$1,229,000 - 602 Clare Place, Burlington
Detached for Sale in Burlington
New — Listed 6 days ago- MLS Number
- W12933994
- Property Type
- Detached
- Status
- active
- Days on Site
- 6
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Burlington
- Listing Brokerage
- KINGSWAY REAL ESTATE
Income potential. Backyard goals. Family-friendly Shoreacres living. Welcome to 602 Clare Place - a rare opportunity in one of Burlington's most sought-after neighbourhoods. Nestled on a quiet, family-friendly street, this updated bungalow offers the perfect blend of lifestyle, flexibility, and long-term value.The main level features a bright, functional layout with 3 spacious bedrooms, open living and dining areas, and an updated kitchen designed for everyday living and entertaining. Downstairs, a fully finished basement with a separate entrance offers incredible versatility - ideal for extended family, guests, or generating additional income. Step outside to your private backyard retreat, complete with a pool and space to unwind, host, and enjoy summer to the fullest. A bonus converted garage provides additional living space - perfect for a home office, gym, or playroom, with the option to convert back if desired. Located minutes from top-rated schools, parks, shopping, and the lake, this is your chance to own in prestigious Shoreacres. Dont miss your opportunity to own a home that offers both lifestyle and financial flexibility.
Estimate your monthly payments for this property
Estimated Payment
$5,436.28/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.
602 Clare Place, 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 $1117/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.
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.
Detached Home Advantages
Detached homes in Burlington are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Burlington. Good resale value as demand remains consistent.
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 $5,121 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.