$4,000/mo - 415 LOCUST Street Unit 602, Burlington
Condo for Rent in Burlington
141 days on market- MLS Number
- W12717024
- Property Type
- Condo
- Status
- active
- Days on Site
- 141
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Burlington
- Locker
- Exclusive
- Exposure
- South West
- Balcony
- None
- Listing Brokerage
- SUTTON GROUP - SUMMIT REALTY INC.
Spacious 2 Bedroom + Sunroom Luxury Condo Located Right In The Heart Of Downtown Burlington. Unobstructed Views Of Lake Ontario With A Premium Location Close to the Waterfront, Spencer Smith Park, Restaurants & Shopping. Fully Updated Open Concept Condo Renovated From Top To Bottom. Open Concept Living, Unobstructed Lake View, 4 Piece Ensuite Bath & 3 Piece Powder, Carpet Free, Pet Friendly Building. Freshly Painted In Neutral Tones. Bright Sunroom, In-Suite Laundry. Condo Amenities: (2) Parking Spaces, Rooftop Patio, Hobby Room, Exercise Gym, Sauna, Library/Party Room, Car Wash Station. Easy to show!
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.
415 LOCUST Street Unit 602, Burlington
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $4,000/mo, this is asking above the typical 3-bedroom rent of ~$3,500/mo in Burlington. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Negotiation Opportunity
At 141 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.