For Sale

$7,499,000

443 Pearl Street, Burlington, ON L7R 2N2

40 Beds

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.

Inclusions:

Other,24 Fridges, 24 Stoves

Exclusions:

Tenant Belongings.

Property Summary

  • Lot Frontage: 132.00 Feet
  • Lot Depth: 165.23 Feet
  • No. of Parking Spaces: 24
  • Floor Space (approx): 21108 Square Feet
  • Bedrooms: 40
  • Zoning: DC

Property Features:

  • Basement:
    Walk-Out Access , Partial , Partially Finished
  • Construction Materials:
    Brick , Concrete
  • Cooling:
    None
  • Heating:
    Baseboard , Natural Gas
  • Acres Range:
    < 0.5
  • Driveway Parking:
    Covered Parking , Outside/Surface/Open
  • Laundry Features:
    Coin Operated
  • Lot Features:
    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
  • Parking Features:
    Asphalt , Assigned
  • Road Frontage Type:
    Municipal Road
  • Roof:
    Tar/Gravel
  • Sewer:
    Sewer (Municipal)
  • Waterfront Features:
    Lake/Pond
  • Water Source:
    Municipal

Office Listing: 

Kevin Girard - Sales Representative  ,  Tina Girard - Sales Representative

Lifestyle
Neighbourhood Info
Lela Michalski

Lela Michalski

Sales Representative

Phone:  905.648.4451

Cell:  905.515.8474

Fax:  905.648.7393

Natalie Pittao

Natalie Pittao

Sales Representative

Phone:  905.648.4451

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Royal LePage State Realty, Brokerage (Independently owned and operated)

1122 Wilson STREET WEST
Ancaster,  ON L9G3K9

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