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.
Mls | 40656964 |
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Listing Type | For Sale |
Style | Attachd |
Subtype | Resale |
Status | Active |
Year | 1950 |
Days On Site | 60 |
Listing Provided By | Royal LePage Real Estate Services Ltd., Brokerage | Josie Attardo |
Beds | 5 |
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Baths | 3 |
Sq Feet | 3,302 |
Garage | 3 |
Basement | Y |
Storys | 2 |
Units | 3 |
Zoning | R3.2 |
State | ON |
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County | Halton |
City | Burlington |
Zip Code | L7R 1L7 |
Area | 31 Burlington |
Subarea | 312 Central |
Community Name | 312 Central |
School District | Caroline & Brant |
Elementary School | Halton District School Board & H |
Listing VS Median (in 312 Central) | |
Price: $1,899,000 low | high Med: $989,000 SqFt: 3,302 low | high Med: 1,513 $ / SqFt: $575 low | high Med: $654 On Site: 60 low | high Med: 61.000000 |