Attention Builders, Renovators, or Savvy Investors! Rare Opportunity in Downtown Burlington Seize the chance to own a very Rare opportunity to own a 79.91' x 150' residential duplex or building lot in Downtown Burlington. Prime location near amenities, shopping, theatre, transit, trails, parks, and the lake. Situated in a highly desirable mature neighborhood surrounded by renovated and newly built homes. Options include: renovate the existing duplex, build one new home up to 5,000 sq/ft, or build two new homes (severance pending). Currently divided into 3 separate leased units. Potential Uses: Continue renting to three individuals for steady income. With an option for a 4th unit in the basement. Subdivide the property into 2 lots for increased value and flexibility. Upgrade rental units for higher-paying tenants. Hold the property for future appreciation or custom home development. Potential for 4-5 townhome development, pending city approval. 48 hours' notice required to access the tenanted dwelling. Property sold as-is with no representation or warranty. Don't miss this unique one-of-a-kind property with endless potential. (id:13843)
MLS# | 40656964 |
---|---|
Listing Type | For Sale |
Style | Town House |
Status | Active |
Year | 1950 |
Days On Site | 35 |
Listing Provided By | Royal LePage Real Estate Services Ltd., Brokerage | Josie Attardo |
Bed(s) | 5 |
---|---|
Bath(s) | 3 Total |
SQ Feet | 4,357 |
Basement | Y |
Story(s) | 2 |
Units | 3 |
Zoning | R3.2 |
Province | ON |
---|---|
City | Burlington |
Postal Code | L7R1L7 |
Community Name | 312 Central |
Listing VS Median (in 312 Central) | |
Price: $1,899,000 low | high Med: $779,000 SqFt: 4,357 low | high Med: 817 $ / SqFt: $436 low | high Med: $953 On Site: 35 low | high Med: 52.000000 |