340 Plains Road Unit 202, Burlington

Price: $465,000

1 bedrooms, 1 bathrooms

700 sq ft

Property Type: Condo

MLS#: W12676536

Located in the heart of Central Aldershot, this stylish condominium offers the perfect blend of comfort and convenience. Situated in a new, well-maintained building, residents enjoy top-notch amenities including an exercise room, business center, party room, rooftop patio/garden, and ample visitor parking. The unit features an open-concept layout with tons of natural light, a modern kitchen complete with stainless steel appliances, generous storage, -ideal for everyday living and entertaining. The den is perfect for a home office, and the private balcony offers a great spot to unwind. Includes an owned underground parking space and owned storage locker. Just minutes to the Aldershot GO Station, major highways, RBG, downtown Burlington, shops, restaurants, parks, trails, and the lake. Also close to both Burlington and Hamilton hospitals, and McMaster University. In-suite laundry.

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$465,000 - 340 Plains Road Unit 202, Burlington

Condo for Sale in Burlington

32 days on market
1Beds
1Baths
700Sq Ft
Condo
Property Details
MLS Number
W12676536
Property Type
Condo
Status
active
Days on Site
32
Bedrooms
1
Bathrooms
1
Square Feet
700 sqft
Neighbourhood
Burlington
Locker
Owned
Exposure
South
Balcony
Open
Listing Brokerage
ROYAL LEPAGE STATE REALTY
Description

Located in the heart of Central Aldershot, this stylish condominium offers the perfect blend of comfort and convenience. Situated in a new, well-maintained building, residents enjoy top-notch amenities including an exercise room, business center, party room, rooftop patio/garden, and ample visitor parking. The unit features an open-concept layout with tons of natural light, a modern kitchen complete with stainless steel appliances, generous storage, -ideal for everyday living and entertaining. The den is perfect for a home office, and the private balcony offers a great spot to unwind. Includes an owned underground parking space and owned storage locker. Just minutes to the Aldershot GO Station, major highways, RBG, downtown Burlington, shops, restaurants, parks, trails, and the lake. Also close to both Burlington and Hamilton hospitals, and McMaster University. In-suite laundry.

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Estimate your monthly payments for this property

Estimated Payment

$2,385.69/mo

Includes CMHC insurance ($12,974)

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5-yr fixed avg.

Principal: $418,500Interest: $284,234
Mortgage Amount$431,474
Total Interest$284,234
Est. Property Tax$329/mo
Total Cost$715,707

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.

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Neighbourhood Guide: Burlington

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

M.M. Robinson High SchoolPublic High School
Nelson High SchoolPublic High School
Assumption Catholic Secondary SchoolCatholic High School
Corpus Christi Catholic Secondary SchoolCatholic High School

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.

70
Walk Score
Varies
Price Range

340 Plains Road Unit 202, Burlington

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
2.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$455
Property Tax (est.)-$329
Insurance (est.)-$97
Net Cash Flow+$919

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 Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $664/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 32 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 700 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.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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