The city of Burlington is located on the north coast of Lake Ontario, sandwiched between Oakville and Hamilton. Burlington currently has around 20 different developments ranging from high-rise condos, townhouses, to single-family homes. However, the main demand for the Burlington real estate market has been mid to high rise condo developments. The city has been attracting a lot of young professionals who are looking for condos with building amenities common to downtown Toronto but don’t want the hustle and bustle of the city.
Lakefront Condos in Burlington
Like a majority of other cities along the waterfront, the majority of the new condos in Burlington are close to the water – where the demand for condos is greatest. The views are great in this city, and every developer knows that too. Below are some of our favorite picks that are coming to Burlington, Ontario.
Red Path Place is a small Burlington project with only 6 available units, but each one is at least 2200 sq ft. Each detached development is two stories and includes everything that one would expect to be available in a new contemporary house. The best part is that the houses are a 2-minute walk to the lakefront, giving you access to a list of activities near Lake Ontario.
Bridgewater Residences on the Lake, located in Lakeshore Road, wouldn’t feel out of place in downtown Toronto. The property development is set to have over 150 units available, with the main tower reaching to the 22nd story. The condos would have hotel-style amenities and a view of Lake Ontario. When it comes to new condos, Burlington units are always close to shopping, parks, and restaurants.
Other great condos Burlington offers include Burlington Waterfront on Lakeshore Rd, Breeze Condominiums on Plans Road, Platform A on Waterfornw Road, Burlington Waterfront on Lakeshore Road, and Gallery Condos on 421 Brant St.
Now, let’s talk about the prices of condos in this city. In 2019, the average selling price of condos in this location is almost $392,000. The selling price per square foot is at $603. For rental, the average price is $2,100.
For resale prices, the average price is at $766,777. However, these prices will only rise in the coming years, with many developer groups having new listings all the time.
If one of your main concerns is getting in and out of Toronto on a daily basis, take a look at new listings in Glendor Towns. Not only are these Burlington new condos near the Go station and the QEW for transit, but they also have a clean and modern vibe to them. These Burlington homes start around 1400 sq. ft. all the way to 2000 sq. ft. and most of them have a driveway with a garage. This property development, while not on the water, intersects with Brant Street and a quick drive south leads you right into Burlington’s downtown and harbor.
Not only do you have access to all the outside activities that come with living in a waterfront development location, but being able to jump on the GO train and get into downtown Toronto quickly and with no traffic is a major perk because most jobs require travel into the city. Once, Burlington was just considered and featured as a commuter city, but that’s no longer the case. You can search for a lot of transit options in this community.
Over the past year, there has been a lot of development when it comes to entertainment in the Burlington area. While it’s nowhere near the world-class entertainment you can search in downtown Toronto, it’s far from what it used to be. Burlington downtown is centered around Brant Street, and it has evolved into a city hotspot with some really great restaurants and available activities. Rust BistroBar is a modern chic restaurant and MYTHOS Greek Cuisine is arguably Burlington’s best Greek food at a good price. Residents enjoy these establishments in the city.
You can expect a lot more condo developments will be under construction near Brant Street. After all, this street is the center of the Designated Urban Growth Centre. With developer after developer hastening construction in these neighbourhoods, there’s definite growth in the real estate market year after year.
Burlington also has a great list of waterfront parks and trails located in the city. Starting on the west end is the Royal Botanical Gardens (the largest garden in Canada with over 27 kilometers of trails), LaSalle Park, Burlington Golf and Country Club, Sioux Lookout Park, Palette Lakefront Park, Burloak Waterfront Park, and just up Burloak drive is Bronte Creek, Provincial Park. Residents really enjoy these great views and developments near their homes.
Bronte Creek Park is the largest park in Burlington with so many fun activities. You can enjoy outdoor swimming in the pool, fishing in the creek, discover and find the over 180 species of birds, enjoy the maple syrup festival, and camping. It’s a great place to unwind and enjoy the outdoors near your Burlington new condo or home. If the outdoors isn’t your thing, Burlington neighbourhoods have some good shopping malls you can search within the city.
For somewhere to shop near your condominium unit, residents also have Burlington Mall which has a list of major stores like Canadian Tire, Cinema, Conspiracy comic, games and anime, Goodlife Fitness, Home Sense, Hudson’s Bay, Playscape, Shoppers Drug Mart and Sport Chek. If that’s not enough for you, halfway across is the even bigger Maple View Mall. It has a list of unique shops like Apple, American Eagle Outfitters, Coach, Earls kitchen and bar, H&M, Indigo, Sephora, Victoria’s Secret, and Zumiez.
Residents of condo units can also access a list of different festivals in these neighbourhoods. Burlington Ribs fest, the largest and best rib in Ontario, Canada, is an annual staple. Just recently it celebrated its 25th year and annually it brings in more than 4 million in donations. To go with all the delicious ribs and BBQ – the Burlington event has a list of different games, midway rides, face painting, and live music. People come hundreds of kilometers away to enjoy this fest in Burlington.
Since Burlington is near Hamilton, there are even more unique events and attractions for condo residents to see. Some of our favorites on the list are the waterfalls of Hamilton and African Lion Safari. If you plan on leaving the city you could also take an hour’s drive to romantic Niagara Falls or Niagara wine country. Niagara is one of the world’s biggest waterfalls, and you can take your family here to enjoy wine tasting or ride the Ferris Wheel.
Burlington is truly a condominium hotspot for millennials and people looking to start a family in new homes. Growth in real estate development will continue in the area for years to come, with developer after developer having a construction project in this city. The average prices are relatively low compared to others, so it’s great to invest soon. With views this great, you’ll find the prices worth it.
If you want to invest in a Burlington condo, but you want to search for information on specific waterfront development or condo, just reach out and we can give you a hand.