34 PRESTON PLACE
Property Gallery Legal Duplex North Welland Location. No Rear Neighbours.…
For Sale
$564,900
1286 ONTARIO STREET
1286 ONTARIO STREET
For Sale
$1,690,000
Description
Property Gallery
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. (id:62834)
Features
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30 Years Fixed, 3.5% Interest
- Principal and Interest
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