$415,900

For sale

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#403 1940 Ironstone Drive, Burlington (Uptown) - Single Family for Sale

#403 1940 Ironstone Drive, Burlington (Uptown), Ontario, L7L0E4

2 beds2 baths2 parking ft²

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Investment analysis

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$415,900

Burlington

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Overview

This 2-bedroom, 2-bathroom condo in Burlington is for sale offering roughly 650 sq ft of space. Listed at $415,900, it is attractively priced about 24% below the $549,000 median asking price in Burlington. It has been on the market 40 days, fresher than the Burlington average of 47 days.

Condos for Sale in Burlington →All real estate in Burlington →

Description

Two parking spaces and a locker in a full-amenity Burlington condo. That combination is harder to find than you think.Unit 403 at Ironstone Condominiums offers 665 square feet of 1+1 bedroom, 1.5 bath living space with a layout that works. The building brings 24-hour concierge, gym, party room, media room, and a rooftop terrace with BBQs and outdoor kitchen. Geothermal and solar technology means sustainable living without the premium utility bills.Steps to shopping, dining, and transit. Quick access to Appleby GO and the 403, 407, and QEW corridor. Note: Dogs friendly building. (id:66096)

Property Details

MLS®: W13828924
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 2
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $701/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,944/yr
Listed: 40 days ago

Rooms

Flat

Living room: 3.19 x 2.76 meters
Kitchen: 2.91 x 2.45 meters
Dining room: 3.4 x 1.35 meters
Bedroom: 5.42 x 3.02 meters
Den: 3.76 x 2.65 meters
Bathroom: 2.37 x 1.57 meters
Bathroom: 1.68 x 1.33 meters
Laundry room: 1.68 x 1.01 meters

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

Market Timing

Days on market

40d

Burlington (Uptown) listings, avg age

47d

Price / ft²

$640

List price

$416K

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.

Area context

Neighbourhood profile (L7L)

This home lists at $415,900, about 3.4× the local median household income of $122,000.

Carrying it typically needs a household income of about $81,240 (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)

$415,900· $640/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,795

Min 5%50%

Mortgage payment$2,191/mo

↳ CMHC premium ($15,804 capitalized)

Property tax (est.)$245/mo

Condo fee$701/mo

Total monthly$3,137

Cash Needed to Close

Down payment (5%)$20,795

Land transfer tax$4,793

Est. closing costs$3,748

Total cash needed$29,336

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#403 1940 Ironstone Drive, Burlington (Uptown) - Single Family for Sale

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Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (L7L)

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