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New1 day ago

418 Fairlawn Crescent

Shoreacres, Burlington

$1,385,000

Detached|Sidesplit 4
3 | 3 | 5
About this home

Located in south Burlington's highly sought-after Shoreacres neighborhood, this area is known for its mature, tree-lined streets and tranquility. Step into a beautifully appointed home offering over 2,000 square feet of total living space. The inviting living room is highlighted by bay windows and a cozy wood-burning fireplace flanked by custom built-in shelves. Flowing seamlessly into the dining area, sliding glass doors offer a convenient walkout to the backyard. The heart of the home is the modernized kitchen, showcasing custom two-toned extended cabinetry, granite countertops, and a peninsula island with extensive drawer storage. It comes fully equipped with stainless steel appliances. Upstairs, the rare extra large primary bedroom serves as a peaceful retreat, bathed in natural light from a skylight and picture windows. It features dual closets with built-in drawers, alongside a private 3-piece ensuite. Two additional well-appointed bedrooms with hardwood floors provide ample space, accompanied by a 5-piece main bathroom featuring a step-up soaking tub and a second skylight. The lower levels offer exceptional bonus space. This includes a ground-floor family room, a dedicated laundry room, a change room, and direct entry from the garage. The large finished basement recreation room offers endless possibilities for relaxation and play. Extensive property upgrades include the roof, windows, doors, kitchen ceramics, all bathrooms, lighting, a front porch, a backyard patio, fencing, landscaping, and a functional shed converted into a pool bar with hydro. The hot tub with underground wiring perfectly complements the pool, creating an amazing backyard oasis for family gatherings. This family-friendly community beautifully blends suburban charm with excellent accessibility. Residents enjoy close proximity to the Lake Ontario waterfront, top-rated local schools, and convenient commuting options like the nearby Appleby GO Station.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleSidesplit 4
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,188
Lot Size50 ft x 114 ft
mls© NumberW13836022
Listed ByRE/MAX Aboutowne Realty Corp., Brokerage

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%
$7,089
Property tax
$599
Heat allowance
$150
Housing costs
$7,838 / mo

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

Down payment20% · $277,000
25-yr amortization

Income needed

$241,000

gross annual household income

Payment at 4%
$5,828 / mo
Cash down
$277,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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