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LaSalle, Burlington
$1,499,000
Exceptional double lot registered on GeoWarehouse as Lot 75 & Lot 76. A great opportunity for builders and investors, with the property currently rented for $5,000 per month, providing immediate rental income. A rare chance to create your custom dream retreat within the city or enjoy the property as is.Custom homes on similar-sized lots in the neighbourhood are selling for $5.7M. With its spacious lot backing onto a ravine, it offers a serene escape from urban life surrounded by nature's beauty. And with 3 bedrooms and 2 bathrooms, it provides comfortable living accommodations. The main floor, with its lovely kitchen, dining area, and living room, seems like a cozy hub for daily life. The sitting area offers incredible views of the surrounding landscape, creating a peaceful atmosphere. The location is ideal with proximity to Lake Ontario, parks, a marina, and a golf club, offering plenty of opportunities for outdoor recreation. And with easy access to major highways and downtown, it strikes a balance between convenience and tranquility. This home is a perfect blend of countryside charm and urban convenience, offering a lifestyle that's both refreshing and convenient.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $7,229 |
| Lot Size | 107.97 ft x 206.7 ft |
| mls© Number | W13577196 |
| Listed By | RE/MAX ESCARPMENT 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%
- $7,673
- Property tax
- $602
- Heat allowance
- $150
- Housing costs
- $8,425 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$259,000
gross annual household income
- Payment at 4%
- $6,308 / mo
- Cash down
- $299,800
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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