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Shoreacres, Burlington
$3,895,000
Spectacular custom-built residence on prestigious Lakeshore Road in Shoreacres! Built in 2019, this 2-storey home boasts over 4700 square feet PLUS 2000 square feet of finished lower-level space. There are 4 bedrooms, 5.5 bathrooms, a 3-car garage and a fully landscaped exterior with an inground pool and cabana! The main level features 10' ceilings, wide-plank hardwood flooring, spacious principal rooms and a grand foyer with soaring 19' ceilings. The gourmet kitchen showcases an oversized island, quartz counters, custom cabinetry and premium stainless-steel appliances. Elegant living and dining rooms, a family room with gas fireplace, private office and mudroom/laundry complete this level. The upper level offers 4 large bedrooms, each with an ensuite and walk-in closet, PLUS a bonus library. The luxurious primary suite features a 5-piece ensuite with heated floors. The finished lower level includes an oversized rec room with a custom bar and a gas fireplace, a sprawling home gym, 3-piece bath and ample storage. The exterior has a 3-car garage with height for a car lift (or 3) and parking for 6 vehicles on the driveway. The private entertainer's dream yard includes an inground pool, expansive stone patio, covered cabana, built-in BBQ and outdoor fire feature! The entire grounds also have irrigation & landscape lighting. A truly exceptional offering in one of Burlington's most prestigious locations! Luxury Certified.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $19,936
- Property tax
- $1,680
- Heat allowance
- $150
- Housing costs
- $21,767 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$670,000
gross annual household income
- Payment at 4%
- $16,391 / mo
- Cash down
- $779,000
Assumes no other monthly debts · 25-yr amortization
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