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Listed 13 days ago

274 Belvenia Road

Shoreacres, Burlington

$1,599,999

Detached|2-Storey
5 | 3 | 3
About this home

A rare find on the south side of prestigious Belvenia Rd, this charming 5-bed, 3-bath home offers an opportunity in one of South Burlington's most established neighbourhoods. Set on a 60'x130' lot surrounded by mature trees, the property offers a spacious backyard and flexibility for family or multi-gen living. Located mins to Tuck School, Nelson HS, parks, the lake & all amenities. Inside a welcoming foyer introduces the home's comfortable, functional layout. The living room features hardwd flooring, a fireplace & large windows, creating an inviting space to relax. The separate dining room offers a lovely setting for family meals & entertaining, while the kitchen features wood cabinetry, ample counter & storage space, and a walkout to the backyard. A convenient main-floor bath completes this level. Upstairs, the home offers 3 well-proportioned bedrooms & a full bath, providing comfortable space for family, guests or a home office. The finished lower lvl adds valuable living space with a rec room, f/p, built-ins and add storage, offering plenty of flexibility for a games room or casual entertaining. Adding to the home's versatility is a separate suite area with in-law or potential rental possibilities. Currently unfinished, the space provides an opportunity for the next owner to complete it to their own taste and needs, with areas designated for a kitchen, living room, bathroom and 2 bedrms. The front main floor rm could be configured as the 2nd bedrm, office, or larger kitchen/dining area, creating the potential for a 2-bedroom separate suite. Outside, enjoy the depth and privacy of the 60'x130' property, with an expansive lawn, mature trees, patio space & a storage shed. With its coveted South Belvenia setting, proximity to Lakeshore Rd & Lake Ont., and flexible living options, this is a unique opportunity to create a home that works for your lifestyle. The above grade sq ft includes the partially finished incomplete reno on the North Wing(Separate suite 832 SQFT)

Extras

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$6,510
Lot Size60.9 ft x 130 ft
mls© NumberW13689532
Listed ByROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,087
Property tax
$542
Heat allowance
$150
Housing costs
$8,780 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment21% · $336,000
25-yr amortization

Income needed

$270,000

gross annual household income

Payment at 4%
$6,649 / mo
Cash down
$336,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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