$649,000 - 5280 Lakeshore Road Unit 1102, Burlington
Condo for Sale in Burlington
Neighbourhood: Appleby
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- MLS Number
- W13736350
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Burlington
- Locker
- None
- Exposure
- South West
- Balcony
- None
- Listing Brokerage
- MARTIN GROUP
Welcome to a serene lakeside lifestyle at Royal Vista, an exclusive waterfront community in Burlington's tranquil Elizabeth Gardens. Perfect for those looking to downsize without compromising on space or luxury, this exceptionally maintained 1,300-square-foot, single-level condominium offers the perfect balance of comfort and elegance. Imagine waking up to the gentle sound of waves and taking your morning coffee in the sunroom, which offers views of Lake Ontario and the Escarpment to the West. This thoughtfully designed two-bedroom, two-bathroom suite features a generous, open-concept living area and a formal dining room, ensuring you still have plenty of space to host family dinners and entertain friends. The spacious bedrooms provide a restful retreat, while large windows bathe the entire home in natural light and lake views. Living at 5280 Lakeshore Road means embracing a resort-like lifestyle every single day. Residents of this impeccably managed building enjoy exclusive access to premium amenities, outdoor pool, tennis court, fully equipped gym, workshop for your hobbies, party room, and car wash. Best of all, step right out of the building to access beautiful waterfront walking trails for leisurely afternoon strolls along the shoreline. Nestled in the charming Elizabeth Gardens neighbourhood, this peaceful haven offers the quiet residential feel you desire, with unmatched convenience. You are just a short drive or bike ride from the vibrant shops, unique restaurants, and seasonal festivals in Bronte Village and downtown Burlington. Everyday errands are a breeze with grocery stores, cafes, and essential services located just minutes away. Appleby GO Station and easy access to the QEW make getting around completely stress-free. Trade the burden of yard work for the tranquility of lakefront lifestyle in one of Burlington's best buildings. Property Management is on site and please note this is a NO pet building. Locker Rentals $50/month, extra parking $55/month.
Estimate your monthly payments for this property
Estimated Payment
$3,329.71/mo
Includes CMHC insurance ($18,107)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Appleby
Appleby is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Appleby
- •Convenient location in Burlington
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Appleby offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
5280 Lakeshore Road Unit 1102, Burlington
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $541/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 20 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Burlington Lifestyle
Burlington offers a balance of urban convenience and suburban tranquility. Growing families appreciate the newer schools and community feel. The GO Train provides reasonable Toronto access. Home values have appreciated steadily as families seek alternatives to Toronto's density and pricing.
About Appleby
I know Appleby well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Burlington properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,704 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.