700 Dynes Road Unit 616, Burlington

Price: $485,000

1 bedrooms, 1 bathrooms

800 sq ft

Property Type: Condo

MLS#: W12518692

Beautifully maintained one-bedroom suite in central Burlington's Empress Condominium. This bright and spacious unit is ideally located in the heart of Burlington, just a short walk to the Burlington Centre, with easy access to shopping, dining, and many amenities. The L-shaped living room leads to a large private balcony - perfect for enjoying spectacular sunsets. The dining area is conveniently positioned off the eat-in kitchen, which features stainless steel appliances, granite countertops, and white shaker-style cabinetry. The generous bedroom includes a large double closet with mirrored doors. Updated four-piece bathroom. Convenient in-suite locker and laundry room with full-sized washer and dryer. This carpet-free suite has been freshly painted and is move-in ready. Includes one underground parking space. Residents enjoy 24-hour concierge service and an impressive range of amenities, including an outdoor pool, party room, library, fitness room, car wash bay, and ample visitor parking. Enjoy comfort, security and convenience in this well-managed condominium building.

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$485,000 - 700 Dynes Road Unit 616, Burlington

Condo for Sale in Burlington

32 days on market
1Beds
1Baths
800Sq Ft
Condo
Property Details
MLS Number
W12518692
Property Type
Condo
Status
active
Days on Site
32
Bedrooms
1
Bathrooms
1
Square Feet
800 sqft
Neighbourhood
Burlington
Locker
Ensuite
Exposure
North
Balcony
Open
Listing Brokerage
ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Description

Beautifully maintained one-bedroom suite in central Burlington's Empress Condominium. This bright and spacious unit is ideally located in the heart of Burlington, just a short walk to the Burlington Centre, with easy access to shopping, dining, and many amenities. The L-shaped living room leads to a large private balcony - perfect for enjoying spectacular sunsets. The dining area is conveniently positioned off the eat-in kitchen, which features stainless steel appliances, granite countertops, and white shaker-style cabinetry. The generous bedroom includes a large double closet with mirrored doors. Updated four-piece bathroom. Convenient in-suite locker and laundry room with full-sized washer and dryer. This carpet-free suite has been freshly painted and is move-in ready. Includes one underground parking space. Residents enjoy 24-hour concierge service and an impressive range of amenities, including an outdoor pool, party room, library, fitness room, car wash bay, and ample visitor parking. Enjoy comfort, security and convenience in this well-managed condominium building.

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Estimate your monthly payments for this property

Estimated Payment

$2,488.30/mo

Includes CMHC insurance ($13,532)

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5-yr fixed avg.

Principal: $436,500Interest: $296,459
Mortgage Amount$450,032
Total Interest$296,459
Est. Property Tax$344/mo
Total Cost$746,490

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

700 Dynes Road Unit 616, 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)
2.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$520
Property Tax (est.)-$344
Insurance (est.)-$101
Net Cash Flow+$835

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, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $606/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 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.

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.

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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