$4,595,000

For sale

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2124 Harris Crescent, Burlington (Brant) - Multi-family for Sale

2124 Harris Crescent, Burlington (Brant), Ontario, L7R1G4

11 baths17 parking12,000 ft² lot size

2177 Lakeshore Road, Burlington (Brant), Ontario, L7R1A5

7 bd4 ba7 pk2,750 ft²Lot size 52 × 153 ft (7,956 sq ft)

Listed by RE/MAX ESCARPMENT REALTY INC.

First Street, Burlington (Brant), Ontario, L7R1C6

For sale

128 days ago

$2.30M

First Street, Burlington (Brant), Ontario, L7R1C6

8 bd4 ba7 pkLot size 132 × 70 ft (9,240 sq ft)

Listed by SAM MCDADI REAL ESTATE INC.

Investment analysis

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$4,595,000

Burlington

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132 × 251 ft (33,132 sq ft)

Overview

This multi-family property in Burlington is for sale offering roughly 12,000 sq ft of space. It has been on the market 38 days, fresher than the Burlington average of 60 days.

Multi-Family Properties for Sale in Burlington →All real estate in Burlington →

Description

Excellent Location In Downtown Burlington. Eleven Apartments (10 X 2 Bdrm Apartments And 1 x 1 Bdrm Apartment). Attractive Well Maintained Building Set On A Very Large Lot. Separate Hydro Meters. Desirable Neighborhood. Convenient Location - Close To Schools, Shopping, Parks, Lake. Buyer To Assume Tenants. (id:66096)

Property Details

MLS®: W13832768
Property Type: Multi-family
Zoning: DRM
Bathrooms: 11
Parking: 17
Interior Size: 12,000 ft²
Lot Size: 132 × 251 ft (33,132 sq ft)
Frontage: 132 ft
Heating: Hot water radiator heat, Natural gas
Cooling: None
Property Tax: $32,294.06/yr
Listed: 38 days ago

Features

Lot Features: Irregular lot size, Conservation/green belt

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

38d

Burlington (Brant) listings, avg age

60d

Price / ft²

$383

List price

$4.59M

Homes here sell faster than most markets

Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This multi-family in Burlington (Brant) has been listed for 38 days, which is 22 days fresher than the city average of 60. Act while there is still low competition.

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Listed by REALTY LIFE LTD. · JOSEPH DONATO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L7R)

This home lists at $4,595,000, about 53.4× the local median household income of $86,000.

Carrying it typically needs a household income of about $897,564 (20% down, 25-yr amortization, stress-tested) — roughly 944% above the area median.

Median household income: $86,000
Population: 17,338
Median age: 45.2
Owner / renter: 49% / 51%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA L7R)

$4,595,000· $383/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $919,000

Min 20%50%

Mortgage payment$19,597/mo

Property tax (est.)$2,691/mo

Total monthly$22,288

Cash Needed to Close

Down payment (20%)$919,000

Land transfer tax$101,350

Est. closing costs$16,285

Total cash needed$1,036,635

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice