1/101331 ELGIN Street, Burlington
1331 ELGIN Street, Burlington, ON L7S1N5
$475,000 total
—
Asset Class
Land
Size
—
Building class
B
Zoning
AG — Agricultural
$ / SF
—
Occupancy
86%
About this property
Extremely rare opportunity — two vacant building lots in the heart of downtown Burlington! Are you ready to begin an exciting new chapter and create your dream home from the ground up? Now is your chance! This lot is 55.38 x 99.11 ft, irregular and is ready for your vision — design and build the perfect home or investment property in one of Burlington’s most sought-after locations. Selling lot only, not serviced. Just steps from Spencer Smith Park, the waterfront, and vibrant downtown Burlington, where shops, restaurants, trails, and amenities are all within walking distance. With easy access to major highways and transit, this is the ultimate combination of location, lifestyle, and limitless potential. Opportunities like this are rarely available — build something truly magical in the heart of it all! (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$20K
Annual cash flow
$-6K
Cash-on-cash
-4.29%
DSCR
0.77
Going-in cap
4.25%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
104,413
Households
40,191
Median income
$129,500
Median age
38.1
Daytime population
94,829
5-yr growth
4.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 1331 ELGIN Street, Burlington.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.