Burlington, ON L7S2R1 492 Locust Street

$2,150,000

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Presented By: RE/MAX ESCARPMENT REALTY INC.

MLS# W8304568
10/24/2024

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Beds • 3
Baths • 5
SQFT • 3,500
Garage • 10

Home Details

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!

Presented By: RE/MAX ESCARPMENT REALTY INC.

Interior Features for 492 Locust Street

Bedrooms

Bedrooms3

Total Bedrooms3

Bathrooms

Total Baths5

Other Interior Features

Air Conditioning Y/NNo

BasementUnfinished, Full

Basement (Y/N)No

Elevator?No

Fireplace FeaturesWood

Fireplace Y/NYes

Heat SourceGas

Heating Y/NNo

Interior AmenitiesAccessory Apartment, Separate Heating Controls, Separate Hydro Meter, Sump Pump, Water Meter, Water Heater Owned

Living Area Range3500-5000

General for 492 Locust Street

Architectural Style3-Storey

Attached Garage No

CityBurlington

Construction MaterialsBrick

CoolingCentral Air

CountyHalton

Electric On Property Y/NNo

Facing DirectionWest

Garage Y/NNo

Heater TypeWater

Legal DescriptionPT LT 50, PL 74, AS IN BH13021 ; BURLINGTON

Lot Depth132.0

Lot Size UnitsFeet

ModificationTimestamp2025-04-26T14:38:03Z

New ConstructionNo

Occupancy TypeTenant

Parking Spaces 10

Pool FeaturesNone

Property Attached Y/NNo

Property SubtypeFourplex

Property TypeResidential Freehold

PropertyFeaturesPublic Transit, Rec./Commun.Centre, Hospital, Lake/Pond, Arts Centre, Place Of Worship

RoofAsphalt Shingle, Flat

Security FeaturesSmoke Detector, Carbon Monoxide Detectors

Senior Community Y/NNo

SewerSewer

Standard StatusActive

StatusExtension

Tax Annual Amount13299.0

Tax Assessed Value969000

Tax Year2023

ViewDowntown

Virtual TourClick here

Waterfront Y/NNo

Exterior for 492 Locust Street

Covered Spaces0.0

Exterior AmenitiesPaved Yard, Patio

Foundation DetailsStone, Concrete Block

Garage TypeNone

Lot Size SourceGeoWarehouse

Parking FeaturesMutual

SpaNo

Total Parking10.0

Additional Details

Zayd Hamamiyah

Realtor ®, BBA Hon.

Price $2,150,000

MLS#W8304568

List Date 10/24/2024

Property Type Multi-Family

Phone 289.816.2923

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