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Listed 14 days ago

2389 Lakeshore Road S

Brant, Burlington

$1,649,999

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

Rare Development Opportunity in south Burlington, Premium Lot 66/133 with building Permit already obatined and architectural plans ready for a spectacular custom home of approximately 4,000 + sq. ft. above grade and 5,800 sq.ft . including basement. Save significant time and expense with the permit and plans already in place. Ideal opportunity for builders, investors and end users looking to build a luxurious custom residence in a highly desirable Lakeshore community. Enjoy the convenience of being close to Lake Ontario, Waterfront trails, parks, schools, shopping, restaurants and major highways. Build with confidence and start your project sooner Permit is in place. Currently on the lot is older duplex home with 2 kitchen, featuring 3 bedroom, 2 washroom and over 1500 Sq.ft. This home can be renovated and rented as an investment or held while planning a new build. Another key advantage is the ability to build quickly.

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Contact nest zoom realty.

nest zoom realty
(416) 276-9973
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$5,285
Lot Size66 ft x 133 ft
mls© NumberW13717614
Listed ByINTERCITY 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%
$8,340
Property tax
$440
Heat allowance
$150
Housing costs
$8,930 / mo

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

Down payment21% · $346,500
25-yr amortization

Income needed

$275,000

gross annual household income

Payment at 4%
$6,857 / mo
Cash down
$346,500

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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