$419,000

For sale

#118 5317 Upper Middle Road, Burlington (Orchard) - Single Family for Sale

#118 5317 Upper Middle Road, Burlington (Orchard), Ontario, L7L0G8

1 bed1 bath1 parking750 ft²$655/mo condo feeListed 86 days ago

Overview

This 1-bedroom, 1-bathroom condo in Burlington is for sale offering roughly 750 sq ft of space. Listed at $419,000, it is attractively priced about 30% below the $599,000 median asking price in Burlington.

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Description

Enjoy quiet, convenient condo living in the heart of Burlington's sought-after Orchard community. Located on the ground floor of a quiet four-storey building, this well-maintained one-bedroom plus den unit offers easy access to the lobby, underground parking and building amenities, no waiting for elevators with groceries! The functional layout features granite countertops, stainless steel appliances, laminate flooring, a spacious bedroom with walk-in closet and a private patio. Geothermal heating helps keep utility costs exceptionally low. Includes one underground parking space and a storage locker conveniently located on the same floor. Residents can also enjoy the rooftop terrace with putting green and escarpment views, along with the building's party room. Close to transit, parks, shopping, the QEW and Highway 407. An easy, low-maintenance option for a retiree, downsizer, first-time buyer or busy professional. (id:66096)

Property Details

MLS®: W13660050
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Geo Thermal
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $655/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,865/yr
Listed: 86 days ago

Rooms

Main level

Kitchen: 2.74 x 3.13 meters
Living room: 3.35 x 4.88 meters
Primary Bedroom: 2.74 x 3.66 meters
Bathroom
Den: 2.13 x 2.13 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Foundation: Poured Concrete
Exterior: Brick, Stucco
Lot Features: Elevator, Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

86d

Burlington (Orchard) listings, avg age

51d

Price / ft²

$559

List price

$419K

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 1-bed single family in Burlington (Orchard) 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 ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES · HEATHER O'SULLIVAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L7L)

This home lists at $419,000, about 3.4× the local median household income of $122,000.

Carrying it typically needs a household income of about $81,845 (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)

$419,000· $559/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,950

Min 5%50%

Mortgage payment$2,207/mo

↳ CMHC premium ($15,922 capitalized)

Property tax (est.)$239/mo

Condo fee$655/mo

Total monthly$3,101

Cash Needed to Close

Down payment (5%)$20,950

Land transfer tax$4,855

Est. closing costs$3,757

Total cash needed$29,562

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