$1,599,000 - 4131 Lorraine Crescent, Burlington
Single Family Home for Sale in Burlington
32 days on market- MLS Number
- W12331254
- Property Type
- Single Family Home
- Status
- active
- Days on Site
- 32
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 2,000 sqft
- Neighbourhood
- Burlington
- Lot Size
- 6,781 sqft
- Listing Brokerage
- THE REAL ESTATE BOUTIQUE BROKERAGE, INC.
Welcome to Shoreacres, one of Burlington's most sought-after neighbourhoods near the lake and vibrant downtown. This beautifully updated family home delivers space, warmth, and lifestyle with over 3,200 sq ft of finished living. Multiple living areas flow from a sunlit living room with fireplace to a formal dining space, a crisp white kitchen with stainless appliances, and a cozy family room with walkout to a deck. Upper levels offer four spacious bedrooms, while the bright lower level features a second double-sided fireplace, full bath, rec room, games room and/or guest bedroom perfect for in-laws or teens. The oversized laundry/mudroom with outdoor access adds everyday ease. But the real showstopper? A backyard oasis with pool, patio, and raised deck, ideal for entertaining or relaxing. Mature trees, lush gardens, and total privacy make this space unforgettable. Walk to top schools, parks, lakefront trails and more. This is more than a house. It's the one your family's been waiting for!
Estimate your monthly payments for this property
Estimated Payment
$7,072.92/mo
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.
4131 Lorraine Crescent, 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 25+ years of GTA real estate experience
Competitive Pricing
At $800/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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Burlington.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $6,663 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.