$1,699,999 - 2389 Lakeshore Road, Burlington
Detached for Sale in Burlington
Popular Listing- MLS Number
- W12957592
- Property Type
- Detached
- Status
- active
- Days on Site
- 12
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Burlington
- Listing Brokerage
- INTERCITY REALTY INC.
Welcome to 2389 Lakeshore Road property in Burlington, An exceptional opportunity to secure premium corner lot in one of the towns most established and prestigious neighborhood, surrounded by impressive multi million dollar custom homes. Set on a generous 66-foot-wide corner lot, this property offers outstanding potential for homeowners, builders and investors. Property will be sold with a ready permit with architectural drawings available for a stunning custom home offering over 4,000 Sq. Ft. above grade and about over 5,800 8q.ft of total living space including basement. This provides a valuable advantage for buyers who want to move forward with redevelopment without waiting the lengthy planning process. Currently on the lot is older duplex home with 2 kitchens, featuring 3 bedrooms, 2 washrooms and over 1,500 Sq. Ft. This home can be renovated and rented as an investment or held while planning a new build. Another key advantage is the ability to build quickly. Ideally located near top rated private and public schools, lakeshore road, parks, offering access to Burlington's waterfront lifestyle. Architectural drawings and floor plans are available for serious inquiries. This is a great opportunity to build a Luxury custom home in a prime Burlington Neighborhood. Everyone to more welcome to see this site from outside. This is an old house and will be demolished to construct a new house.
Estimate your monthly payments for this property
Estimated Payment
$7,519.67/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Burlington
Burlington is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Burlington
- •Convenient location in Burlington
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Burlington offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
2389 Lakeshore Road, Burlington
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1133/sqft, this property is priced in line with current Burlington market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Detached Home Advantages
Detached homes in Burlington are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Burlington Lifestyle
Burlington offers a balance of urban convenience and suburban tranquility. Growing families appreciate the newer schools and community feel. The GO Train provides reasonable Toronto access. Home values have appreciated steadily as families seek alternatives to Toronto's density and pricing.
Investment Perspective
Looking at this as an investment: Burlington properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,083 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.