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Grindstone, Burlington
$699,900
Opportunity awaits on this generous 204.99' x 250' rural lot in Burlington, surrounded by executive homes and offering excellent highway access. The existing 5-level backsplit is brick and siding and requires updating, presenting an opportunity for a renovation or potential redevelopment. The home features a separate dining room, a sunroom with a walkout to the yard, 3 nice sized bedrooms, One full and two 2-piece bathrooms including a 2-piece ensuite, plus a full basement with recreation room and workshop. Propane furnace, 2018. Attached garage with inside entry and driveway parking for up to 6 vehicles. Cistern and septic systems. Sump pump with battery backup 2024. Enjoy a country setting with convenient access to Clappison Woods Nature Reserve, Eileen John Holland Nature Sanctuary, Hidden Valley Park and the Royal Botanical Gardens. Amazing hiking opportunities on the Bruce Trail, including Bruce Trail access to Borer's Falls It is also close to amenities in Waterdown and Burlington. The best of both worlds. A property with plenty of possibilities for buyers with vision.
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| Type | Detached |
| Style | Backsplit 5 |
| Approx. Age | 51-99 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $5,123 |
| Lot Size | 204.99 ft x 250 ft |
| mls© Number | W13835542 |
| Listed By | ROYAL LEPAGE STATE REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,582
- Property tax
- $427
- Heat allowance
- $150
- Housing costs
- $4,159 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$128,000
gross annual household income
- Payment at 4%
- $2,945 / mo
- Cash down
- $139,980
Assumes no other monthly debts · 25-yr amortization
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