4447 Spruce Avenue
Shoreacres, Burlington
$1,399,999
ATT: BUILDERS / RENOVATORS - FANTASTIC OPPORTUNITY. Signed and approved plans for a custom 2 Storey dwelling of approx. 4,241 SF (above grade) are included; see attachments for full drawings. No interior access. The existing structure is boarded up and not habitable; this is a land value offering ideal for redevelopment. Buyer to do their own due diligence with respect to all municipal requirements, permits, and associated engineering. Exceptional park-side setting in Shore acres. This wide 75ft lot backs and sides onto Breckon Park, providing privacy, mature trees, and a natural backdrop rarely available in Burlington. Walk to the lake, parks, and area schools. Property sold in as-is, where-is condition, with no representation or warranties.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $7,316 |
| Lot Size | 75 ft x 125 ft |
| mls© Number | W13844800 |
| Listed By | SUTTON GROUP-ADMIRAL 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%
- $7,166
- Property tax
- $610
- Heat allowance
- $150
- Housing costs
- $7,925 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$244,000
gross annual household income
- Payment at 4%
- $5,891 / mo
- Cash down
- $280,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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