$2,149,000

For sale

2177 LAKESHORE Road, Burlington - Single Family for Sale

2177 LAKESHORE Road, Burlington, Ontario, L7R1A5

7 beds4 baths7 parking2,662 ft²Listed 28 days ago

Overview

This 7-bedroom, 4-bathroom home in Burlington is for sale offering roughly 2,662 sq ft of space. It has been on the market 28 days, fresher than the Burlington average of 58 days.

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Description

Spectacular opportunity to own this income producing property located steps from Downtown Burlington! Fully renovated in 2022, each unit features upgraded flooring, fresh paint, modern light fixtures, Stainless steel appliances, updated kitchens with quartz countertops, and bathrooms. The basement includes 2 bedrooms, 1 bathroom, a large living space, kitchen, and a separate entrance. The main floor includes large windows, tiled entry area, walnut accented fireplace wall, 2 bedrooms, 2 bathrooms, a large living room, and additional dining space. The second and third floor space is a true delight! Large windows let in waves of light, 3 bedrooms, 1 full bathroom, a large kitchen with dining area and large living room space. This property presents a fantastic opportunity to maximize cash flow for investors. Alternatively, this beautiful home could be converted into a large masterful single family residence. Enjoy everything Burlington has to offer, just steps from Spencer Smith park, restaurants, the Lakefront Trail, schools, and more! (id:66096)

Property Details

MLS®: 40869315
Property Type: Single Family
Zoning: R3.2
Bedrooms: 7
Beds (above / below): 5 above · 2 below
Bathrooms: 4
Half Baths: 1
Parking: 7
Interior Size: 2,662 ft²
Frontage: 52 ft
Year Built: 1890
Storeys: 3
Style: Tudor
Basement: Finished, Full
Heating: Baseboard heaters
Cooling: Wall unit
Ownership: Freehold
Property Tax

Rooms

Basement

Bonus Room: 8'8'' x 10'7''
Utility room: 9'7'' x 10'5''
Living room/Dining room: 11'8'' x 20'1''
Bedroom: 7'6'' x 9'5''
Bedroom: 9'3'' x 12'0''
3pc Bathroom
Kitchen: 7'9'' x 12'0''

Third level

Bedroom: 14'5'' x 13'3''
Bedroom: 14'5'' x 19'8''

Second level

4pc Bathroom

Features

Foundation: Stone
Exterior: Brick Veneer

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

28d

Burlington listings, avg age

58d

Price / ft²

$807

List price

$2.15M

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 7-bed single family in Burlington has been listed for 28 days, which is 30 days fresher than the city average of 58. Act while there is still low competition.

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Listed by RE/MAX Escarpment Realty Inc. · Greg Kuchma

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L7R)

This home lists at $2,149,000, about 25.0× the local median household income of $86,000.

Carrying it typically needs a household income of about $419,775 (20% down, 25-yr amortization, stress-tested) — roughly 388% above the area median.

Median household income: $86,000
Population: 17,338
Median age: 45.2
Owner / renter: 49% / 51%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA L7R)

$2,149,000· $807/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $429,800

Min 20%50%

Mortgage payment$9,165/mo

Property tax (est.)$677/mo

Total monthly$9,842

Cash Needed to Close

Down payment (20%)$429,800

Land transfer tax$40,200

Est. closing costs$8,947

Total cash needed$478,947

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