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250 Plains Rd W - Waterford House 3 Unit Apartment Building Offered at $986,474 USD at a 5.65% Cap Rate Burlington, ON
Investment Highlights
- Ample Parking
- Private Entrances For Each Unit
- Zoning Permits Up To 4 Units
- Recently Updated
- Private Ensuite Laundry
Executive Summary
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.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,498 USD | 600 - 642 |
| 2+1.5 | 1 | $1,900 USD | 1,400 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
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250 Plains Rd W - Waterford House
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