$539,000

For sale

485 Timber Lane, Burlington (Appleby) - Single Family for Sale

485 Timber Lane, Burlington (Appleby), Ontario, L7L4B1

3 beds2 baths1 parking1,100 ft²$668/mo condo feeListed 72 days ago

Overview

This 3-bedroom, 2-bathroom condo in Burlington is for sale offering roughly 1,100 sq ft of space. Listed at $539,000, it is attractively priced about 17% below the $649,900 median asking price in Burlington.

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Description

Welcome to 485 Timber Lane, a bright and thoughtfully designed condo townhouse offering space, flexibility, and easy everyday living.This 2+1 bedroom, 2-bathroom home features an open-concept main living space with pot lights, creating a warm and inviting setting for both relaxing and entertaining. Step outside to your large private patio, offering valuable outdoor space for morning coffee, summer dinners, or simply enjoying some fresh air.The large basement adds even more versatility and can be tailored to whatever your lifestyle needs - a spacious recreation room, home office, guest space, gym, or even an additional bedroom.With parking, generous living space, two full bathrooms, and a layout that can adapt as your needs change, this is a home that gives you more than just the basics. *Some Photos Virtually Staged* (id:66096)

Property Details

MLS®: W13715952
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,100 ft²
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $668/mo
Fee Includes: Common Area Maintenance, Cable TV, Water
Ownership: Condo/Strata
Property Tax: $2,670.2/yr

Rooms

Main level

Living room: 7.31 x 3.65 meters
Dining room: 3.65 x 7.31 meters
Kitchen: 3.65 x 3.35 meters

Second level

Primary Bedroom: 4.26 x 3.78 meters
Bedroom 2: 3.35 x 3.17 meters

Lower level

Recreational, Games room: 7.31 x 3.65 meters

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

Features

Appliances: Refrigerator, Dishwasher, Stove, Microwave, Window Coverings
Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

72d

Burlington (Appleby) listings, avg age

41d

Price / ft²

$490

List price

$539K

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 (Appleby) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RE/MAX PREMIER INC. · NATALIE BELLICOSO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L7L)

This home lists at $539,000, about 4.4× the local median household income of $122,000.

Carrying it typically needs a household income of about $105,286 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$539,000· $490/ft²

For sale

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Full Cost Breakdown

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Down Payment5.36% · $28,900

Min 5.36%50%

Mortgage payment$2,828/mo

↳ CMHC premium ($20,404 capitalized)

Property tax (est.)$223/mo

Condo fee$668/mo

Total monthly$3,719

Cash Needed to Close

Down payment (5.36%)$28,900

Land transfer tax$7,255

Est. closing costs$4,117

Total cash needed$40,272

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