$549,900 - 3290 New Street Unit 607, Burlington
Condo for Sale in Burlington
43 days on market- MLS Number
- W13095762
- Property Type
- Condo
- Status
- active
- Days on Site
- 43
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Burlington
- Locker
- Exclusive
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- KELLER WILLIAMS EDGE REALTY
Discover an exceptional opportunity to enjoy vibrant, carefree living at Maranatha Gardens - a welcoming 55+ adult community nestled in the heart of mature South Burlington. Designed with comfort, accessibility, and connection in mind, this community offers over 10,000 square feet of amenities tailored for an active and social lifestyle. Ideally located close to public transportation, churches, healthcare, grocery stores, bike paths, the hospital, Senior's Centre, Central Library, and the Performing Arts Centre, everything you need is right at your doorstep. This beautiful top-floor 1-bedroom plus den suite offers thoughtfully designed living with in-suite laundry, a convenient guest powder room, wide doorways, and wheelchair-accessible spaces throughout. Enjoy stunning sunset views from your private northwest-facing balcony, along with the comfort of individually controlled heating and cooling. Included with the unit is one underground parking space and a storage locker for added convenience. The community amenities truly set Maranatha Gardens apart - stay active in the fitness room, explore hobbies in the workshop, unwind with a good book or puzzle in the library, or enjoy a game of pool, shuffleboard, or darts in the games lounge. Entertain friends and family in the inviting main floor lounge with a beverage bar, or take advantage of the spacious party room with piano and outdoor patio space. Residents also enjoy the use of a beautiful 4th-floor terrace connecting the buildings, featuring BBQs and raised garden beds, perfect for warm-weather relaxation. Guest suites are available for overnight visitors, and the inclusive monthly fee covers property taxes, heating and cooling, water, building insurance, maintenance, snow removal, and parking - offering a truly hassle-free lifestyle. More than just a place to live, Maranatha Gardens is a friendly, connected community you'll be proud to call home.
Estimate your monthly payments for this property
Estimated Payment
$2,821.27/mo
Includes CMHC insurance ($15,342)
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 607, 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 $611/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.
Market Position
At 43 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 $2,291 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.