2149 Caroline Street, Burlington
- Bedrooms: 5
- Bathrooms: 3
- Living area: 4357 square feet
- Type: Commercial
- Added: 2 days ago
- Updated: 1 days ago
- Last Checked: 7 hours ago
Attention Builders, Renovators, or Savvy Investors! Rare Opportunity in Downtown Burlington Seize the chance to own a very Rare opportunity to own a 79.91' x 150' residential duplex or building lot in Downtown Burlington. Prime location near amenities, shopping, theatre, transit, trails, parks, and the lake. Situated in a highly desirable mature neighborhood surrounded by renovated and newly built homes. Options include: renovate the existing duplex, build one new home up to 5,000 sq/ft, or build two new homes (severance pending). Currently divided into 3 separate leased units. Potential Uses: Continue renting to three individuals for steady income. With an option for a 4th unit in the basement. Subdivide the property into 2 lots for increased value and flexibility. Upgrade rental units for higher-paying tenants. Hold the property for future appreciation or custom home development. Potential for 4-5 townhome development, pending city approval. 48 hours' notice required to access the tenanted dwelling. Property sold as-is with no representation or warranty. Don't miss this unique one-of-a-kind property with endless potential. (id:1945)
Property Details
- Heating: Forced air, Natural gas
- Property Type: Duplex / Building Lot
- Lot Size: 79.91' x 150'
- Current Use: Residential
Interior Features
- Basement: Partially finished, Full
- Living Area: 4357
- Bedrooms Total: 5
- Units: 3
- Potential Additional Unit: 4th unit in the basement
- Current Rentals: Three leased units
Exterior & Lot Features
- Water Source: Municipal water
- Parking Total: 11
- Parking Features: Detached Garage
- Lot Size Dimensions: Unit=79.91 x 150 FT
- Mature Neighborhood: true
- Renovated And Newly Built Homes Nearby: true
- Potential For Townhome Development: 4-5 townhomes pending city approval
Location & Community
- Directions: Brant- Caroline
- Proximity To Amenities: Shopping, Theatre, Transit, Trails, Parks, Lake
- Desirability: Highly desirable neighborhood
Property Management & Association
- Tenants: Current tenants in place
- Notice Required For Access: 48 hours
Business & Leasing Information
- Rental Income: Steady income from tenants
- Upgrade Potential: Upgrade rental units for higher-paying tenants
- Investment Opportunities: Continue renting, Subdivide property for increased value, Hold for future appreciation, Custom home development
Utilities & Systems
- Sewer: Sanitary sewer
- Sold As Is: true
- No Representation Or Warranty: true
Tax & Legal Information
- Tax Year: 2024
- Tax Annual Amount: 9172
- Zoning Description: R3.2
- Severance: Pending for two new homes
Additional Features
- Unique Opportunity: true
- Endless Potential: true
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