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Roseland, Burlington
$1,750,000
PRESERVE THE PAST OR CREATE THE FUTURE! A rare opportunity to own a piece of Burlington's history on a magnificent 95 x 148 ft lot in prestigious South Burlington. This property has no heritage designation. Dating back to 1878, this charming red-brick farmhouse has ties to prominent Burlington families and offers a glimpse into the city's rich heritage. Steeped in character, this 3-bedroom, 3-bathroom home retains many of its original architectural details, including soaring 12 ft ceilings on the main floor, large windows that fill the principal rooms with natural light, original trim and baseboards where preserved, and a traditional centre-hall layout. Generously sized rooms and a large screened-in rear porch overlooking the extensively landscaped backyard add to the home's charm and appeal. Its historical roots and distinctive character make this property one of exceptional potential. With no heritage designation, buyers have the freedom to restore its original charm, renovate to suit today's lifestyle, or rebuild and create something entirely new (subject to municipal approvals). Set among mature trees and surrounded by established homes in one of Burlington's most desirable neighbourhoods, this substantial property presents a remarkable opportunity. Offered for sale for the first time in 60 years, 3318 Lakeshore Road is ready for its next chapter. One property. Endless possibilities. Come explore the potential!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,957
- Property tax
- $797
- Heat allowance
- $150
- Housing costs
- $9,904 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$305,000
gross annual household income
- Payment at 4%
- $7,364 / mo
- Cash down
- $350,000
Assumes no other monthly debts · 25-yr amortization
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