40710506 | 443 PEARL Street

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443 PEARL Street
Burlington Ontario , L7R2N2 , Canada

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Birds eye view of property with a water view and a view of city

Birds eye view of property with a view of city

Kitchen with light countertops, white appliances, tasteful backsplash, a sink, and light tile patterned floors

Kitchen featuring decorative backsplash, light countertops, a sink, and white appliances

Kitchen with light countertops, a sink, tasteful backsplash, a baseboard radiator, and white appliances

Doorway with light tile patterned flooring, a baseboard radiator, and baseboards

Empty room featuring baseboards, a baseboard heating unit, and baseboard heating

Bathroom with tile walls, toilet, vanity, visible vents, and shower / bath combination

Unfurnished bedroom with a closet, baseboards, and a baseboard radiator

Spare room featuring a baseboard heating unit

Below grade area featuring separate washer and dryer and tile patterned floors

View of community featuring a lawn and a water view

View of community with a water view and a lawn

$7,499,000.00

MLS® 40710506

Investment

Lot Frontage:	132.0 Feet
Lot Depth:	165.0 Feet
No. of Parking Spaces:	24
Total Bedrooms:	40
Total Bathrooms:	24
Zoning:	DC

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. (id:7526)

Property Features:

Access Type: Road access , Highway access
Amenities Nearby: Golf Nearby , Hospital , Playground , Public Transit , Schools
Features: Southern exposure , Paved driveway , Laundry- Coin operated
OwnershipType: Freehold
Parking Type: Covered
Property Type: Multi-family
Sewer: Municipal sewage system

Building Features:

Basement Development: Partially finished
Basement Type: Partial
Cooling Type: None
Exterior Finish: Brick , Concrete
Foundation Type: Poured Concrete
Heating Fuel: Natural gas
Heating Type: Baseboard heaters

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

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