Investment property in Downtown Burlington-only 1 block from Lake Ontario!
Zoned commercial/residential-Ideal for condo with ground floor store-front
Next to the new Performing Arts Theatre Centre, directly across from Burlington City Hall.
Great potential! Property has street frontage on both sides.
Currently has 2 buildings on lot. One used for hair salon, other used as residential apartment and nail spa.
"The Land Transfer Tax in Burlington, Ontario based on the selling price of $1,700,000.00 is $30,475.00."
* See the land transfer tax formula for Ontario
+ $0 to $55,000.00 - land transfer tax is 0.5% + $55,000.00 to $250,000.00 - land transfer tax is 1.0 + $250,000.00 to $400,000.00 - land transfer tax is 1.5%
$400,000.00 and up - land transfer tax is 2.0%
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