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:47423)
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Detailed Information
Bedrooms
5
Bathrooms
3
Lot
80 x 150 ft
Amenities Nearby
Park, Schools, Shopping
Equipment
Water Heater
Listing Contract Date
2024-10-04
Location Description
Brant- Caroline
Ownership Type
Freehold
# of Parking Spaces
11
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
R3.2
Building
Basement Development
Partially finished
Basement Type
Full (Partially finished)
Constructed Date
1950
Cooling Type
None
Exterior Finish
Other
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
under 1/2 acre
Amenities
Park, Schools, Shopping
Sewer
Municipal sewage system
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