$2,150,000 FOR SALE

Commercial/Retail

Lot: 67 x 132 ftTotal Area: 3,660 ft2
2023 Taxes: $13,299.42Maintenance Fees: $7,483.98

492 Locust St
Burlington, ON L7S 2R1 | Brant | Halton

Welcome to the epitome of historical charm and modern convenience! This exquisite 1890's Victorian home, located in beautiful downtown Burlington, presents an exceptional investment opportunity. Boasting four fully occupied units with fantastic tenants, this turnkey property ensures immediate income generation. Recent updates include a new boiler system in 2024 and mostly newer windows, while the roof was replaced in 2008, offering durability and peace of mind. With parking for up to 10 cars and numerous updates in 2004 and since, this property has been meticulously maintained by both tenants and current owners. Situated in a prime location close to amenities, shops, and transportation, this well-cared-for gem is a great opportunity. Don't miss out on this rare chance to own a piece of Burlington's history while securing a prosperous future. Be sure to schedule a private viewing and seize this extraordinary opportunity today!

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Listed By RE/MAX ESCARPMENT REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number W8304596
Last Updated May 03, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Category Multi-Use
PIN 070820069
Legal Description PLAN 74, PT LOT 50
Occupancy Tenant
Possession Date Immediate
Taxes (2023) $13,299.42
Tax Type Annual
Maintenance Fees $7,483.98
Assessment (2023) $969,000
Directions/Cross Streets Ontario St
Neighbourhood Brant
Area Halton
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 67 x 132 ft
Retail Area 1,064 ft2
Office/Apt Area 2,596 ft2
Total Area 3,660 ft2
Approximate Age 100+
Elevator None
Air Conditioning Y
Basement Y
Garage Type None
Heat Type Gas Hot Water
Financial Statement Y
Net Income Before Debt $87,326
Insurance Expense $3,184
Taxes Expense $13,299
Other Expenses $6,189
Year Expenses $2,023
Expenses Actual/Estimated Act
% Building 100
Outside Storage N
Sprinklers N
Sewers San+Storm
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning DC-347
Seller Property Info Statement N

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