$550,000

For sale

#607 5280 Lakeshore Road, Burlington (Appleby) - Single Family for Sale

#607 5280 Lakeshore Road, Burlington (Appleby), Ontario, L7L5R1

1 bed1 bath1 parking1,100 ft²$862/mo condo feeListed 33 days ago

Overview

This 1-bedroom, 1-bathroom condo in Burlington is for sale offering roughly 1,100 sq ft of space. Listed at $550,000, it is attractively priced about 15% below the $649,900 median asking price in Burlington. It has been on the market 33 days, fresher than the Burlington average of 40 days.

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Description

Stunning Lakefront Living with Breathtaking Views. Highly-coveted Royal Vista. Spacious, Open concept 1-bedroom, 1-bathroom. Sun-drenched living area featuring a classic floor-to-ceiling windows that frame unobstructed, panoramic views of Lake Ontario. The updated kitchen features sleek granite countertops. The master bedroom features more bright windows. An Outdoor pool overlooks Lake Ontario. Other resort-style amenities include: tennis courts, a fitness center, and a lush lakeside patio ideal for summer entertaining. Perfectly situated near scenic trails and local boutiques and dining, this condo represents a premier opportunity for the discerning buyer seeking a high-end lifestyle in a sought-after waterfront community. Experience the serenity of lakefront living without compromise-your window to the water awaits. Locker available to rent at extra cost. *No Pet Building*. (id:66096)

Property Details

MLS®: W13853848
Property Type: Single Family
Zoning: RES
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground, Inside Entry
Waterfront: Yes
Condo Fee: $862/mo
Fee Includes: Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,507.45/yr

Rooms

Main level

Living room: 6.09 x 5.58 meters
Dining room: 3.65 x 3.04 meters
Kitchen: 3.22 x 2.43 meters
Primary Bedroom: 4.49 x 3.14 meters
Bathroom: 1.77 x 2.43 meters
Laundry room: 1.77 x 2.84 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, Window Coverings
Exterior: Stucco
Lot Features: Sauna

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

33d

Burlington (Appleby) listings, avg age

40d

Price / ft²

$500

List price

$550K

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 (Appleby) has been listed for 33 days, which is 7 days fresher than the city average of 40. Act while there is still low competition.

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Listed by RE/MAX EXCEL REALTY LTD. · JOHN KIM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L7L)

This home lists at $550,000, about 4.5× the local median household income of $122,000.

Carrying it typically needs a household income of about $107,434 (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)

$550,000· $500/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $30,000

Min 5.45%50%

Mortgage payment$2,883/mo

↳ CMHC premium ($20,800 capitalized)

Property tax (est.)$292/mo

Condo fee$862/mo

Total monthly$4,037

Cash Needed to Close

Down payment (5.45%)$30,000

Land transfer tax$7,475

Est. closing costs$4,150

Total cash needed$41,625

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