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New2 days ago

3318 Lakeshore Road

Roseland, Burlington

$1,750,000

Detached|2-Storey
3 | 3 | 8
About this home

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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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$9,564
Lot Size95 ft x 148 ft
mls© NumberW14153730
Listed ByHalton Heritage Realty Inc.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

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.

Down payment20% · $350,000
25-yr amortization

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

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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