443 PEARL Street

Burlington

,

Ontario

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:6355)

Listing ID: 40710506 Transaction Type: For sale Bedrooms: 40 Bathrooms: 24 Kitchens: Constructed Date: Maintenance Fee: / Maintenance Type: Land Size Total Text: under 1/2 acre Land Size Irregular: Building Size Interior: 21108 sqft Building Utility Water: Municipal water Building Heating Type: Baseboard heaters Building Cooling Type: None Building Fixture: Land Sewer: Municipal sewage system Storage Type: Courtesy Of: Royal LePage State Realty

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