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Brant, Burlington
$1,695,000
A cottage in the city on a rare 79 x 132 ft lot, steps from Lake Ontario. Said to date to 1862, this neo-Tudor villa is a rare piece of Burlington history, so well cared for it earned a Heritage Award for its upkeep in 1999, and now fully renovated for modern living. The 3 bedroom, 3 bath home opens to a sunny living and dining room with a gas fireplace and a barn door that slides open to a hidden wine servery. The crisp white kitchen has a quartz island, new stainless steel appliances and a desk nook, plus main floor laundry. A cozy den with original oak floor planks and an antique stove makes a perfect office or music room. Upstairs are 3 bedrooms, 2 full baths, including a primary ensuite with a glass shower, and a quiet office. Out back, sip your coffee on the covered flagstone porch, wander the stone garden path and soak up the deep, private yard under towering trees. A detached double garage and long drive make parking easy, with bonus space behind the garage for a workshop or art studio. Plus a heat pump, Nest and EV charger. A lot this deep, this close to the lake, rarely comes up. Walk to Spencer Smith Park, the Waterfront Trail and Brant Street shops and restaurants, with the GO and the QEW minutes away.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,676
- Property tax
- $571
- Heat allowance
- $150
- Housing costs
- $9,397 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$289,000
gross annual household income
- Payment at 4%
- $7,133 / mo
- Cash down
- $339,000
Assumes no other monthly debts · 25-yr amortization
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