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443 PEARL Street
Burlington Ontario , L7R2N2 , Canada
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$7,499,000.00
MLS® 40710506
Investment
Lot Frontage: 132.0 Feet
Lot Depth: 165.0 Feet
No. of Parking Spaces: 24
Total Bedrooms: 40
Total Bathrooms: 24
Zoning: DC
Remarks:
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:7526)

Property Features:
  • Access Type: Road access , Highway access
  • Amenities Nearby: Golf Nearby , Hospital , Playground , Public Transit , Schools
  • Features: Southern exposure , Paved driveway , Laundry- Coin operated
  • OwnershipType: Freehold
  • Parking Type: Covered
  • Property Type: Multi-family
  • Sewer: Municipal sewage system
Building Features:
  • Basement Development: Partially finished
  • Basement Type: Partial
  • Cooling Type: None
  • Exterior Finish: Brick , Concrete
  • Foundation Type: Poured Concrete
  • Heating Fuel: Natural gas
  • Heating Type: Baseboard heaters

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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