$590,000 - 370 Martha Street Unit 511, Burlington
Condo for Sale in Burlington
32 days on market- MLS Number
- W12481348
- Property Type
- Condo
- Status
- active
- Days on Site
- 32
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 700 sqft
- Neighbourhood
- Burlington
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- THE CANADIAN HOME REALTY INC.
Discover luxury living at the brand-new Nautique Residences, nestled in the heart of Burlington's Downtown Waterfront. This exceptional 1-bedroom unit, one of the largest unit approximately 700 Sq. Ft., features 1.5 bathrooms (Ensuite & Powder rm) and offers a prime location with breathtaking views from the balcony. The unit includes the convenience of 1 locker and 1 parking spot. Experience elegant living with 9-foot ceilings and floor-to-ceiling windows that bathe the space in natural light. Seize this opportunity to live by the lake, just steps away from Spencer Smith Park, fine dining, cafes and a host of summer festivals! Nearby amenities include Burlington Centre, No Frills, Walmart, Central Park,GO Station, and the Public Library. The building offers outstanding amenities, including a dining room, bar and dining areas, an indoor/outdoor yoga studio, a fitness center, a 20th-floor sky lounge, fire pits, a swimming pool, a whirlpool, and an outdoor terrace. Taxes Not Assessed Yet.
Estimate your monthly payments for this property
Estimated Payment
$3,027.01/mo
Includes CMHC insurance ($16,461)
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 511, 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 25+ years of GTA real estate experience
Fair Market Value
At $843/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.
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.
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 $2,458 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.