1290 Old York Road, Burlington, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Grindstone. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $7,500,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 874 x 635 ft lot size
- Notable attributes: None
Description
15.71 Acre potential building Lot in Burlington's North Aldershot Community. 6.5 Km from Aldershot Go Train and a short drive to Downtown Hamilton. Visible Exposure to HWY 403. Close proximity to Natural features and Trails including Eileen John Holland Nature Sanctuary. Frontage on Old York Rd. of 874 Feet. Land Fronting on Old York Rd is Designated Infill Residential in the official Plan.
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Property Summary
This vacant land located at 1290 Old York Road, Burlington is currently for sale and has been available on SousaSells for 300 days. This property is listed at $7,500,000 with an estimated mortgage of $24,965* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 1290 Old York Road, Burlington is in the Grindstone neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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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 1290 Old York Road, Burlington, ON L7P 4Z5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Burlington, ON
For a property listed at $7,500,000 in Burlington, the legal minimum down payment is $1,500,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $173,975 for this transaction. As this listing is in Burlington (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $173,975.
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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.