$1,499,000
1286 ONTARIO Street
Beds
—
Baths
—
Sqft
1,624
Year
—
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Prime investment and development opportunity in Downtown Burlington. The property is designated for high-rise development under the Burlington Official Plan. Currently generating $3,300 per month in rental income. A rare and strategic land-bank acquisition. (id:65958)
- Subtype
- Other
- Community
- 311 - Maple
- Common interest
- Freehold
- Living area
- 1,624 square feet
- Stories
- 2
- On market
- Feb 2, 2026
- Status changed
- Apr 14, 2026
- Annual tax
- $5,804
- Zoning
- H-DRH
- Photos
- 8
- MLS#
- 40800901
- Area
- BURLINGTON
Features and systems
Basement
Community
Cash on cash
-11.50%
Cap rate
3.59%
GRM
16.7
Break-even rent
$10,524
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Burlington. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.