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Listed 22 days ago

5174 Ravine Crescent

Orchard, Burlington

$1,198,000

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

Backing directly onto a lush ravine in Burlington's Orchard neighbourhood, 5174 Ravine Cres offers apprx. 2,421 sf of finished living space, 3+1 beds and 2.5 baths. A covered front porch, attached garage & aggregate driveway & walkway welcome you home, while the private setting provides a beautiful backdrop to this well-appointed family home. Inside, 9' ceilings and hardwood flooring enhance the main level. The front living/dining space features large windows and California shutters, while the family room is centred around & gas fireplace w/ marble surround, custom built-ins and glass shelving. The renovated kitchen offers quartz counters, extensive cabinetry, soft-close drawers, upper & under-cabinet lighting, s/s appliances and a large peninsula w/ bar seating & additional storage. An oversized window and double garden doors bring in plenty of natural light and provide an easy connection to the backyard. A convenient 2-pc bath completes this level. Upstairs, the spacious primary retreat features a walk-in closet, additional closet and 4-pc ensuite w/ soaker tub and glass shower. The 2 additional bedrooms offer closet organizers and a unique connecting door between the rooms, adding a fun and functional touch for family living. The renovated main bath features a double vanity & additional storage. The finished basement extends the living space w/ a generous office & separate media room w/ pocket doors and in-wall surround-sound wiring, offering flexibility as a theatre, additional bedroom or hobby space. Laundry & a large storage area complete this level. Step outside to a private backyard retreat designed for summer living & entertaining. The heated saltwater inground pool features a waterfall and deck jets, surrounded by patio space and mature greenery. A rear gate provides direct access to the walking path, connecting you to numerous trails and endless amenities throughout the Orchard community-an exceptional combination of outdoor living, privacy & convenience.

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nest zoom realty
(416) 276-9973
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$5,732
Lot Size33.9 ft x 79.88 ft
mls© NumberW13693666
Listed ByROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

Listing History

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,132
Property tax
$478
Heat allowance
$150
Housing costs
$6,760 / mo

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

Down payment20% · $239,600
25-yr amortization

Income needed

$208,000

gross annual household income

Payment at 4%
$5,041 / mo
Cash down
$239,600

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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