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$500K · 2 bed Condo Apartment · Brant, Burlington | MyPropertyScout

$499,999

Unit 1002

21OwnerOccupied

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⚡ Insider Deal

↓ $15,000Price Reduced

$499,999

DOM72days

Unit 1002

The Palace Condominium · 1270 Maple Crossing Boulevard · Burlington · Ontario L7S 2J3

MLS® W12998660 · Brant · L7S 2J3

21OwnerOccupied800-899 ft²Condo Apartment1-car Underground72d$589/ft²$2,351 tax/yrBuilt 198541 yrs old

Neighbourhood Range

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About this home

Beautifully renovated 2-bedroom, 1-bathroom condominium ideally located in the heart of Burlington, just steps from the lake. This bright, south-facing suite showcases premium finishes throughout and offers stunning lake views. The thoughtfully designed layout features a spacious kitchen seamlessly open to the living and dining areas, ideal for both everyday living and entertaining. Residents benefit from an impressive array of amenities, including a pool, sauna, fully equipped fitness centre, g…

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Property details

MLS#: W12998660
Status: Buy Now
Beds: 2
Baths: 1 full, 0 half
Size: 800-899
Style: Multi-Level
Type: Condo Apartment
Year built: —

Property features: Hospital, Lake/Pond, Library, Park, Public Transit

View: Lake

Building name: The Palace Condominium
Condo corp #: 187
Balcony: None
Locker: Owned
Fees include: Heat Included, Hydro Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included, Parking Included
Pets: No

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Maple Ave, Lakeshore Rd
Basement: None
Stories: 10
Utilities: —
Laundry: In-Suite Laundry
Interior: Auto Garage Door Remote
Parking features: Covered

Rooms

Level	Room	Dimensions
Main	Living Room	3.65m × 7.63m
Main	Dining Room	3.65m × 7.63m
Main	Kitchen	2.43m × 3.02m
Main	Primary Bedroom	3.04m × 4.87m
Main	Bedroom 2	2.01m × 3.08m
Main	Bathroom	2.5m × 3.5m
Main	Laundry	4m × 2.5m
Main	Foyer	1.09m × 1.78m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RE/MAX NOBLECORP REAL ESTATE

Source: TRREB/PROPTX · MLS® W12998660

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$500K

Unit 1002 · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $499,999✓ $2,351 tax✓ Gas✓ 800-899 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,801/mo

incl. closing costs (yr 1)

Annual total

$57,618

year 1

Mortgage only

$1,897/mo

principal + interest

Beyond mortgage

$1,907/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$100,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$196/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~850 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$5,000/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$72/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$6,475

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)40% $22,762/yr

Property taxes15% $8,826/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $5,000/yr

Condo fees18% $10,370/yr

Closing costs9% $5,100/yr

Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$22,762	$1,897/mo
Government & taxes
Property tax	$2,351	$196/mo
Land transfer tax(closing)	$6,475	$540/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,000	$417/mo
Condo fees
Condo / HOA fees	$10,370	$864/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$57,618	$4,801/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 1002

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs