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New4 days ago

491 Shannon Crescent

Shoreacres, Burlington

$1,000,000

Detached|Sidesplit
3 | 2 | 6
About this home

Welcome to this 3-bedroom, 2-bathroom side-split, ideally situated on a sprawling corner lot. This home sits on quiet, tree lined street in Burlington's Shoreacres. This home offers exceptional curb appeal, featuring a beautifully landscaped front yard, concrete driveway, aggregate path and a double-car garage, with newly installed concrete floor. Inside, you'll find a spacious living room with an oversized bay window that fills the home with natural light, a separate dining room with sliding doors and eat in kitchen. Original hardwood flooring beneath the carpet in living/dining, bedrooms and stairs as per seller. A separate entrance to the basement from the backyard provides added flexibility and future potential for in-law suite. The lower level family room has cozy wood burning fireplace, newer carpet and has been freshly painted. Major updates include 8 new windows (2025) and a complete electrical rewire (2019), offering peace of mind for years to come. With endless possibilities, this is the perfect opportunity to renovate, personalize, and create the home you've always envisioned. Ideally located just a short walk to Nelson Park, you'll enjoy convenient access to a swimming pool, splash pad, playground, skateboard park, sports fields, and a variety of recreational amenities. A fantastic opportunity to own a solid home in a desirable, family-friendly neighbourhood.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleSidesplit
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,422
Lot Size104.78 ft x 60 ft
mls© NumberW13627656
Listed ByRE/MAX WEST REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,118
Property tax
$452
Heat allowance
$150
Housing costs
$5,720 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $200,000
25-yr amortization

Income needed

$176,000

gross annual household income

Payment at 4%
$4,208 / mo
Cash down
$200,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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