$699,900 - 5475 Lakeshore Road Unit 54, Burlington
Condo for Sale in Burlington
141 days on market- MLS Number
- W12689086
- Property Type
- Condo
- Status
- active
- Days on Site
- 141
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Burlington
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Enjoy lakeside living in this beautifully located townhome at the Oakville-Burlington border, just steps from Burloak Waterfront Park. Surrounded by scenic walking and cycling trails along the lake, this fully updated and bright 3 bedroom, 2 bathroom home showcases tasteful finishes throughout and has been thoughtfully cared for. The main level is filled with natural light and features hardwood flooring, along with an updated 2-piece bath. From the dining area, sliding doors lead to a private, low-maintenance deck. The kitchen offers generous cabinetry and modern updated finishes. Upstairs you'll find the spacious primary bedroom complemented by two additional bedrooms and a renovated four-piece bathroom with ensuite privileges. The lower level is fully finished and features a large recreation space, along with convenient in-suite laundry and additional storage. Convenience is key with two underground parking spaces, visitor parking, and direct interior access from the garage. Residents also enjoy excellent amenities, including a saltwater outdoor pool, fitness centre, sauna, and party room. Ideally situated near schools, parks, trails, everyday conveniences, and major highways, this home truly has it all.
Estimate your monthly payments for this property
Estimated Payment
$3,590.85/mo
Includes CMHC insurance ($19,527)
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.
5475 Lakeshore Road Unit 54, 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 $700/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.
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.
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 $2,916 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.