492 Locust St
Brant, Burlington, L7S 2R1
FOR SALE
$2,150,000
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BEDROOMS5
BATHROOMS3
KITCHENS13
ROOMSW8304568
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Property Description
Welcome to the epitome of historical charm and modern convenience! This exquisite 1890's Victorian home, located in beautiful downtown Burlington, presents an exceptional investment opportunity. Boasting four fully occupied units with fantastic tenants, this turnkey property ensures immediate income generation. Recent updates include a new boiler system in 2024 and mostly newer windows, while the roof was replaced in 2008, offering durability and peace of mind. With parking for up to 10 cars and numerous updates in 2004 and since, this property has been meticulously maintained by both tenants and current owners. Situated in a prime location close to amenities, shops, and transportation, this well-cared-for gem is a great opportunity. Don't miss out on this rare chance to own a piece of Burlington's history while securing a prosperous future. Be sure to schedule a private viewing and seize this extraordinary opportunity today!
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Nearby Intersections
Lakeshore & Maple (37)
Lakeshore & Brant (50)
Property Features
Arts Centre, Hospital, Lake/Pond, Place Of Worship, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Fourplex, 3-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
67' x 132'
Acreage
< .50
Fronting
West
Taxes
$13,299 (2023)
Basement
Full, Unfinished
Exterior
Brick
Heat Type
Water
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
10
Driveway
Mutual
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Office | Main | 14.73' x 14.76' | Fireplace, Hardwood Floor |
| Office | Main | 13.09' x 13.09' | Vinyl Floor |
| Kitchen | Main | 7.58' x 8.14' | Vinyl Floor |
| Other | Main | 9.45' x 11.29' | |
| Other | Main | 9.94' x 10.20' | |
| Prim Bdrm | 2nd | 9.94' x 14.80' | Broadloom |
| Dining | 2nd | 7.74' x 14.67' | Laminate |
| Living | 2nd | 14.96' x 18.31' | Broadloom, W/O To Patio |
| Kitchen | 2nd | 9.84' x 7.91' | |
| Br | 3rd | 15.72' x 12.24' | |
| Br | Main | 9.91' x 14.63' | |
| Kitchen | Main | 9.28' x 6.59' |
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Burlington Market Statistics
Burlington Price Trend
492 Locust St is a 3-bedroom 5-bathroom home listed for sale at $2,150,000, which is $774,059 (56.3%) higher than the average sold price of $1,375,941 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in Burlington increased by $152,172 (12.4%) compared to the previous 30 day period (March 15 - April 13) and up $120,929 (9.6%) from the same time one year ago.Inventory Change
There were 150 3-bedroom homes listed in Burlington over the last 30 days (April 14 - May 13), which is up 89.9% compared with the previous 30 day period (March 15 - April 13) and up 28.2% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Burlington typically sold ($3,219) (0.2%) below asking price over the last 30 days (April 14 - May 13), which represents a $14,560 decrease compared to the previous 30 day period (March 15 - April 13) and $30,707 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Burlington over the last 30 days (April 14 - May 13) stood at 63.3%, down from 113.9% over the previous 30 days (March 15 - April 13) and down from 97.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 5-bathroom home in Burlington stood at 9 days when successfully sold over the last 30 days (April 14 - May 13), compared to 41 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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