4447 Spruce Avenue
Shoreacres, Burlington
$1,399,999
ATT:BUILDERS/RENOVATORS/INVESTORS-PRIMESHOREACRESOPPORTUNITY! Approved architectural plans for a custom two-storey home (approx.4,241sqftabovegrade) have been prepared and submitted to the City of Burlington. The existing structure is boarded and uninhabitable-this is a land-value sale ideal for redevelopment. The 75-ft lot backs and sides onto Breck on Park, offering privacy, mature trees, and a natural park-side backdrop rarely found in this area. Walk to the lake, parks, and top-rated schools. Buyer to conduct their own due diligence regarding all municipal requirements, permits, engineering, and feasibility of any proposed work. Seller and Brokerage make no representations or warranties regarding the status, validity, or transferability of any applications or approvals.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $7,316 |
| Lot Size | 75 ft x 125 ft |
| mls© Number | W13844800 |
| Listed By | SUTTON GROUP-ADMIRAL REALTY INC. |
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%
- $7,166
- Property tax
- $610
- Heat allowance
- $150
- Housing costs
- $7,925 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$244,000
gross annual household income
- Payment at 4%
- $5,891 / mo
- Cash down
- $280,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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