$999,000

For sale

1412 OLD YORK Road, Burlington - Single Family for Sale

1412 OLD YORK Road, Burlington, Ontario, L7P4Z5

2 beds1 bath7 parking638 ft²2.01 acres lot sizeListed 45 days ago

Overview

This 2-bedroom, 1-bathroom home in Burlington is for sale offering roughly 638 sq ft of space. Listed at $999,000, it is attractively priced about 23% below the $1,299,900 median asking price in Burlington. It has been on the market 45 days, fresher than the Burlington average of 59 days.

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Description

The perfect blend of rural living within Burlington! This amazing property has just over 2 acres of land offering those buyers looking to create their dream estate in a rural setting. This property stands out amongst the neighbours with the frontage of 120.00 almost doubling many others on the street. The accessible lot has been well maintained with flat topography throughout the lot, useful and functional land will make creating your customized space convenient. Towards the back of the acreage sits a row of trees and wooded area for added privacy. EXCEPTIONAL location with a quick drive to Downtown Burlington, Aldershot Go, Royal Botanical Gardens, Mapleview Mall, the Lakefront and more! (id:66096)

Property Details

MLS®: 40863227
Property Type: Single Family
Zoning: O3-196, RNA1
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 7
Interior Size: 638 ft²
Lot Size: 2.01 acres
Frontage: 120 ft
Storeys: 1
Style: Bungalow
Basement: Partially finished, Full
Heating: Forced air, Oil
Cooling: Central air conditioning
Garage: Detached Garage
Fireplace: Yes
Ownership

Rooms

Basement

Bedroom: 11'0'' x 11'0''
Laundry room: 11'6'' x 10'6''

Main level

Mud room: 9'6'' x 10'0''
3pc Bathroom: 6'0'' x 9'5''
Bedroom: 11'6'' x 11'8''
Kitchen: 11'0'' x 12'1''
Living room: 11'0'' x 12'0''

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Exterior: Metal
Lot Features: Conservation/green belt, Country residential

Services

Water: Well
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

45d

Burlington listings, avg age

59d

Price / ft²

$1,566

List price

$999K

Homes here sell faster than most markets

Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 2-bed single family in Burlington has been listed for 45 days, which is 14 days fresher than the city average of 59. Act while there is still low competition.

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Listed by Royal LePage Burloak Real Estate Services · Paolo Zulian

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L7P)

This home lists at $999,000, about 8.5× the local median household income of $117,000.

Carrying it typically needs a household income of about $195,140 (20% down, 25-yr amortization, stress-tested) — roughly 67% above the area median.

Median household income: $117,000
Population: 29,777
Median age: 44
Owner / renter: 85% / 15%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA L7P)

$999,000· $1,566/ft²

For sale

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Full Cost Breakdown

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Down Payment7.50% · $74,900

Min 7.50%50%

Mortgage payment$5,123/mo

↳ CMHC premium ($36,964 capitalized)

Property tax (est.)$428/mo

Total monthly$5,551

Cash Needed to Close

Down payment (7.50%)$74,900

Land transfer tax$16,455

Est. closing costs$5,497

Total cash needed$96,852

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