1 year on Market

492 Locust St, Burlington, Ontario L7S 2R1

Other
-
-
~3660 sqft
$2,150,000
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Other
-
-
~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 Market1 year


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

StyleMulti-Use
View-
Age of property100+
SqFt~3660 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberW8304596
Community NameBurlington Waterfront
Data SourceTRREB
Listing byRE/MAX ESCARPMENT REALTY INC.

Features

Heating: Gas Hot Water
Cooling: Y
Basement: Y

Property listed by RE/MAX ESCARPMENT REALTY INC., Brokerage

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Market Data - Burlington Waterfront

Geo Zone Map ThumbnailBurlington Waterfront

Buyer's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

41 days

Compared to

2024

43 days

2023

28 days

2022

9 days

New Listings

Past 30 days

82 listings

Compared to

2024

84 listings

2023

58 listings

2022

58 listings

Units sold

Past 30 days

30 units

Compared to

2024

39 units

2023

36 units

2022

34 units

Median Sold Price

Past 30 days

$887,100

Compared to

2024

$1,125,000

2023

$980,000

2022

$1,265,000


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