2381 LAKESHORE Rd
Brant, Burlington, L7R 1B7
FOR SALE
$1,349,000
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4 + 1
BEDROOMS6
BATHROOMS1
KITCHENS14 + 6
ROOMSW10403833
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Property Description
*TO BE BUILT by NEW OWNER* This opportunity to own on Lakeshore Rd offers multiple options. Use existing architectural design plans by SDMA Design & Architecture to build a 4320 sq.ft 2.5 storey home PLUS 1835 sq.ft. 1 bedroom in law suite on lower level. (Full design and floor plans available with option to customize still). OR design and build purpose-built rental units with the four units as-a-right with huge rental income potential, based on City of Burlington's goal to provide more housing opportunities OR combine 2379 and 2381 Lakeshore Rd for a custom built home on one of the most coveted streets in Burlington just minutes from downtown Burlington. OR design and build your dream home on existing property. Take advantage of this rarely offered property and build based your needs!
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Property Details
Street
Community
City
Property Type
Detached, 2 1/2 Storey
Lot Size
49' x 134'
Acreage
< .50
Basement
Finished, Walk-Up
Exterior
Brick, Other
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 1.08' x 1.08' | |
| Dining | Main | 1.08' x 1.08' | |
| Family | Main | 1.08' x 1.08' | |
| Pantry | Main | 1.08' x 1.08' | |
| Laundry | Main | 1.08' x 1.08' | |
| Br | 2nd | 1.08' x 1.08' | |
| Br | 2nd | 1.08' x 1.08' | |
| Br | 2nd | 1.08' x 1.08' | |
| Office | 2nd | 1.08' x 1.08' |
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Burlington Market Statistics
Burlington Price Trend
2381 LAKESHORE Rd is a 4-bedroom 6-bathroom home listed for sale at $1,349,000, which is $228,489 (14.5%) lower than the average sold price of $1,577,489 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 4 bedroom home in Burlington declined by $225,197 (12.5%) compared to the previous 30 day period (September 22 - October 21) and up $64,841 (4.3%) from the same time one year ago.Inventory Change
There were 70 4-bedroom homes listed in Burlington over the last 30 days (October 22 - November 20), which is down 0.0% compared with the previous 30 day period (September 22 - October 21) and up 59.1% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Burlington typically sold ($67,116) (4.3%) below asking price over the last 30 days (October 22 - November 20), which represents a $4,423 decrease compared to the previous 30 day period (September 22 - October 21) and ($41,548) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Burlington over the last 30 days (October 22 - November 20) stood at 67.1%, up from 65.7% over the previous 30 days (September 22 - October 21) and up from 61.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 6-bathroom home in Burlington stood at 27 days when successfully sold over the last 30 days (October 22 - November 20), compared to 49 days before being removed from the market upon being suspended or terminated.Listing contracted with Sotheby's International Realty Canada, Brokerage
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*TO BE BUILT by NEW OWNER* This opportunity to own on Lakeshore Rd offers multiple options. Use existing architectural design plans by SDMA Design & Architecture to build a 4320 sq.ft 2.5 storey home PLUS 1835 sq.ft. 1 bedroom in law suite on lower level. (Full design and floor plans available with option to customize still). OR design and build purpose-built rental units with the four units as-a-right with huge rental income potential, based on City of Burlington's goal to provide more housing opportunities OR combine 2379 and 2381 Lakeshore Rd for a custom built home on one of the most coveted streets in Burlington just minutes from downtown Burlington. OR design and build your dream home on existing property. Take advantage of this rarely offered property and build based your needs!
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