$1,149,000 - 500 Brock Avenue Unit 2003, Burlington
Condo for Sale in Burlington
32 days on market- MLS Number
- W12727752
- Property Type
- Condo
- Status
- active
- Days on Site
- 32
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Burlington
- Locker
- Owned
- Exposure
- South East
- Balcony
- Enclosed
- Listing Brokerage
- RE/MAX PREMIER INC.
PENTHOUSE Condo 2 Bed, 2 Bath with Parking & Locker. Welcome to this luxurious upgraded Penthouse Condo in theIllumina Condo, Downtown Burlington. Modern finishings - floor-to-ceiling windows in all the rooms allow for incredible natural lightthroughout and spectacular views of the lake. The finishes throughout make this unit cozy yet very high-end. Functional, modern kitchen withFisher Paykel appliances, loads of counter space, storage and waterfall island. The open concept layout in the main living space is very invitingand perfect for entertaining. The primary bedroom has its own Dressing room and 4 pc Bathroom, the second large bedroom has built incloset and 4 pc bathroom. With easy access to all the beautiful amenities and community that Downtown Burlington has to offer, shopping,coffee shops, restaurants, lake views, walk on the pier, art gallery, performance arts centre etc. Conveniently situated close to the GO trainstation and highway access, this penthouse unit offers both luxury living and practical convenience. ** See Virtual Tour **
Estimate your monthly payments for this property
Estimated Payment
$5,082.41/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.
500 Brock Avenue Unit 2003, 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
Fair Market Value
At $958/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.
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 $4,788 (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.