443 PEARL Street, Burlington

40 BEDS · 24 BATHS · 21108 sqft

$7,499,000

This 24-unit apartment building offers investors a rare opportunity to acquire a value-add, multi-family asset in downtown Burlington ??? one of Canada???s most sought-after residential neighbourhoods. This easy to manage 4-storey building has (8) one-bedroom units and (16) two-bedroom units with no elevator or underground parking and separately metered hydro. It also features three new IBC WIFI gas boilers. There is significant revenue growth potential with a 45% rental upside and future development potential. Located steps to restaurants, nightlife, shopping and cultural attractions. Just a short walk to the beautiful waterfront of Lake Ontario, the Brant Street Pier & Spencer Smith Park. With a Walk Score of 96 and easy access to public transit, every amenity is right at the doorstep. This neighbourhood is a gateway to the downtown core of Burlington and there is major highway access nearby easily connecting this area with downtown Toronto, Hamilton or Niagara.

General Info


MLS Listing ID: 40710506 Bedrooms: 40 Bathrooms: 24 Year Built: 0
Listing Type: Multi-family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Poured Concrete Roof: N/A Title To Land: Freehold Parking Space Total: 24
Parking: Covered Heating: Baseboard heaters Size: 21108 sqft Air Conditioning : None
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: Partial (Partially finished)
Water Supply: Municipal water Road Type: N/A Pool Type: N/A
Listed BY: Kevin Roger Girard, Royal LePage State Realty

Amenities/Features


  • Southern exposure
  • Paved driveway
  • Laundry- Coin operated

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