$ 1.899.000

2149 Caroline Street, Burlington

  • Bedrooms: 5
  • Bathrooms: 3
  • Living area: 4357 square feet
  • Type: Commercial
  • Added: 20 days ago
  • Updated: 5 days ago
  • Last Checked: 13 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 DetailsKey information about 2149 Caroline Street

  • Heating: Forced air, Natural gas
  • Property Type: Duplex / Building Lot
  • Lot Size: 79.91' x 150'
  • Current Use: Residential

Interior FeaturesDiscover the interior design and amenities

  • Living Area: 4357
  • Bedrooms Total: 5
  • Units: 3
  • Potential Additional Unit: 4th unit in the basement
  • Current Rentals: Three leased units

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 2149 Caroline Street

  • 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 & CommunityUnderstand the neighborhood and community

  • Directions: Brant- Caroline
  • Proximity To Amenities: Shopping, Theatre, Transit, Trails, Parks, Lake
  • Desirability: Highly desirable neighborhood

Business & Leasing InformationCheck business and leasing options available at 2149 Caroline Street

  • 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

Property Management & AssociationFind out management and association details

  • Tenants: Current tenants in place
  • Notice Required For Access: 48 hours

Utilities & SystemsReview utilities and system installations

  • Sewer: Sanitary sewer
  • Sold As Is: true
  • No Representation Or Warranty: true

Tax & Legal InformationGet tax and legal details applicable to 2149 Caroline Street

  • Tax Year: 2024
  • Tax Annual Amount: 9172
  • Zoning Description: R3.2
  • Severance: Pending for two new homes

Additional FeaturesExplore extra features and benefits

  • Unique Opportunity: true
  • Endless Potential: true
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