$799,000 - 5255 Lakeshore Road Unit 7, Burlington
Condo for Sale in Burlington
- MLS Number
- W12738068
- Property Type
- Condo
- Status
- active
- Days on Market
- 7
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- City
- Burlington
Set within the quiet, well-established enclave of Newport Village, this immaculate two-storey condominium townhome offers a functional layout, generous living spaces, and an exceptional Burlington location. The main level is bright and well proportioned, featuring a welcoming living room with a gas fireplace, a dining area with a walkout to a private, enclosed deck, and an eat-in kitchen designed for both daily living and entertaining. A convenient ground-floor bathroom completes the level. Upstairs, two spacious primary bedrooms each feature walk-in closets and their own four-piece ensuite bathrooms, offering flexibility for families, guests, or shared living arrangements. The finished basement adds valuable living space with a comfortable recreation room and a separate utility area. With parking for two vehicles and a premium position within the complex, this home is an excellent option for downsizers, busy professionals, or young families seeking space without the upkeep of a larger property or the limitations of high-rise living. The location truly sets this home apart and is close to Lake Ontario and the scenic shoreline trails of Burloak Waterfront Park, a short walk to the newly completed Skyway Community Centre with pickleball courts and an ice rink, and close to golf courses, conservation areas, parks, the hospital, library, shopping, dining, and highway access. Located in Burlington's Elizabeth Gardens community, this home offers a refined, low-maintenance lifestyle in an exceptional setting.
Discover Burlington
Burlington 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 Burlington
- •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
Burlington 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.
5255 Lakeshore Road Unit 7, 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 25+ years of GTA real estate experience
Competitive Pricing
At $571/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Burlington's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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.
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 $3,329 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.