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New1 day ago

274 Belvenia Road

Shoreacres, Burlington

$1,399,000

Detached|2-Storey
5 | 3 | 4
About this home

Let's start with what you can't change later: location, the south side of Belvenia Road and Tuck Public School and Nelson High School District,Lake Ontario (Paletta Park) and Lakeshore Road close enough to become part of your routine walks, Parks, shops and everyday errands allnearby. That part is done, and it's the hardest part to find. Now the house. The home would benefit from some updating and offers hugepotential and options. 5 bedrooms, 3 baths and generous square footage on a 60' x 130' lot lined with mature trees. The main floor has a livingroom with hardwood, a fireplace and big windows, a separate dining room, a wood-cabinet kitchen with plenty of counter space and a walkout tothe yard, plus a main-floor bath. Upstairs are three bedrooms and a full bath. The lower level is already finished with a rec room, a secondfireplace, built-ins and extra storage. Then there's the bonus: a separate suite area, currently unfinished but already laid out for a kitchen, livingroom, bathroom and two bedrooms. The front main-floor room could become that second bedroom, an office or a bigger kitchen. Think in-laws,adult kids home for a while, or rental income. The other option is to convert back to one home which is extremely easy to do. Out back you get a deep lawn, a patio, a storage shed and real privacy with sunsets. Finish it your way, on your own timeline, and you'll have a big family home onone of South Burlington's best streets, in one of its best school districts, for years to come.

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Contact Jonathan directly.

agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$6,510
Lot Size60.9 ft x 130 ft
mls© NumberW14119018
Listed ByROYAL LEPAGE REALTY PLUS OAKVILLE

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%
$7,161
Property tax
$542
Heat allowance
$150
Housing costs
$7,853 / mo

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

Down payment20% · $279,800
25-yr amortization

Income needed

$242,000

gross annual household income

Payment at 4%
$5,887 / mo
Cash down
$279,800

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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