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$2,150,000
Available - For Sale
Listing ID: W8304596
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!
Price $2,150,000
Taxes: $13,299.42
Tax Type: Annual
Assessment: $969000
Assessment Year: 2023
Occupancy by: Tenant
Address: 492 Locust St , Burlington, L7S 2R1, Ontario
Postal Code: L7S 2R1
Province/State: Ontario
Legal Description: PLAN 74, PT LOT 50
Lot Size: 67 x 132 (Feet)
Directions/Cross Streets: Ontario St
Zoning: DC-347
Category: Multi-Use
Use: Other
Building Percentage: Y
Total Area: 3,660
Total Area Code:  Sq Ft
Office/Appartment Area: 2596
Office/Appartment Area Code: Sq Ft
Retail Area: 1064
Retail Area Code: Sq Ft
Approximatly Age: 100+
Financial Statement: Y
Taxes Expense: $13299
Insurance Expense: $3184
Maintenance: 7,483.98
Other Expenses: $6189
Net Income Before Debt: $87326
Year Expenses: 2023
Expenses Actual/Estimated: $Act
Sprinklers: N
Outside Storage: N
Heat Type: Gas Hot Water
Central Air Conditioning: Y
Elevator Lift: None
Sewers: San+Storm
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX ESCARPMENT REALTY INC.

492 Locust St , Burlington, L7S 2R1, Ontario


 
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At a Glance:
Type: Com - Commercial/Retail
Area: Halton
Municipality: Burlington
Neighbourhood: Brant
Style:
Lot Size: 67.00 x 132.00(Feet)
Approximate Age: 100+
Tax: $13,299.42
Maintenance Fee: $7,483.98
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