Detached 2-storey home on a 44' x 160' lot (7,082 sf). Home is 2,100 sf in size. Currently also includes a commercial / retail unit at front of bldg on the ground floor with 2-pc washroom (buyer to verify if legal continued use would be permitted, if necessary). Current use for the 372 sf commercial space is a dry cleaning pickup/dropoff depot (not plant). Rear of ground floor is a residential unit of 1 bedroom, kitchen, and washroom. The second floor features 3 bedrooms & one washroom. Separate entrances for business and residence. Property is fully tenanted with total rental income of $3,300 / month (tenants pay utilities additionally). Home is located 2 blocks away from lakeshore rd, the waterfront trail, spencer smith park with its burlington lakeshore playground, and lake ontario! Quiet & safe family-oriented neighbourhood compared to busy go station areas. Walking distance to downtown burlington and a 3 min drive to joseph brant hospital, quick access to major highways including the qew, 403, and 407, and nearby mapleview shopping centre. *** immediate re-development potential: can be purchased with 3 additional adjacent properties 1280, 1290, 1292 to form a 30,104 sf (0. 69 ac) high-rise site (already designated as such in burlington op). Total site dimension of 4 properties: 187 ft x 160 ft. Vacant possession of all 4 properties is possible, or buyer can assume tenants for holding income until redevelopment.
Listing IDW12482830
Address1286 Ontario Street
CityBurlington, Ontario
Price$1,690,000
Bed / Bath4 / 3 Full
Style2-Storey, Detached
ConstructionOther
Land Size7082
TypeResidential
StatusFor Sale
