$699,000 - 370 Martha Street Unit 502, Burlington
Condo for Sale in Burlington
New — Listed yesterday- MLS Number
- W13412328
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Burlington
- Locker
- Exclusive
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Welcome to Unit 502 at 370 Martha Street, located in the prestigious Nautique Lakefront Residences. Perfectly positioned in the heart of downtown Burlington, this striking corner suite offers an exceptional blend of modern design and waterfront living. This beautifully appointed residence features 749 sq. ft. of thoughtfully designed interior space plus a 44 sq. ft. private balcony. Expansive floor-to-ceiling windows capture breathtaking northeast escarpment views along with southeast vistas of Lake Ontario, filling the suite with natural light. Soaring 9-foot ceilings and sleek contemporary finishes enhance the open-concept kitchen, dining, and living areas, creating a refined yet comfortable space ideal for entertaining or everyday living. The well-designed 2-bedroom, 2-bathroom layout offers excellent functionality. The spacious primary bedroom includes a large closet and a luxurious 4-piece ensuite. A generously sized second bedroom, a full main bath, and convenient in-suite laundry complete the interior. This unit also includes one underground parking space and a dedicated storage locker. Residents enjoy access to Nautique's impressive 6th-floor amenities, including an outdoor pool, fire pit lounge, alfresco dining areas, indoor/outdoor bar, yoga studio, and fully equipped fitness Centre. Just steps from the waterfront, Spencer Smith Park, boutique shopping, and Burlington's finest restaurants, this is urban lakefront living at its finest.
Estimate your monthly payments for this property
Estimated Payment
$3,586.23/mo
Includes CMHC insurance ($19,502)
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.
370 Martha Street Unit 502, Burlington
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Rental income estimator & ROI calculator
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 $874/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Burlington's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 800 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 $2,913 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.