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Investment signal

$1

1244 FISHER AVENUE

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Location

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About this home

Premier Residential Development Lot on Fisher Avenue. An exceptional opportunity to acquire a prime, fully water-serviced residential lot in one of Burlington' s most desirable, family-friendly neighborhoods. Measuring approximately 50' x 174', this shovel-ready lot is ideal for building a custom home or investment property. Strategically positioned to align with the City of Burlington' s new housing initiative, the zoning permits the development of multiple Additional Residential Units (ARUs), offering strong potential for future value and rental income. Surrounded by top amenities, including excellent schools, parks, Mountainside Arena & Pool, Home Depot, Costco, Fortinos, FreshCo, Food Basics, and Sobeys. Images shown are concept renderings for illustrative purposes only and are intended to demonstrate potential development possibilities. They are not intended to mislead and do not represent approved or included plans (id:65958)

Subtype: Vacant Land
Community: Mountainside
Lot dimensions: 15 x 53.34 M
On market: Apr 16, 2026
Status changed: Apr 16, 2026
Annual tax: $4,888
Zoning: R 3.2
Photos: 4
MLS#: W13004756
Area: BURLINGTON_(MOUNTAINSIDE)

Features and systems

Utilities

SewerElectricityCable

Positive cash flow ~$2,200/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

13199960.30%

Cap rate

2639997.95%

GRM

0.0

Break-even rent

$84

Financing

Down payment$0

Loan amount$1

Mortgage$0/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$0

Insurance$80

Maintenance$0

CapEx reserve$0

Vacancy loss$120

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 (Mountainside). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $0/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.