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Appleby, Burlington
$1,595,000
Beautifully renovated 4 bedroom, 4 bath family home on a quiet crescent in Burlington's sought-after Elizabeth Gardens neighbourhood, just steps from the lake. Set on a generous 83 x 101 ft corner lot, this home combines a stylish modern interior with room to grow. The open-concept main floor is made for gathering, with a bright living room, a dining area and a stunning kitchen anchored by a 12 ft waterfall island with seating for six, stainless steel appliances, a wine fridge and sleek grey cabinetry. A separate family room with a fireplace is perfect for movie nights, or use it as a home office. Wood-look flooring, pot lights and a main-floor powder room complete the level. From the kitchen, walk out to a huge fully fenced backyard with a long patio, ideal for summer entertaining and kids at play. Upstairs, the primary bedroom offers two double closets and a 3-piece ensuite, joined by three more bedrooms and a 5 piece main bath with a double vanity. The finished lower level adds a large recreation room, a second powder room, a laundry room and storage. A double attached garage with a plug ready for an EV charger and a double-wide drive make parking easy. Close to lakefront parks, trails, schools, shopping, restaurants, the GO station and the QEW
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,164
- Property tax
- $666
- Heat allowance
- $150
- Housing costs
- $8,980 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$276,000
gross annual household income
- Payment at 4%
- $6,712 / mo
- Cash down
- $319,000
Assumes no other monthly debts · 25-yr amortization
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