Sale

Added 2 weeks ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Other

  • Zoning: DC-347

  • Age: 100+ years

  • Taxes: 13299.42

  • MLS®#: W8304596

  • Added: May 03, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: RE/MAX ESCARPMENT REALTY INC.

Welcome to the epitome of historical charm and modern convenience! This exquisite 1890's Victorian home, located in beautiful downtown Burlington, presents an exceptional investment opportunity. Boasting four fully occupied units with fantastic tenants, this turnkey property ensures immediate income generation. Recent updates include a new boiler system in 2024 and mostly newer windows, while the roof was replaced in 2008, offering durability and peace of mind. With parking for up to 10 cars and numerous updates in 2004 and since, this property has been meticulously maintained by both tenants and current owners. Situated in a prime location close to amenities, shops, and transportation, this well-cared-for gem is a great opportunity. Don't miss out on this rare chance to own a piece of Burlington's history while securing a prosperous future. Be sure to schedule a private viewing and seize this extraordinary opportunity today!

Property

  • Status: Sale

  • Type: Other

  • Property Type: Commercial/Retail

  • Property Type: Multi-Use

  • Age: 100+

  • Net Income: 87326

  • Area: Burlington

  • Community: Brant

  • Availability Date: Immediate

  • Assessment Amount: $969,000

  • Assessment Year: 2023

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Hot Water

  • Elevator: None

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: PLAN 74, PT LOT 50

  • Taxes: $13,299

  • Expenses: Act

  • Insurance Fee: 3184

  • Other Expenses: 6189

  • Taxes Type: Annual

  • Taxes: 13299

  • Tax Year: 2023

Land

  • Cross Street: Ontario St

  • Municipality District: Burlington

  • Parcel Number: 070820069

  • Sewer: San+Storm

  • Lot Depth: 132 Feet

  • Lot Frontage: 67 Feet

  • Zoning: DC-347

Additional Media

  • Virtual Tour: https://unbranded.youriguide.com/492_locust_st_burlington_on/

Commercial Specific

  • Retail Area: 1064

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 3660

  • Total Area Metric: Sq Ft

  • Office Size: 2596

  • Office Size Metric: Sq Ft

  • Lot Code: Lot

  • Building Percent: 100

  • Financial Statement: Y

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Walker's Paradise

  • Daily errands do not require a car.
97 /100

Some Transit

  • Most errands require a car.
49 /100

Very Bikeable

  • Most errands can be accomplished on bike.
74 /100
Map of 492 Locust Street, Burlington
JK-6

Lakeshore Public School

Elementary: Public
1.16 km
JK-6

École élémentaire Renaissance

Elementary: Public
0.81 km
7-8

Burlington Central Elementary School

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0.56 km
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St Johns Separate School

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0.67 km
JK-6

Central Public School

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Tom Thomson Public School

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1.41 km
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Gary Allan High School - SCORE

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Gary Allan High School - Burlington

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2.73 km
9-12

Burlington Central High School

Secondary: Public
0.59 km
9-12

Assumption Roman Catholic Secondary School

Secondary: Catholic
2.84 km

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