985 Kingsway Drive, Burlington, ON
Property no longer active
This property was sold on January 30, 2025. This listing is for reference purposes only. to view the sold price.
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
- Efficient water heating via gas
Description
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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Property Summary
This multiplex located at 985 Kingsway Drive, Burlington is currently for sale and has been available on SousaSells for 660 days. This property is listed at $1,899,999 with an estimated mortgage of $6,324* per month. It has 8 beds, 8 bathrooms, and is unknown square feet. 985 Kingsway Drive, Burlington is in the LaSalle neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 8 bedrooms and 8 bathrooms, this home offers ample space and comfort for growing families in LaSalle, Burlington.
- •8 spacious bedroom layout offering versatile living space
- •8 well-appointed bathrooms
- •Desirable Multiplex architecture in LaSalle, Burlington
Growing families needing multi-bedroom flexibility and space in LaSalle, Burlington.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 985 Kingsway Drive, Burlington, ON
Q.What is the asking price for 985 Kingsway Drive, Burlington, ON ?
The current listing price for 985 Kingsway Drive, Burlington, ON in LaSalle, Burlington is $1,899,999.
Q.How many bedrooms and bathrooms does this property have?
This property features 8 bedrooms and 8 bathrooms.
Q.What property type and architectural style is 985 Kingsway Drive, Burlington, ON ?
985 Kingsway Drive, Burlington, ON is a Multiplex (2-Storey) featuring a Finished basement.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 11.0 vehicles (Other).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Pricing & Value Insights
Data-driven valuation for 985 Kingsway Drive, Burlington, ON L7T 3J1
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 $1,899,999 in Burlington, the legal minimum down payment is $380,000 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 $34,475 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 $34,475.
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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.