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.
Royal LePage State Realty
$7,499,000
443 Pearl Street, Burlington, Ontario
40 Bedrooms
24 Bathrooms
21108 Sqft
Property
MLS® Number: 40710506
Address: 443 Pearl Street
City: Burlington
Exterior: Brick, Concrete
Lot Size: 165.23ft x 132.0ft
Utilities
Heating: Baseboard, Natural Gas
Parking
Parking Spaces: 24
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Property Sale History
Travel and Neighbourhood
96/100Walk Score®
Walker's Paradise
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Location
