$1,399,999

For sale

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4447 Spruce Avenue, Burlington (Shoreacres) - Single Family for Sale

4447 Spruce Avenue, Burlington (Shoreacres), Ontario, L7L1M3

3 beds1 bath6 parking ft²

4180 Lakeshore Road, Burlington (Shoreacres), Ontario, L7L1A4

5 bd4 ba10 pk4,250 ft²Lot size 60 × 145 ft (8,700 sq ft)

Listed by RE/MAX Escarpment Realty Inc., Brokerage

625 Belvenia Road, Burlington (Shoreacres), Ontario, L7L4Z3

For saleJust listed

Yesterday

$1.15M

625 Belvenia Road, Burlington (Shoreacres), Ontario, L7L4Z3

4 bd2 ba4 pk1,300 ft²Lot size 47 × 156 ft (7,379 sq ft)

Listed by RE/MAX ESCARPMENT REALTY INC.

4338 Longmoor Drive, Burlington (Shoreacres), Ontario, L7L1X5

For saleJust listed

3 days ago

$750K

4338 Longmoor Drive, Burlington (Shoreacres), Ontario, L7L1X5

4 bd2 ba4 pk1,300 ft²Lot size 56 × 151 ft (8,501 sq ft)

Listed by RE/MAX ESCARPMENT REALTY INC.

4334 Spruce Avenue, Burlington (Shoreacres), Ontario, L7L1L5

For saleJust listed

5 days ago

$1.23M

4334 Spruce Avenue, Burlington (Shoreacres), Ontario, L7L1L5

4 bd2 ba3 pk1,300 ft²Lot size 78 × 125 ft (9,798 sq ft)

Listed by HODGINS REALTY GROUP INC.

Investment analysis

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$1,399,999

Burlington

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75 × 125 ft (9,375 sq ft) lot size

Overview

This 3-bedroom, 1-bathroom home in Burlington is for sale offering roughly 1,300 sq ft of space. Listed at $1,399,999, it is attractively priced about 12% below the $1,590,000 median asking price in Burlington. It has been on the market 35 days, fresher than the Burlington average of 57 days.

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Description

ATT:BUILDERS/RENOVATORS/INVESTORS-PRIMESHOREACRESOPPORTUNITY! Approved architectural plans for a custom two-storey home (approx.4,241sqftabovegrade) have been prepared and submitted to the City of Burlington. The existing structure is boarded and uninhabitable-this is a land-value sale ideal for redevelopment. The 75-ft lot backs and sides onto Breck on Park, offering privacy, mature trees, and a natural park-side backdrop rarely found in this area. Walk to the lake, parks, and top-rated schools. Buyer to conduct their own due diligence regarding all municipal requirements, permits, engineering, and feasibility of any proposed work. Seller and Brokerage make no representations or warranties regarding the status, validity, or transferability of any applications or approvals. (id:66096)

Property Details

MLS®: W13844800
Property Type: Single Family
Zoning: R2.1
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 6
Interior Size: 1,300 ft²
Lot Size: 75 × 125 ft (9,375 sq ft)
Frontage: 75 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $7,316/yr
Listed: 35 days ago

Rooms

Main level

Living room: 5.57 x 3.5 meters
Dining room: 3.1 x 2.9 meters
Kitchen: 4.8 x 2.4 meters
Bedroom: 3.5 x 4.14 meters
Bedroom 2: 3.01 x 2.8 meters
Bedroom 3: 2.77 x 3.01 meters

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

Features

Foundation: Block, Brick
Exterior: Stone, Vinyl siding
Lot Features: Wooded area

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Burlington (Shoreacres) listings, avg age

57d

Price / ft²

$1,077

List price

$1.40M

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 3-bed single family in Burlington (Shoreacres) has been listed for 35 days, which is 22 days fresher than the city average of 57. Act while there is still low competition.

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Listed by SUTTON GROUP-ADMIRAL REALTY INC. · MARIANNE RIZZO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L7L)

This home lists at $1,399,999, about 11.5× the local median household income of $122,000.

Carrying it typically needs a household income of about $273,469 (20% down, 25-yr amortization, stress-tested) — roughly 124% above the area median.

Median household income: $122,000
Population: 47,433
Median age: 42.4
Owner / renter: 84% / 16%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA L7L)

$1,399,999· $1,077/ft²

For sale

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Full Cost Breakdown

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Down Payment8.21% · $114,999.90

Min 8.21%50%

Mortgage payment$7,124/mo

↳ CMHC premium ($51,400 capitalized)

Property tax (est.)$610/mo

Total monthly$7,734

Cash Needed to Close

Down payment (8.21%)$115,000

Land transfer tax$24,475

Est. closing costs$6,700

Total cash needed$146,175

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