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Listed 15 days ago

505 - 3497 Upper Middle Road

Headon, Burlington

$669,000

Condo Apartment |
2 | 2 | 2 | 1
About this home

Welcome to this bright and spacious lower penthouse condo in Burlington's sought-after Chelsea Condominiums. Offering approximately 1200 sq ft, this well-designed 2 bedroom, 2 bathroom unit features a functional open concept living and dining area with walk-out to a private south-facing balcony. This corner unit offers premium views, larger square footage, lots of windows giving an abundance of natural light, carpert free flooring and upgraded finishes. The U-shaped kitchen offers upgraded cabinetry, quartz countertops and ample workspace, while in-suite laundry adds everyday convenience. The generous primary bedroom includes a 4-piece ensuite and the second large bedroom is perfect for guests, a home office, or additional living space with a second bathroom with a walk in shower. Enjoy the comfort of central air, forced air gas heating, underground parking with two exclusive parking spots and an owned locker. Residents benefit from a well-maintained, solid brick building with fantastic amenities including an exercise room, party room, hobby room, car wash and lots of visitor parking. Ideally located close to shopping, transit and everyday conveniences. This location is close to key corridors such as the 403, QEW, and 407. This is a wonderful opportunity to own a spacious lower penthouse unit and enjoy low-maintenance condo living in a highly desirable Burlington neighbourhood. **INTERBOARD LISTING: CORNERSTONE ASSOCIATION OF REALTORS**

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$841
LockerExclusive
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces2
Parking FeaturesReserved/Assigned, Underground
Property Tax$3,889
mls© NumberW13585708
Listed ByCASORA REALTY INC.
Water Included
Common Elements Included
Building Insurance Included
Parking Included

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%
$3,424
Property tax
$324
Heat allowance
$150
Condo fees, half counted
$421
Housing costs
$4,319 / mo

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

Down payment20% · $133,800
25-yr amortization

Income needed

$133,000

gross annual household income

Payment at 4%
$2,815 / mo
Cash down
$133,800

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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