New Condos in Burlington

Burlington’s Real Estate Market Overview

Burlington’s real estate market keeps growing, making it a perfect location for new condos. Its proximity to Lake Ontario and major urban centers like downtown Toronto and Hamilton attracts both buyers and investors.

The city offers a balanced mix of green spaces, thriving businesses, and cultural attractions like Spencer Smith Park and the Royal Botanical Gardens, enhancing its appeal as a great place to live.

Strategically located near major highways like the Gardiner Expressway, 403, and QEW, Burlington provides easy access for commuters traveling to the Greater Toronto Area and Niagara Falls.

With its accessibility, vibrant downtown, and family-friendly neighborhoods, Burlington stands out as a prime destination for both growth and quality living.

Why Invest in Burlington Pre-Construction Condos

Investing in Burlington’s pre-construction condos offers a unique opportunity to secure properties at competitive prices in a city that is rapidly growing.

Its strategic location near the Gardiner Expressway and highways 403 and QEW ensures easy access for commuters traveling to the Greater Toronto Area and Niagara Falls, further enhancing its appeal.

New condos for sale in Burlington are designed with modern amenities and sustainable features, attracting environmentally conscious buyers.

Areas like downtown Burlington and Village Square boast a vibrant mix of dining, shopping, and cultural attractions, while developments near Spencer Smith Park and the Brant Street Pier provide stunning waterfront views that enhance property values.

What’s the Average Condo Price in Burlington?

The average price of condos in Burlington is approximately $639,000.

As of last year, new condo developments in prime areas like Lakeshore Road and downtown Burlington have experienced increased demand, reflecting the city’s growing appeal.

On average, Burlington real estate presents competitive pricing compared to downtown Toronto, making it an attractive choice for first-time buyers and investors.

Waterfront properties near Lake Ontario and Spencer Smith Park often command higher prices due to their premium locations and stunning views.

The blend of urban convenience and suburban charm, coupled with the Halton District School Board’s excellent reputation, makes Burlington a desirable place to call home.

Accessibility/Getting Around

Burlington boasts excellent accessibility, making it a prime location for residents and commuters alike. Burlington Transit offers reliable public transit options, efficiently connecting various parts of the city.

The strategic location near major highways such as the QEW and 403 ensures convenient access to Toronto, Hamilton, and the Niagara region.

For those who rely on trains, the Burlington GO Station enhances connectivity, providing seamless travel across the Greater Golden Horseshoe.

Cyclists and pedestrians will appreciate Burlington’s extensive network of trails and pathways, perfect for exploring the city’s scenic beauty.

Key attractions like Spencer Smith Park, the Brant Street Pier, and Mapleview Centre are easily accessible, allowing residents to enjoy Burlington’s amenities without hassle.

Popular Neighborhoods in Burlington

• Downtown Burlington: The downtown core is renowned for its lively atmosphere, featuring trendy restaurants, boutique shops, and cultural hotspots like the Village Square. New condos in Burlington’s downtown often boast waterfront views and modern amenities, making them a top choice for buyers. This vibrant area combines urban convenience with scenic beauty, offering residents a dynamic lifestyle close to attractions like Spencer Smith Park and the Brant Street Pier.
• Aldershot: Situated near the Royal Botanical Gardens, Aldershot offers a tranquil environment with a blend of new condo developments and established family homes. Its strategic location provides convenient access to major highways and the Burlington GO Station, making it ideal for commuters.
• Lakeshore Road: This area along Lakeshore Road offers luxury condo developments with breathtaking views of Lake Ontario. Residents enjoy close proximity to Spencer Smith Park, the waterfront, and Brant Street, making it a highly desirable neighborhood. With its blend of scenic beauty and urban convenience, Lakeshore Road is perfect for those seeking a vibrant lifestyle.
• Millcroft: Millcroft is a family-friendly community celebrated for its lush green spaces and top-rated schools, making it a favorite among Burlington residents seeking suburban tranquility. This neighborhood offers easy access to modern amenities, blending a peaceful lifestyle with convenience. Known for its picturesque surroundings, Millcroft attracts those looking for a quieter lifestyle while still enjoying proximity to Burlington’s vibrant attractions and essential services, making it an ideal place to call home.

FAQs

What’s the Minimum Down Payment for a Condo in Burlington?

The minimum down payment for new condos in Burlington is generally 5% for properties under $500,000. For those priced above this amount, a 10% down payment may be needed. It’s advisable for buyers to consult with financial professionals for personalized guidance, ensuring they understand all requirements and options available for purchasing a condo in this growing market.

What Are the Closing Costs for Condos in Burlington?

Closing costs for condos for sale in Burlington typically include legal fees, land transfer taxes, and development charges. These expenses range from 1.5% to 4% of the condo’s purchase price. Buyers should budget for these costs to avoid surprises. Consulting with a real estate professional can provide clarity on these expenses and help streamline the purchasing process.

What Are the Typical Maintenance Fees for Burlington Condos?

Maintenance fees for Burlington new condos differ based on the building’s size and amenities. Typically, these fees range from $0.50 to $0.75 per square foot. They cover essential services such as building maintenance, utilities, and access to modern amenities. Buyers should factor these costs into their budget when considering condos for sale in Burlington.