$999,990 - 399 Elizabeth Street Unit 512, Burlington
Condo for Sale in Burlington
108 days on market- MLS Number
- W12834582
- Property Type
- Condo
- Status
- active
- Days on Site
- 108
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Burlington
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Experience upscale urban living at its finest in this executive-style corner suite located in one of downtown Burlington's most iconic condominium residences. Perfectly positioned directly across from Lake Ontario, this exceptional property offers an unparalleled walkable lifestyle just steps tothe waterfront, Burlington Pier, seasonal festivals, award-winning restaurants, boutique shopping, Spencer Smith Park, and all downtown amenities. Spanning approximately 1,445 sq. ft., this spacious and beautifully appointed unit captures stunning east, south, and west views, filling the home with natural light throughout the day. Thoughtfully designed for both comfort and elegance, the layout features two balconies, ideal for enjoying morning coffee at sunrise or unwinding at sunset with spectacular lake vistas. The open concept kitchen and living area creates a warm and inviting space for entertaining, complemented by an additional den/office area that was opened to enhance flow and maximize living space. A formal dining room framed by windows overlooks the Burlington Pier, offering a breathtaking backdrop for gatherings. This 2-bedroom,2-full-bath suite showcases classic crown mouldings, hardwood floors, and quality finishes throughout. The primary suite offers a serene retreat with generous closet space and an elegant ensuite. With its prime location, spacious layout, and timeless design, this exceptional residence combines sophisticated condominium living with the best of Burlington's vibrant waterfront community. A rare opportunity not to be missed. 1Parking Space and 1 Locker included.
Estimate your monthly payments for this property
Estimated Payment
$5,130.47/mo
Includes CMHC insurance ($27,900)
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.
399 Elizabeth Street Unit 512, 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 $714/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 108 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.
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 $4,167 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.