985 Kingsway Drive, Burlington, ON

$1,899,999
MLS#:W9396611
8 beds
8 baths
11.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] multiplex located in the coveted neighborhood of LaSalle. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $1,899,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 8 Bedrooms and 8 Bathrooms with 8 functional kitchens
  • Premium 76 x 141.62 ft lot size
  • Features a ["finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 11.0 total parking spaces available with a convenient other configuration
  • Notable attributes: None
  • equipped with ["none"] central cooling and highly efficient water heating via gas

6.3% cap rate. 8-units (3x 2b & 5x 1b) total including 3 vacant. Meticulously maintained building features revitalized common areas and updated exterior retaining wall. Tenants pay Hydro. Flat roof (2022). Clean Environmental Phase 1 (2024). Laundry on site. 11 parking spots. Located less than 3 km from Aldershot GO Station, Highway 403, and Mapleview Shopping Centre.

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Key Features

Bedrooms
8
Bathrooms
8
Kitchens
8
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 30, 2025
Sold price information is available to members only
Listed Date10/15/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeMultiplex
ConstructionConcrete
Lot Size76 × 141.62 Feet
CountyHalton
Annual Tax$8,309
Legal DescriptionPT LT 63, PL PF810; PT LTS 23 & 24, PL PF825, AS IN 555713; BURLINGTON. S/T 555713 & 370817. S/T EASE H846855 OVER PTS 1 & 2, 20R13625

Parking & Garage

Parking Spaces11.0
Garage Spaces11
Garage TypeOther

Heating & Cooling

Heat SourceGas
Heat TypeWater
Cooling["None"]

Features

Property Features

Community Features

Location

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985 Kingsway Drive, Burlington, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 985 Kingsway Drive, Burlington, ON L7T 3J1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$1,519,999.2
Monthly Mortgage$8,832
Property Tax (Est.)$692
Utilities & Maint.$350
Total Monthly Cost$9,874

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Burlington.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Lasalle, Burlington.

Verified Local Data
City Population186,948
City Median Age42.6 Yrs
City Ownership78% Owners
Avg Area List Price$1,203,552

People & Families

Age Distribution

Household Composition

One-person households
24%
Families with children
44%
Couples without children
28%
Other households
4%

Top Ethnic Origins

English31%
Canadian24%
Scottish22%
Irish21%

Local Schools Guide

Elementary Schools

Holy Rosary
Public261 Plains Road East, Aldershot, Burlington, Ontario, L7T 2C7
6.0
Maplehurst
Public481 Plains Road East, Aldershot, Burlington, Ontario, L7T 2E2
7.4
Glenview
Public143 Townsend Avenue, Aldershot, Burlington, Ontario, L7T 1Z1
6.1
Kings Road
Public660 Greenwood Drive, Aldershot, Burlington, Ontario, L7T 3P3
5.0
Saint-Philippe
Public901 Francis Road, Aldershot, Burlington, Ontario, L7T 3Y3
6.2

Secondary Schools

Aldershot
Public50 Fairwood Place West, Aldershot, Burlington, Ontario, L7T 1E5
7.6
Burlington Central
Public1433 Baldwin Street, Burlington, Ontario, L7S 1K4
7.4

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied78%
Rented22%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.