366 North Avenue, Burlington, VT 05401

$695,000
5
BD
3
BA
3,430
SqFt

Listing courtesy of Patrick O'Connell from Four Seasons Sotheby's Int'l Realty. ()

List Price
$695,000
Status
ACTIVE
MLS#
5016692
Bedrooms
5
Bathrooms
3
Living Area
3,430
Lot Size
13,068
Acres
0.30
Year Built
1935

Property Description

This property, nestled in Burlington's RC zone under new zoning regulations, presents an enticing opportunity for investment and comfortable living. With permissions for a four-story apartment building, it's primed for development. Currently, the owner capitalizes on rental income, leasing the back apartment for $1,750 monthly. Smart amenities like Nest thermostats add modern convenience.The main house boasts a spacious open living area, kitchen, and a first-floor bedroom with a newer full bathroom. Upstairs, two bedrooms offer ample accommodation. An outbuilding also generates $1,200 monthly for storage. The expansive garage, accommodating four (ish) cars, doubles as a workshop or space ripe for conversion into a home business. Beyond its practicality, the property delights with views of the Green Mountains to the east. Many neighboring owners on North Ave have embraced this vista, creating patio areas for enjoyment. Conveniently located, the property offers easy access to amenities and activities. With its multifaceted potential and prime location, this property is poised to fulfill diverse needs and aspirations.

Additional Information

Delayed Showing
No
Tax Amount
$13,129
Listing Agent
Patrick O'Connell
Listing Office
Four Seasons Sotheby's Int'l Realty
School District
Burlington School District
Number Stories
2
Garage Capacity
2
Electric
200 Amp, Circuit Breaker(s)
Basement
Concrete Floor, Stairs - Exterior, Stairs - Interior
Flood Zone
No
Garage And Parking
Auto Open, Driveway, Garage, Paved, Attached, Detached
Foundation
Concrete
Roads
Paved, Public
Driveway
Paved
Sewer
Public
Rooms
8
Roof
Shingle
Zoning
RC
Heat Fuel
Gas - Natural
Heating And Cooling
Baseboard, Hot Air, Hot Water, Other
Seasonal
No

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

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