Active

654 Spring Gardens Rd

Burlington Ontario, L7T 1J2

$3,200,000


Active

Commercial

A multi-use investment property with CN2 zoning directly across from Royal Botanical Gardens. Currently setup as 4 units -2 commercial and 2 residential with potential to generate over $140K in income. Vacant possession. Commercial unit #1 is 995 square feet with 10 8 ceilings, reception area, and one bathroom. Commercial unit #2 is 845 square feet open concept with one bathroom. Residential home #1 is a 1,555 square foot 2 storey home with 2+1 beds and 3 full baths with potential to add in-law suite in finished basement (separate entrance in place). Residential home #2 is a detached 1,017 square foot home with 2 bedrooms and 1 full bath. All buildings have been updated and are in extremely great shape. The same owner has lovingly cared for the property since 1989. All units are on separate hydro meters, with 3 separate gas meters and shared water. Investments like these don't come around often. RSA.

W8089008

MLS ID

May 9, 2024

Updated

Map

654 Spring Gardens Rd
Burlington Ontario, L7T 1J2

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Y


Heating

Yes


Heating Description

Gas Forced Air Open

Exterior/Building Features

Lot Size

0.31 Acres


Sewer

SanStorm

Other Property Details

Area Name

Bayview


Taxes

$6,657


Tax Frequency

Annually


Garage

No


Parking

None


View

No


County

Ontario


Municipality

Burlington


Water Source

Municipal


Pool

No


Zoning

CN2

Listing History

Date

Event

Price

5/7/2024

Price Change

$3,200,000

-14%

 

Courtesy of Listed by , RE/MAX ESCARPMENT REALTY INC.,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 2:12 PM UTC, 5/9/2024

 

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