366 North Avenue Burlington, Vermont 05401 MLS# 4994977

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For Sale Status

$695,000 List Price

House Type

5 Beds

3 Baths

3,430 Sqft

Listed By Kathleen OBrien of Four Seasons Sotheby's Int'l Realty
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Burlington

366 North Avenue
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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 main house for $3,500 monthly. Significant upgrades enhance its appeal, including finished lower levels, new gas fireplace inserts, and radon mitigation. 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. A separate studio apartment, currently owner occupied could bring in additional rental income of $2,000 monthly. 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. OPen House 5/11/24 12-3

Property Location

366 North Avenue Burlington

Property Details

List Price  $695,000 Total Rooms  8 List Date  May 9th, 2024
Cooperation Fee  Unknown Lot Size  0.3 Acres Taxes $13,129
MLS#  4994977 Days on Market  68 Days Tax Year 2023
Type  House Stories  2 Road Frontage  
Bedrooms  5 Style   Water Frontage  
Full Bathrooms  2 Finished  3,430 Sqft Construction  No, Existing
3/4 Bathrooms  0 Above Grade  3,430 Sqft Seasonal  No
Half Bathrooms  1 Below Grade  0 Sqft Year Built  1935
1/4 Bathrooms  0 Garage Size  2 Car County  Chittenden
Interior Features
Equipment & Appliances
Construction
BasementInterior, Interior Stairs, Exterior Stairs, Stairs - Interior
Exterior Features
Exterior   Disability Features  
Foundation  Concrete House Color  White
Floors   Building Certifications  
Roof  Shingle HERS Index  
DirectionsTake North Ave through Burlington out to the New North End. About a mile past the police station the property is on the right across from the New Complex Cambrian Rise (previously the Burlington College Campus)
Lot DescriptionUnknown, Near Bus/Shuttle, Near Public Transportatn, Near Hospital
Garage & Parking  Driveway, Driveway, Garage, Paved, Attached, Detached
Road Frontage   Water Access  
Suitable Use Water Type  
Driveway  Paved Water Body  
Flood Zone  No Zoning  RC
School District  Burlington School District Middle  
Elementary   High  
Heat Fuel  Gas-Natural Excluded  
Heating/Cool  Other, Hot Water, Hot Air, Baseboard Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  
Electric  Circuit Breaker(s), 200 Amp Tax ID  114-035-13666
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† The remarks published on this webpage originate from Listed By Kathleen OBrien of Four Seasons Sotheby\'s Int\'l Realty via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.