500 Plains Road Unit 318, Burlington

Price: $389,990

1 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: W13165400

Brand new move in ready 1 bedroom, 1 bath condo with parking and locker included, featuring a beautiful 46 sq. ft. balcony and barrier free entrance. This carpet free suite offers laminate flooring, designer cabinetry, quartz counters, and stainless steel appliances. Live at Northshore in one of Burlington's most prestigious and established neighbourhoods, next to Burlington Golf and Country Club and just minutes from the lake. Enjoy quick access to the GO Train, QEW, and Hwy 403. Experience luxury condo living with access to premium building amenities, including a fitness centre, yoga studio, co working lounge, boardroom, party room, chef's kitchen, and a rooftop patio with breathtaking views of the lake and escarpment. Northshore is also pet friendly, with a convenient dog washing station located at the street entrance.Take advantage of the new home HST rebate, available not only to first time home buyers but to all buyers. Speak to a sales representative for further details. Maintenance fees are approximately $421.31(including internet, leak detection and smart community)+ $69.95 for parking and $19.95 for locker.

500 Plains Road Unit 318 - Condo photo 1 of 16 in Burlington, Ontario
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New Listing
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$389,990 - 500 Plains Road Unit 318, Burlington

Condo for Sale in Burlington

New — Listed 2 days ago
1Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
W13165400
Property Type
Condo
Status
active
Days on Site
2
Bedrooms
1
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Burlington
Locker
Owned
Exposure
East
Balcony
Open
Listing Brokerage
BAKER REAL ESTATE INCORPORATED
Description

Brand new move in ready 1 bedroom, 1 bath condo with parking and locker included, featuring a beautiful 46 sq. ft. balcony and barrier free entrance. This carpet free suite offers laminate flooring, designer cabinetry, quartz counters, and stainless steel appliances. Live at Northshore in one of Burlington's most prestigious and established neighbourhoods, next to Burlington Golf and Country Club and just minutes from the lake. Enjoy quick access to the GO Train, QEW, and Hwy 403. Experience luxury condo living with access to premium building amenities, including a fitness centre, yoga studio, co working lounge, boardroom, party room, chef's kitchen, and a rooftop patio with breathtaking views of the lake and escarpment. Northshore is also pet friendly, with a convenient dog washing station located at the street entrance.Take advantage of the new home HST rebate, available not only to first time home buyers but to all buyers. Speak to a sales representative for further details. Maintenance fees are approximately $421.31(including internet, leak detection and smart community)+ $69.95 for parking and $19.95 for locker.

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Estimate your monthly payments for this property

Estimated Payment

$2,000.85/mo

Includes CMHC insurance ($10,881)

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5-yr fixed avg.

Principal: $350,991Interest: $238,384
Mortgage Amount$361,872
Total Interest$238,384
Est. Property Tax$276/mo
Total Cost$600,255

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.

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Neighbourhood Guide: Burlington

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

M.M. Robinson High SchoolPublic High School
Nelson High SchoolPublic High School
Assumption Catholic Secondary SchoolCatholic High School
Corpus Christi Catholic Secondary SchoolCatholic High School

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.

70
Walk Score
Varies
Price Range

500 Plains Road Unit 318, Burlington

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
3.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$325
Property Tax (est.)-$276
Insurance (est.)-$81
Net Cash Flow+$1,118

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $780/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Burlington's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 500 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.

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.

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