443 Pearl Street Burlington, Ontario L7R 2N2
$7,499,000
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:50964)
Property Details
| MLS® Number | 40710506 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Hospital, Place Of Worship, Playground, Public Transit, Schools |
| Features | Southern Exposure, Paved Driveway, Laundry- Coin Operated |
| Parking Space Total | 24 |
Building
| Bathroom Total | 24 |
| Bedrooms Total | 40 |
| Basement Development | Partially Finished |
| Basement Type | Partial (partially Finished) |
| Cooling Type | None |
| Exterior Finish | Brick, Concrete |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters |
| Stories Total | 4 |
| Size Interior | 21,108 Ft2 |
| Utility Water | Municipal Water |
Parking
| Covered |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Place Of Worship, Playground, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 165 Ft |
| Size Frontage | 132 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Dc |
https://www.realtor.ca/real-estate/28077554/443-pearl-street-burlington
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April 15 2025 07:37:15
REALTORS® Association of Hamilton-Burlington
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