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648-654 Francis Road
LaSalle Burlington L7T 3X7

$1,989,000 /For Sale
Commercial

Main Photo: 648-654 Francis Road in Burlington: LaSalle Commercial for sale : MLS®# W13039568
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
W13039568
Bus Major:
Apts - 2 To 5 Units
An Incredible opportunity to own an exceptionally well-maintained four (4)-plex townhouse property backing onto a scenic bike and walking trail in the desirable Aldershot North Shore Rd neighbourhood. Proudly owned by the same owner for over 30 years, this quadplex features four identical units, each offering 3 bedrooms, 1.5 bathrooms, a private yard, full basement, and spacious kitchen, dining, and living areas. Fully tenanted on a month-to-month basis, the property has been meticulously cared for and updated over the years, including newer roof, windows, furnaces, central air conditioners, and updated kitchens and bathrooms. Parking for up to 8 vehicles is available at the rear of the building. Please note that not all units may be available for showings-refer to virtual tour, photos, and floor plans where possible. Tenants pay their own gas and hydro with separate meters. Excellent tenants in place who pay on time. Prime location with easy access to major routes (QEW/403/407 and GO Station), and within walking distance to downtown Burlington, the lakefront, beach, hospital, and surrounded by peaceful greenspace.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
4280 sq. ft. Square Feet
Total Area:
4,280 sq. ft.
Lot Depth:
125'
Lot Frontage:
82'
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
RM2
Heating type:
Gas Forced Air Closed
Garage:
None
Parking Spaces:
8
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Assessment:
$988,000
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$9,599.36 / 2025
Assessment:
$988,000.00 / 2025
Halton
Burlington
LaSalle
Major Highway, Public Transit
No
(1) hot Water Heater
4 Fridges, 4 Stoves, 4 Cloth Washers and 4 dryers, 3 Hot Water Tanks Owned
Tenant Belongings
No
UFFI:
No
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
Yes
Gross income:
$104,774.4
Net Income Before Debt:
$86,467.4
Expenses Actual/Estimated:
Actual
Insurance Expenses:
$1,844.64
Operating Expenses:
$18,307
Water Expenses:
$2,863
Year Expenses:
18307
Maintenace Expenses:
$4,000
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Franchise:
No
Chattels:
Yes
Outside Storage:
No
Date Listed:
Apr 24, 2026
Original Price:
Previous Price:
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Listed by RE/MAX REAL ESTATE CENTRE INC.
Data was last updated April 25, 2026 at 12:15 AM (UTC)
DARYL  KING
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1. Are apartment buildings a good investment?
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2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

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Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.