$584,900 - 500 Brock Avenue Unit 705, Burlington
Condo for Sale in Burlington
- MLS Number
- W12891838
- Property Type
- Condo
- Status
- active
- Days on Site
- 30
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 800 sqft
- Neighbourhood
- Burlington
- Locker
- Exclusive
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- Real Broker Ontario Ltd.
Experience modern urban living in this 1 Bedroom + Den "Brilliance Model" suite at Illumina Condos, offering 850 sq. ft. of bright, open-concept space. Floor-to-ceiling windows flood the home with natural light, highlighting a designer kitchen equipped with premium Fisher & Paykel appliances, a quartz waterfall island, and abundant cabinetry and counter space. The versatile den is perfect for a home office or dining area. The spacious primary bedroom features a custom built-in closet and direct access to a 4-piece bathroom. Enjoy the convenience of underground parking and a private locker, along with premium building amenities including 24-hour concierge and security, a state-of-the-art fitness centre, bike storage, BBQ area, and a stylish party room. The 22nd-floor party room with rooftop terrace offers stunning lake views, ideal for entertaining or relaxing. Located just steps from the lake, shops, cafés, restaurants, the Art Gallery of Burlington, and the Performing Arts Centre, with a pharmacy and medical clinic at the building's base and quick access to the GO Station and highways, this suite delivers the perfect combination of comfort, style, and convenience.
Estimate your monthly payments for this property
Estimated Payment
$3,000.84/mo
Includes CMHC insurance ($16,319)
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 705, 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 $731/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 30 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 800 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 $2,437 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.