Multi-Family Home for Sale: 495 Colchester Avenue, Burlington, VT 05401

7,564 sqft
$1,500,000
$1,500,000
495 Colchester Avenue, Burlington, VT 05401
7,564 sqft
$1,500,000
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81
Price:
$1,500,000

Type: Multi-Family
Style: Historic Vintage, Multi-Family
Square Feet: 7,564 sqft
Lot Size: 0.09 acres
Year Built: 1840
Taxes Paid: $22,311

City: Burlington
County: Chittenden

MLS: 4905351
Status: Active
DOM: 71 days
Listed by The Kingsland Company, Duncan Harris
Award Winning Historic Preservation! Recently restored, this historical property includes four apartments as well as a restaurant/café space. Known as one of Burlington’s oldest industrial buildings, 495 Colchester Avenue was built circa 1840 as a blacksmith shop. Sometime around the turn of the century it transitioned to Lamare and Abare’s Grocery. After the historic flood of 1927, Colchester Avenue and the bridge connecting it to Winooski were raised. In 2016 the current owners undertook a two-year historic restoration project which included raising the building 10 feet and completely restoring the structural integrity of the building with brick and timber framing. This resulted in an extra level of useable space which has since been converted into a restaurant, currently leased to The Boardroom Café. The balance of the building was also completely renovated and includes two two-bedroom apartments and two three-bedroom units with views of the Winooski River. Upon completion of the project the owners received a Historic Preservation Award from the City of Burlington. This is a first-class mixed-use property located within walking distance to UVM, the hospital and downtown Winooski. Please call the agent to discuss more of the wonderful details of this property that are too numerous to fit in this description.

Virtual Tours for 495 Colchester Avenue Burlington, VT

Lot & Building Features

Utilities: Cable
Construction: Timber Frame
Cooling: None
Heat Source: Gas - Natural
Heating: Hot Air, Hot Water
Sewer: Public
Tax Year: 2021
Taxes Paid: $22,311
Water: Public
Water Heater: Gas - Natural
Basement Description: Climate Controlled, Stairs - Interior, Interior Access, Finished
Foundation: Concrete
Lot Description: City Lot
Roof: Slate
Exterior: Brick, Stone
Garage: No

Unit Features

Unit 1 Apx Sqft: 945
Unit 1 Lease Term: Annual
Unit 1 Rental Agreement: Yes
Unit 1 Rental Amount: 1700.00
Unit 1 Rental Amt Freq: Monthly
Unit 1 Status: Leased
Unit 2 Apx Sqft: 945
Unit 2 Lease Term: Annual
Unit 2 Rental Agreement: Yes
Unit 2 Rental Amount: 1775.00
Unit 2 Rental Amt Freq: Monthly
Unit 2 Status: Leased
Unit 3 Apx Sqft: 945
Unit 3 Lease Term: Annual
Unit 3 Rental Agreement: Yes
Unit 3 Rental Amount: 2100.00
Unit 3 Rental Amt Freq: Monthly
Unit 3 Status: Leased
Unit 4 Apx Sqft: 945
Unit 4 Lease Term: Annual
Unit 4 Rental Agreement: Yes
Unit 4 Rental Amount: 1775.00
Unit 4 Rental Amt Freq: Monthly
Unit 4 Status: Leased
Unit 5 Apx Sqft: 3377
Unit 5 Rental Agreement: Yes
Unit 5 Rental Amount: 3400.00
Unit 5 Rental Amt Freq: Monthly
Unit 5 Status: Leased

Price History of 495 Colchester Avenue, Burlington, VT

Date Name Price Difference
04/15/2022 Listing Price $1,500,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 495 Colchester Avenue, Burlington, VT

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Listing information courtesy of: The Kingsland Company

Copyright 2022 New England Real Estate Network, Inc. All rights Reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 06/25/2022