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233 days on Market

492 Locust St, Burlington, Ontario L7S 1V2

Townhouse
-
5
~3660 sqft
$2,150,000
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Townhouse
-
5
~3660 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$587/sqft

Est. Mortgage$9,233/mo

Tax Amount (2023)$13,299/yr

Days On Market233 days


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!


Property Details

Style3 Storey
View-
Age of property1890
SqFt~3660 SqFt
Lot Size8,844 SqFt(132 x 67)
Parking Spaces10
MLS ®NumberXH4192785
Community NameBurlington Waterfront
Data SourceITSO
Listing byRE/MAX Escarpment Realty Inc.

Features

Heating: Baseboard, Natural Gas, Radiant
Basement: Full, Unfinished, Sump Pump

Features

Lot size: 8,844 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 10


Property listed by RE/MAX Escarpment Realty Inc., Brokerage

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Market Data - Burlington Waterfront

Balanced Market

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

19 days

Compared to

2023

27 days

2022

43 days

2021

17 days

New Listings

Past 30 days

10 listings

Compared to

2023

6 listings

2022

3 listings

2021

2 listings

Units sold

Past 30 days

2 units

Compared to

2023

2 units

2022

7 units

2021

4 units

Median Sold Price

Past 30 days

$945,000

Compared to

2023

$1,370,000

2022

$820,000

2021

$996,500


Population and Demographics

Overview

Total population 22723
Average household income $136,954

Age (%)

65 and plus
28%
50 to 64
23%
20 to 34
17%
35 to 49
17%
0 to 19
15%

Household composition (%)

Single family
55%
Single person
41%
Multi person
3%
Multi family
0%

Mother tongue (%)

English
88%
Others
4%
Spanish
2%
French
2%
Arabic
1%
Polish
1%

House tenancy (%)

Renters
50%
Owners
50%

Schools and amenities

Estimated Budget