$1,275,000

$1,359,500For salePrice drop↓ $84,500 (6%)

#203 5340 LAKESHORE Road, Burlington - Single Family for Sale

#203 5340 LAKESHORE Road, Burlington, Ontario, L7L7A8

2 beds2 baths1 parking1,040 ft²$1,046/mo condo feeListed 35 days ago

Overview

This 2-bedroom, 2-bathroom condo in Burlington is for sale offering roughly 1,040 sq ft of space. It has been on the market 35 days, fresher than the Burlington average of 58 days.

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Description

Imagine waking up each morning listening to the sound of waves of Lake Ontario just beyond your window. Welcome to Suite 203 at 5340 Lakeshore Road, a beautifully finished one-bedroom, two-bathroom residence offering an exceptional waterfront lifestyle. Here, the lake is not simply a view, it is the backdrop to everyday living. Step from your living room onto the expansive private terrace and enjoy an extraordinary view and connection to the water, with manicured grounds and the shoreline seemingly right at your doorstep. Inside, sophisticated finishes, thoughtful proportions and abundant natural light create an elegant and inviting retreat. The bedroom and den capture the beauty of the lake through the generous windows. The two-bathroom layout provides exceptional comfort and convenience. Set within a high-end building directly on Lake Ontario, residents enjoy the added convenience of underground parking and an on-site guest suite. For those who appreciate refined surroundings, waterfront serenity and the ease of condominium living, this is a rare opportunity to experience Burlington from an extraordinary vantage point. (id:66096)

Property Details

MLS®: 40867542
Property Type: Single Family
Zoning: R1
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,040 ft²
Frontage: 219 ft
Year Built: 2003
Storeys: 1
Style: Other
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, None
Waterfront

Rooms

Main level

Utility room: 4'11'' x 5'1''
Foyer: 5'1'' x 11'4''
4pc Bathroom: 6'9'' x 11'2''
Primary Bedroom: 18'0'' x 11'2''
Den: 13'5'' x 10'5''
Kitchen: 11'8'' x 10'5''
Living room: 13'5'' x 11'7''
Dining room: 8'7'' x 11'7''
2pc Bathroom: 5'9'' x 5'1''

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

Features

Appliances: Washer, Dishwasher, Stove, Dryer
Exterior: Concrete
Lot Features: Southern exposure, Balcony

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Burlington listings, avg age

58d

Price / ft²

$1,226

List price

$1.27M

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 35 days, which is 23 days fresher than the city average of 58. Act while there is still low competition.

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Listed by RE/MAX Escarpment Golfi Realty Inc. · Rob Golfi

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L7L)

This home lists at $1,275,000, about 10.5× the local median household income of $122,000.

Carrying it typically needs a household income of about $249,052 (20% down, 25-yr amortization, stress-tested) — roughly 104% 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)

$1,275,000· $1,226/ft²

For sale

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Full Cost Breakdown

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Down Payment8.04% · $102,500.00

Min 8.04%50%

Mortgage payment$6,501/mo

↳ CMHC premium ($46,900 capitalized)

Property tax (est.)$459/mo

Condo fee$1,046/mo

Total monthly$8,006

Cash Needed to Close

Down payment (8.04%)$102,500

Land transfer tax$21,975

Est. closing costs$6,325

Total cash needed$130,800

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