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Shoreacres, Burlington
$1,469,000
Let's start with what you can't change later: location, the south side of Belvenia Road and Tuck Public School and Nelson High School District, Lake Ontario (Paletta Park) and Lakeshore Road close enough to become part of your routine walks, Parks, shops and everyday errands all nearby. That part is done, and it's the hardest part to find. Now the house. The home would benefit from some updating and offers huge potential and options. 5 bedrooms, 3 baths and generous square footage on a 60' x 130' lot lined with mature trees. The main floor has a living room with hardwood, a fireplace and big windows, a separate dining room, a wood-cabinet kitchen with plenty of counter space and a walkout to the yard, plus a main-floor bath. Upstairs are three bedrooms and a full bath. The lower level is already finished with a rec room, a second fireplace, built-ins and extra storage. Then there's the bonus: a separate suite area, currently unfinished but already laid out for a kitchen, living room, bathroom and two bedrooms. The front main-floor room could become that second bedroom, an office or a bigger kitchen. Think in-laws, adult kids home for a while, or rental income. The other option is to convert back to one home which is extremely easy to do. Out back you get a deep lawn, a patio, a storage shed and real privacy with sunsets. Finish it your way, on your own timeline, and you'll have a big family home on one of South Burlington's best streets, in one of its best school districts, for years to come.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $6,510 |
| Lot Size | 60.9 ft x 130 ft |
| mls© Number | W13883838 |
| Listed By | ROYAL LEPAGE REALTY PLUS OAKVILLE |
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%
- $7,519
- Property tax
- $542
- Heat allowance
- $150
- Housing costs
- $8,211 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$253,000
gross annual household income
- Payment at 4%
- $6,182 / mo
- Cash down
- $293,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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