$599,900 - 3290 New Street Unit 309, Burlington
Condo for Sale in Burlington
141 days on market- MLS Number
- W12680494
- Property Type
- Condo
- Status
- active
- Days on Site
- 141
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Burlington
- Lot Size
- 440 sqft
- Locker
- Exclusive
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Welcome to "The Gardens by Maranatha", a fully wheelchair-accessible 55+ life lease community located in the heart of mature South Burlington. This thoughtfully designed 1 bedroom plus den residence spans approximately 985 sq. ft. and is situated on the 3rd floor, creating an ideal setting for comfortable, low-maintenance retirement living. The bright, open-concept layout features a spacious kitchen with stainless steel appliances, ample cabinetry, and lower cabinets equipped with convenient pull-out drawers for enhanced accessibility. The kitchen flows seamlessly into the dining and living areas. The living room connects to a private balcony. The primary bedroom includes a walk-in closet and a wheelchair-accessible bathroom complete with a roll-in shower and grab bars. A versatile den provides flexible space for a home office, or hobby room. Additional conveniences include an automatic unit door opener, wide doorways, and in-suite laundry with custom cabinetry, designed with accessibility in mind. Residents enjoy more than 10,000 sq. ft. of outstanding amenities, including a fitness room, woodworking workshop, library, games lounge, coffee shop, main floor lounge, party and meeting rooms, outdoor terraces, and a beautifully appointed 4th-floor rooftop terrace with BBQs and raised garden beds. Secure underground parking, storage lockers, and guest suites add further comfort and convenience. Ideally positioned steps from shopping, public transit, churches, parks, lakefront trails, the hospital, Senior's Centre, library, and downtown Burlington, this welcoming community blends connection with convenience.Monthly fees include heat, water, building insurance, maintenance, landscaping, snow removal, property taxes, phone, internet, and common elements, ensuring a truly carefree lifestyle. A warm, vibrant community designed for independent living - The Gardens by Maranatha is a place you'll be proud to call home.
Estimate your monthly payments for this property
Estimated Payment
$3,077.80/mo
Includes CMHC insurance ($16,737)
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.
3290 New Street Unit 309, 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
Competitive Pricing
At $667/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 141 days on site, this property has exceeded the typical selling timeline for Burlington. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 900 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $2,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.