Overview
- Updated On:
- July 24, 2024
- 5 Bedrooms
- 4 Bathrooms
- 3,302 ft2
Description
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.
- Principal and Interest
- Property Tax
- HOA fee
