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Price Change$999,000

5318 Mericourt Road

Appleby, Burlington

$1,199,000

Detached|Bungalow
3 | 3 | 6
About this home

Welcome to 5318 Mericourt Road, an exceptional opportunity in Burlington's highly desirable Elizabeth Gardens community. Set on an impressive 82 x 106 ft lot with one of the largest frontages on the street, this beautifully updated residence offers outstanding curb appeal, privacy, and incredible long term potential.Renovated approximately four years ago, the home showcases modern finishes throughout, including a stylish updated kitchen, renovated bathrooms, contemporary flooring, pot lights, and fresh design elements that create a bright and welcoming atmosphere. The functional layout offers comfortable living spaces ideal for families, downsizers, or investors seeking a turnkey property in a mature and sought after neighbourhood.Currently tenanted, the property presents an excellent investment opportunity with immediate rental income potential while owning a beautifully upgraded home in a prime Burlington location. Enjoy close proximity to parks, schools, shopping, major highways, and Burlington's scenic lakefront, offering the perfect balance of convenience and lifestyle.Rarely offered with such an expansive frontage in one of Burlington's most established communities, this is a truly special opportunity not to be missed!

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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,807
Lot Size82 ft x 106 ft
mls© NumberW13206070
Listed BySAM MCDADI REAL ESTATE 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%
$6,137
Property tax
$484
Heat allowance
$150
Housing costs
$6,771 / mo

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

Down payment20% · $239,800
25-yr amortization

Income needed

$208,000

gross annual household income

Payment at 4%
$5,046 / mo
Cash down
$239,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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