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

For sale

38 days ago

$4.59M

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

11 ba17 pk12,000 ft²Lot size 132 × 251 ft (33,132 sq ft)

Listed by REALTY LIFE LTD.

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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$2,149,000

Burlington

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$2,149,000

For sale

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2177 Lakeshore Road, Burlington (Brant) - Multi-family for Sale

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

7 beds4 baths7 parking2,750 ft²52 × 153 ft (7,956 sq ft) lot sizeListed 27 days ago

Overview

This multi-family property in Burlington is for sale offering roughly 2,750 sq ft of space. It has been on the market 27 days, fresher than the Burlington average of 60 days.

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

Description

Spectacular opportunity to own this income producing property located steps from Downtown Burlington! Fully renovated in 2022, each unit features upgraded flooring, fresh paint, modern light fixtures, Stainless steel appliances, updated kitchens with quartz countertops, and bathrooms. The basement includes 2 bedrooms, 1 bathroom, a large living space, kitchen, and a separate entrance. The main floor includes large windows, tiled entry area, walnut accented fireplace wall, 2 bedrooms, 2 bathrooms, a large living room, and additional dining space. The second and third floor space is a true delight! Large windows let in waves of light, 3 bedrooms, 1 full bathroom, a large kitchen with dining area and large living room space. This property presents a fantastic opportunity to maximize cash flow for investors. Alternatively, this beautiful home could be converted into a large masterful single family residence. Enjoy everything Burlington has to offer, just steps from Spencer Smith park, restaurants, the Lakefront Trail, schools, and more! (id:66096)

Property Details

MLS®: W13875024
Property Type: Multi-family
Zoning: R3.2
Bedrooms: 7
Beds (above / below): 5 above · 2 below
Bathrooms: 4
Half Baths: 1
Parking: 7
Interior Size: 2,750 ft²
Lot Size: 52 × 153 ft (7,956 sq ft)
Frontage: 52 ft
Storeys: 3
Basement: Full
Heating: Baseboard heaters, Electric
Cooling: Wall unit
Garage: No Garage
Property Tax: $8,122.25/yr
Listed

Rooms

Second level

Living room: 4.39 x 3.86 meters
Bathroom
Dining room: 3.1 x 3.96 meters

Third level

Bedroom: 5.99 x 4.39 meters
Bedroom: 4.04 x 4.39 meters

Basement

Kitchen: 3.66 x 2.36 meters
Bathroom
Bedroom: 3.66 x 2.82 meters
Bedroom: 2.87 x 2.29 meters
Living room: 6.12 x 3.56 meters

Features

Appliances: Refrigerator, Dishwasher, Stove, Oven, Dryer, Window Coverings, Two Washers
Foundation: Stone
Exterior: Brick Facing, Brick Veneer

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Burlington (Brant) listings, avg age

60d

Price / ft²

$781

List price

$2.15M

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 7-bed multi-family in Burlington (Brant) has been listed for 27 days, which is 33 days fresher than the city average of 60. Act while there is still low competition.

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Listed by RE/MAX ESCARPMENT REALTY INC. · GREG KUCHMA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L7R)

This home lists at $2,149,000, about 25.0× the local median household income of $86,000.

Carrying it typically needs a household income of about $419,775 (20% down, 25-yr amortization, stress-tested) — roughly 388% 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)

$2,149,000· $781/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $429,800

Min 20%50%

Mortgage payment$9,165/mo

Property tax (est.)$677/mo

Total monthly$9,842

Cash Needed to Close

Down payment (20%)$429,800

Land transfer tax$40,200

Est. closing costs$8,947

Total cash needed$478,947

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