For Sale

492 LOCUST Street, Burlington, Ontario L7S1V2

$2,150,000

492 LOCUST Street, Burlington, Ontario L7S1V2 is For Sale and has a listing price of 2,150,000. The property is located in the neighbourhood. It's been on the website for 157 Days.

  • Multi-family
    Property Type
  • Detached
    Building Style
  • 3
    Bedrooms
  • 5
    Bathrooms
  • 10
    Parking Spaces
  • MLS ID: XH4192785
  • Office Name RE/MAX Escarpment Realty Inc.,RE/MAX Escarpment Re
Property Description

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! (id:43137)

Property Details
  • Virtual Tour: Click Here
  • Bedrooms: 3
  • MLS ID: XH4192785
  • Bathrooms: 5
  • Price: $2,150,000
  • Transaction Types: For Sale
  • Ref ID: 27429798
  • Year Built: N/A
  • Building Type: Fourplex
  • Building Style: Detached
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: Fourplex
Price History
List Date MLS ID List Price Status End Date Closed Price
05/03/2024 XH4192785 $2,150,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Burlington
  • $1,340,708 Average List Price
    based on 1 year
  • 159 New Listings
    based on 30 days
  • 66 Median Days on Market
    based on 1 year
  • List vs. Selling Price 106.7 % Up
  • Sold (12mo) 1,085
  • Rented (12mo) 535

  • 1 Month Change -4.7%
  • 3 Month Change +10.3%
  • 6 Month Change +8.6%
Walkscore
Property Type Distribution
  • All Houses
    62.84%
  • Commercial
    3.88%
  • Condo
    33.07%
  • Land for Sale
    0.21%
Additional Details
  • Sewers Municipal Sewage System
  • Heat Source Natural Gas
  • Style 3 Level
  • Basement2 Full (unfinished)
  • Heating System Baseboard Heaters, Radiant Heat
  • Water Municipal Water
  • Exterior Brick
  • Total Parking Spaces: 10
  • Property Features Sump Pump, Paved Driveway, No Driveway, Shared Driveway
  • Fireplace True
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 03/05/2024 00:00:00
  • Zoning A-sml
  • Agent Name: Joe McMahon,Betty McMahon
  • Address Subdivision: 312 - Central
  • Last Updated: 31/10/2024 15:11:50
Open House Dates
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