250 Plains Rd W - Multi-Family FOR SALE


Burlington, ON - Aldershot
$1,349,990 CAD
416-627-5432
250 Plains Rd W, Burlington, ON for Sale
$1,349,990 CAD
Multi-Family - FOR SALE
1/33
null | 5.65% Cap Rate

250 Plains Rd W
Burlington, ON
Aldershot


HIGHLIGHTS

  • Ample Parking
  • Recently Updated
  • Private Entrances For Each Unit
  • Private Ensuite Laundry
  • Zoning Permits Up To 4 Units

OVERVIEW

Nestled in the heart of Burlington, 295 Plains Road West is a breathtaking Tudor-style masterpiece that seamlessly blends century-old elegance with a high-performance investment profile. This meticulously maintained residence offers a rare 5.65% cap rate, providing immediate cash flow and long-term stability in one of the region’s most coveted corridors. The expansive 50 x 177-foot lot houses an impressive interior featuring intricate original woodwork, leaded glass windows, and a versatile layout that currently operates as a premium triplex with significant upside—including a zoning exemption that allows for up to four units or the addition of a detached garden suite. Perfectly positioned just minutes from the Aldershot GO Station and the QEW, this property serves as both a trophy asset for the discerning investor and a luxurious retreat for those seeking the character of a historic estate with the financial benefits of a modern multi-residential powerhouse. **Note: Basement tenant will be vacating in May, Sellers are to refresh unit.

FOR SALE DETAILS

PRICE

$1,349,990 CAD

PRICE/SF

$450 CAD /SF

# OF UNITS

3

PRICE/UNIT

$449,997

CAP RATE

5.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Waterford House

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

9

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jonathan OrlandoReal Broker Ontario Ltd.More Info
416-627-5432

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jonathan OrlandoReal Broker Ontario Ltd.More Info
416-627-5432

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.