36 Burwell Street

Nestled in the vibrant heart of Paris, Ontario, this charming property at 36 Burwell Street, Paris, presents an excellent opportunity as a Multi-Family Home for sale in Paris . This income-producing duplex is designed to cater to both savvy investors and those looking for a comfortable living arrangement with the potential for additional revenue. With the property located in one of Ontario's fastest-growing communities, it’s a prime investment that promises immediate returns and long-term growth.

As you step into this turn-key up-and-down duplex, you'll find that the main unit has been recently renovated, ensuring a fresh and modern living space. The property is delivered with vacant possession upon closing, making it an ideal choice for anyone looking to move in or rent out immediately. Each of the two units features one bedroom, complete with private entrances and in-suite laundry facilities, which adds to the convenience and appeal of this Multi-Family Home for sale in Paris. The thoughtful updates throughout both units enhance the overall living experience, ensuring that future occupants will feel right at home.

One of the standout features of this property is its efficient layout. Each unit is separately metered, which simplifies the management of operating costs and allows for predictable expenses. The lower unit benefits from a natural gas forced air furnace, while the upper unit is heated by a natural gas space heater, providing warmth and comfort throughout the colder months. The property also boasts a partial, unfinished basement, offering additional storage options or the potential for future development.

Parking is another significant advantage of this Multi-Family Home for sale in Paris. With on-site parking available for two vehicles off Dundas Street, each unit has its own dedicated space, ensuring that residents have convenient access to their vehicles. The gravel garage type and outside/surface/open driveway provide ample room for parking, which is a rare find in such a central location.

The property is zoned RM1 26, allowing for continued residential use while also supporting a variety of other potential uses, including office, medical, dental, or studio applications. This zoning flexibility opens up numerous possibilities for the buyer, whether they wish to maintain the current residential setup or explore alternative uses that could generate additional income. This aspect of the property truly enhances its appeal as a Multi-Family Home for sale in Paris.

While the property does not include a pool or central vacuum system, it does come equipped with essential appliances such as a dryer, refrigerator, stove, and washer, making it ready for immediate occupancy. The unfurnished nature of the units allows new owners to put their personal stamp on the space, creating a home that reflects their style and preferences.

Situated on a generous lot measuring 47 X 0 feet, this property also benefits from municipal water services, ensuring reliable access to water. Although there is no sewer connection, the property’s location in the 2106 - Green Lane Park community offers a lovely environment for residents to enjoy.

In summary, 36 Burwell Street, Paris, is a remarkable Multi-Family Home for sale in Paris that combines the best of both worlds: a solid investment opportunity with the potential for immediate revenue and the flexibility for future growth. With its prime location, modern amenities, and zoning versatility, this property is poised to attract both investors and owner-occupants alike. Don’t miss out on this chance to secure a piece of real estate in one of Ontario’s most promising areas!

Green Lane Park, located in the vibrant city of Paris, offers a serene and picturesque environment that seamlessly blends urban living with natural beauty. This charming neighbourhood is characterised by its lush green spaces, inviting parks, and tree-lined streets, providing residents with a peaceful retreat from the bustling city life. With convenient access to local amenities, including cafes, shops, and excellent public transport links, Green Lane Park is an ideal locale for those seeking a harmonious balance between relaxation and city convenience. The community is also enriched by a diverse mix of cultures, making it a welcoming place for newcomers to call home.

Schools in the Neighbourhood

This property is conveniently located near two educational institutions that cater to a range of student needs. The North Ward School, an elementary public school operated by the Grand Erie District School Board, is situated just 2.4 kilometers away. It serves grades from Junior Kindergarten to Grade 8, providing a foundational education in English. For families with older children, Paris District High School is only 1.8 kilometers from the property. This secondary public school, also under the Grand Erie District School Board, offers education for grades 9 to 12, ensuring a smooth transition for students as they progress through their academic journey. Both schools are accessible and provide a supportive learning environment, making this property an excellent choice for families prioritizing education. While the school ratings are currently listed as "0," it’s advisable for potential buyers to visit the schools or check local resources for more detailed insights into the educational quality and community involvement. Overall, the proximity to these schools enhances the appeal of the property for families seeking a nurturing educational atmosphere for their children.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, yet vibrant community with a population of 641 residents as of 2021. The average household consists of two individuals, with a median age of 42.2 years, indicating a mature population. The average household income stands at $97,000, reflecting a relatively affluent community, although 11.2% of residents are classified as low-income. Housing in the area averages $576,000, with 31.15% of residents renting their homes, while 32.79% live in condominiums. The community is diverse, with 8.27% of residents being immigrants. Socially, 44.55% of the population is single, and 30.77% of households include children, highlighting a mix of family structures. Educational attainment is high, with 61.95% of residents holding a college or university degree. However, a significant portion of the population, 28.32%, is not in the labor force, which may impact local economic dynamics. Overall, this area presents a blend of stability and diversity, making it an appealing location for potential homeowners and investors alike.