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    Burlington / Elizabeth Gardens

    902 - 5280 Lakeshore Rd

    For SaleRoyal Vista Condos
    $995,000
    2 Beds
    2 Bath
    1 Parking
    1,344 SQFT
    47 Days on Strata
    Est Sell Timeframe
    28 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $972/mth
    Taxes:
    $3,562 (2023)
    Cost Per Sqft:
    $740/sqft
    Locker:
    None
    Outdoor Space:
    None
    Exposure:
    South West
    Possession Date:
    November 9, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Vinyl Floor, Overlooks Water
    17.88 x 19.52ft
    Dining
    Combined with Living, South View
    10.66 x 9.84ft
    Kitchen
    Built-in Appliances, O/Looks Dining, Double Sink
    11.02 x 10.17ft

    About this Listing

    Experience stunning lake views and spacious living in the heart of Burlington, This property boasts a fantastic layout with modern design and a southwest-facing view in a wonderful neighbourhood. Step out the back of the building and enjoy direct access to the lake, with stores conveniently located just across the street, providing incredible value and easy transit access. (Check Schedule A for a complete list of upgrades)

    home leader realty inc.MLS® #W9392801

    Amenities

    Visitor Parking
    Gym Room
    Indoor Parking
    Sauna
    Party Room
    Outdoor Pool

    Explore Neighbourhood

    4/10
    Walkability
    You’ll occasionally stumble upon civilization. Keep an eye out for that elusive coffee shop!
    Unknown
    Transit
    5/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    5,895
    Average Individual Income
    $70,213
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $121,842
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    19%
    35 - 49
    21%
    50 - 64
    20%
    65+
    20%
    Household Income
    $0 - $30,000
    42%
    $30,000+
    25%
    $60,000+
    17%
    $90,000+
    9%
    $125,000+
    5%
    Housing Types & Tenancy
    Detached
    52%
    Semi Detached
    26%
    Low Rise Apartment
    12%
    Duplex
    4%
    High Rise Apartment
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    89%
    Other
    7%
    Punjabi
    3%
    Spanish
    1%
    Education
    High School
    29%
    University and Above
    26%
    College
    21%
    None
    15%
    Apprenticeship
    5%
    University Below Batchelor
    1%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    19%
    Social Sciences
    14%
    Health & Related Fields
    8%
    Humanities
    5%
    Physical Sciences
    5%
    Math & Computer Sciences
    5%
    Personal, Protective & Transportation Services
    4%
    Education
    4%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    Royal Vista Condos vs The Elizabeth Gardens Area

    Building Trends At Royal Vista Condos

    Days on Strata

    Units at Royal Vista Condos spend an average of
    47
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Elizabeth Gardens

    Turnover of Units

    On average, each unit is owned for
    21.4
    YEARS before being sold again

    Property Value

    1%
    Increase in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 14 condos in the Elizabeth Gardens area

    Sold Units

    9
    Units were Sold over the past twelve months

    Rented Units

    5
    Units were Rented over the past twelve months

    Best Value Rank

    Royal Vista Condos offers the
    ?
    best value out of 14 condos in the Elizabeth Gardens neighbourhood

    Appreciation Rank

    Royal Vista Condos has the
    ?
    highest ROI out of 14 condos in the Elizabeth Gardens neighbourhood

    Rental Yield

    Royal Vista Condos yields the
    ?
    highest rent prices out of 14 condos in the Elizabeth Gardens neighbourhood

    High Demand

    Royal Vista Condos is the
    ?
    most popular building out of 14 condos in the Elizabeth Gardens neighbourhood

    Transaction Insights at 5280 Lakeshore Road

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$670,000$610,000 - $950,000No Data
    Avg. Cost Per SqftNo Data$695$633No Data
    Avg. Wait for Unit Availability289 Days887 Days74 DaysNo Data
    Ratio of Units in Building21%3%76%2%

    Transactions vs Inventory

    Total number of units listed and sold in Elizabeth Gardens