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Mountainside, Burlington
$1,249,999
Welcome to 1267 Fisher Ave - a beautifully renovated detached bungalow on a generous corner lotin Burlington, offering an incredible combination of modern living, space, versatility, andDOUBLE INCOME OPPORTUNITY!The beautifully updated main level features 2 spacious bedrooms and a bright, inviting layoutwith modern finishes throughout. Downstairs, the fully finished lower level offers 3 additionalbedrooms, a full kitchen, and a private separate entrance - creating an excellent opportunityfor extended family, multi-generational living, or potential rental income.What truly sets this property apart is the SECOND potential income opportunity. The detachedgarage is being transformed into a private studio-style guest space, offering even moreflexibility for additional accommodations, a home office, or potential supplementary rentalincome. With TWO separate spaces offering income-generating possibilities, this home presents arare opportunity for buyers looking to offset their carrying costs or maximize the potential oftheir property.Sitting on a spacious corner lot, the home also features a huge backyard with plenty of roomfor entertaining and outdoor enjoyment. The oversized driveway provides parking for up to 7vehicles - an exceptional feature for a property with multiple living spaces - and the storagebox located on the driveway is included with the property, providing convenient additionalstorage.With 5 bedrooms in total, a finished lower level with its own kitchen and entrance, a separatestudio-style space, parking for up to 7 vehicles, a large backyard, and a newly replaced roofcompleted earlier this year, 1267 Fisher Ave offers outstanding versatility and value.LIVE IN ONE. GENERATE INCOME FROM TWO. A truly unique Burlington property with possibilitiesthat are hard to find!
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $4,537 |
| Lot Size | 85 ft x 100 ft |
| mls© Number | W13761146 |
| Listed By | ORION REALTY CORPORATION |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,398
- Property tax
- $378
- Heat allowance
- $150
- Housing costs
- $6,926 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$213,000
gross annual household income
- Payment at 4%
- $5,260 / mo
- Cash down
- $250,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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