$399,800

For sale

#508 1940 Ironstone Drive, Burlington (Uptown) - Single Family for Sale

#508 1940 Ironstone Drive, Burlington (Uptown), Ontario, L7L0E4

1 bed1 bath1 parking550 ft²$572/mo condo feeListed 142 days ago

Overview

This 1-bedroom, 1-bathroom condo in Burlington is for sale offering roughly 550 sq ft of space. Listed at $399,800, it is attractively priced about 23% below the $520,000 median asking price in Burlington.

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Description

Welcome to Unit 508 at The Ironstone. This bright and inviting 1-bedroom condominium offers stylish, low-maintenance living in one of Burlington's most desirable Uptown neighbourhoods. Featuring 9-foot ceilings, an open-concept layout, large windows that fill the space with natural light, a spacious bedroom, in-suite laundry, and a private balcony to enjoy your morning coffee or unwind at the end of the day. Enjoy the convenience of underground parking and exceptional building amenities, all within walking distance to shopping, restaurants, parks, and everyday conveniences. Ideally situated just minutes from Appleby GO Station, major highways, and Burlington's vibrant waterfront and downtown core. An exceptional opportunity to own in Burlington's desirable Uptown neighbourhood, offering the perfect blend of comfort, convenience, and carefree condominium living. (id:66096)

Property Details

MLS®: W13444364
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $572/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,802.17/yr
Listed: 142 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Exterior: Stucco
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

142d

Burlington (Uptown) listings, avg age

46d

Price / ft²

$728

List price

$400K

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 (Uptown) 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 GRACE CANADA REALTY INC. · MARYAM TOBIA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L7L)

This home lists at $399,800, about 3.3× the local median household income of $122,000.

Carrying it typically needs a household income of about $78,095 (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)

$399,800· $728/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,990

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,192 capitalized)

Property tax (est.)$234/mo

Condo fee$572/mo

Total monthly$2,911

Cash Needed to Close

Down payment (5%)$19,990

Land transfer tax$4,472

Est. closing costs$3,699

Total cash needed$28,161

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