Burlington luxury home Buying

Home buyers in Burlington can expect a luxury home buying process that is a little different from the traditional process in 2023.

Here is a look at what buyers can expect.

In the Burlington real estate market, 2023 is set to bring a wave of changes that home buyers and sellers can experience. It’s no surprise that the past year has seen large shifts in the way buyers purchase homes and this is expected to continue in the future. In 2023, buyers in Burlington can expect a new, luxury home-buying process that differs from the traditional process already in place. In this article, we will look into some of the changes that may come in the next few years and what it means for buyers in Burlington.

Benefits of Living in and buying a home in Burlington

Before we delve into the new home-buying processes, let’s first take some time to understand what makes Burlington such an attractive place to live. This city offers plenty of amenities such as excellent schools, green spaces, local restaurants and cafes, lively pubs, shopping malls, and much more. Additionally, Burlington’s Lakeshore communities feature stunning waterfront scenery with picturesque views of the bay and bluff trails. The city is also home to several open parks and multi-use trails, making it perfect for young families and outdoor enthusiasts.

The Real Estate Market in 2023

Moving on to the real estate market in 2024, experts predict that things will only be getting better. Demand for homes in the Burlington area is expected to remain strong and inventory is expected to remain low. As a result, home prices are likely to continue rising. The average sale price in Burlington for a detached, single-family home was about $1,079,000 in 2020 and is expected to rise to $1.2 million in 2021.

The Luxury Home Buying Process in 2023

The new luxury home buying process in 2023 will involve increased services and support from local real estate agents. The best real estate agents will be very proactive in their approach by helping buyers find their dream home, negotiating price and staying in close contact with the lender for fast, successful closings. Here are some of the steps buyers can expect to go through in the upcoming process.

Research – When Buying a house in Burlington

The research process is arguably the most important step. This is when buyers should locate an experienced and qualified real estate agent, who can show buyers the best properties in their price range and also provide valuable market information. It’s also important to research lenders and available loan programs, if they haven’t already been pre-approved. Additionally, buyers should also consider their future living costs, start saving for a down payment, and, if necessary, get a mortgage pre-approval prior to the purchase.

Showings

Once buyers are pre-approved, their real estate agent can start to schedule showings for the properties that meet their criteria and match their budget. During the showings, buyers should make sure to take detailed notes and ask strategic questions of their real estate agent to ensure they are making the best decision for their needs.

Evaluation

The evaluation period is when buyers should closely inspect each property and thoroughly assess whether or not it is the ideal home for them. If the evaluation process reveals that it is the ideal home, buyers should THEN consider the following steps carefully:

Preparing an Offer

Now that buyers have identified the ideal home, they can begin preparing an offer. This step involves consulting with the real estate agent to decide whether to start by making a full-price offer or a low-ball offer. Buyers also need to provide a description of their desired closing date along with the earnest money they are willing to put down, which will typically range between 1–10% of the purchase price.

Negotiations and Counter-Offers

Once an offer is made, the seller will either accept it or make a counter-offer. Buyers should be aware that they have the option to counter-offer any proposed counter-offers from the seller. That said, buyers should always consider how much they are willing to pay for the property and be prepared to walk away if a counter-offer is too high for their budget.

Review and Signing

Once negotiations are complete and both buyers and sellers agree on the terms of the contract, the contract documents will be prepared for the buyer’s review and signature (typically done through a digital platform). Usually, buyers will have 24-48 hours to review the documents and discuss their contents with their agent. The agent will also review buyers’ closing costs, which are typically paid at the time of signing. Once both buyers and sellers have signed the documents, they will become binding and the sale will enter into its final phase.

Closing

The final phase prior to ownership is the closing of the sale. During this phase, buyers will be required to pay any closing costs that are due upon signing and submit their deed for recording at the local county clerk’s office. They will also need to arrange for any appropriate home inspections and other due diligence that may be necessary before finalizing the purchase. During this phase, buyers will also be given the opportunity to make a final walkthrough of the property to make sure everything is in order prior to closing.

In 2023, buyers in Burlington can expect to have access to a new, luxury home-buying process that is different from the traditional process. By doing their research, seeking out qualified real estate agents, carefully evaluating potential homes and being strategic when making offers, buyers can ensure that they make the right decision for their needs.

FAQ about Buying a House in Burlington

Q: What are the benefits of living in Burlington?
A: Burlington offers plenty of great amenities, such as excellent schools, green spaces, local restaurants, cafes, pubs, shopping malls, open parks and multi-use trails, and stunning waterfront scenery.

Q: What can home buyers expect from the real estate market in 2023?
A: Home prices are expected to remain strong in the Burlington area and rising. The average sale price for a detached, single-family home in Burlington was $1,079,000 in 2020 and is expected to rise to $1.2 million in 2021.

Q: How will the luxury home-buying process in 2023 differ from the traditional process?
A: Luxury home buyers in 2023 can expect to receive increased services and support from their real estate agents, who will be very proactive in helping buyers find their dream home, negotiating price and staying in close contact with the lender throughout the entire process.

Q: What steps should buyers go through when making an offer on a home?
A: Buyers should start by deciding on their earnest money amount and desired closing date, both of which they should discuss with their real estate agent in advance. Then, buyers should make an offer and may be required to make a counter-offer if the seller proposes one. Finally, buyers should review and sign the contract documents, which will then become legally binding.

Q: Is it important for buyers to do a final walkthrough of the property before closing?
A: Yes, it’s important for buyers to do a final walkthrough of the property before closing to make sure that the condition of the property still meets their expectations. This is the buyers’ last opportunity to address any issues or concerns before the sale is finalized.

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For sale $989,000

2141 Ghent Avenue

Burlington, Ontario

3 Bedroom 3 Bathroom 1513 sqft

Behold a stately setting as you drive up to this 3 bedroom freehold end unit townhouse set back on a deep lot with mature landscaping and having a driveway that is 3 cars long. Inside, the bright and airy living room carries the ambience of light hardwood floors and a natural gas fireplace. The adjoining dining room overlooks the backyard, and is conveniently located at one end of a functional galley kitchen. Upstairs the primary bedroom has dual closets with organizers, and a full ensuite bathroom. Two other generous sized bedrooms and the main bath complete the upper level. The lower level contains a spacious but irregular-shaped recreation room, as well as a spacious laundry area. Located in a quiet neighbourhood with a walk score of 70, a transit score of 58, and a bike score of 80 (per walkscore.com) the property lends to a casual lifestyle living. Tend to the ample perennial gardens and relax in their splendor - the inground sprinkler system will keep them flourishing. The downtown core of Burlington, with it's myriad of restaurants, coffee shops and boutique stores are an easy walking distance, as are the waterfront pier and Spencer Smith Park. Commuting is a breeze, walk to the GO, public transit, or use your car for easy HWY access if you must. You owe it to yourself to check out this well loved home, make your appointment now, no regrets. (id:51158)
Homes for sale in Burlington

For sale $2,250,000

431 Pomona Avenue

Burlington, Ontario

4 Bedroom 4 Bathroom 3935 sqft

One of a Kind Classic! 431 Pomona Avenue is a spacious classic home located at the end of a quiet street in South Burlington. This traditional center-hall colonial home has stunning curb appeal with its meticulously maintained gardens and a grand entryway. Situated on a spacious lot in the multimillion Roseland community, this property is a rare find and is ready for a new owner to make it their own. This highly desirable location offers easy access to downtown shops and restaurants, the Roseland Tennis club and is located in the Tuck & Nelson School districts, making it a suitable large family home. As you step inside, you'll find generous principal rooms that flow from the classic living and dining room into the large bright kitchen with skylight and large eating area. Located conveniently off the breakfast room is the cozy family room for casual gatherings. You will also find a classic front study with a wealth of bookshelves that could be used as a main floor bedroom. The owners have added a 3-piece bathroom with a shower on the main floor, This stately home totals 2,892 sq. ft above ground living space as well as an additional 1,043 of finished basement area. The second floor of this 4-bedroom home features a large primary bedroom suite with a 5-piece washroom and 3 double closets, all part of the 1988 addition. In addition to the original 3 bedrooms, there is an updated full bathroom with a glass shower and a bright second-floor laundry room with a skylight, utility tub, and sewing counter. The basement adds even more living space, with an all-purpose room, a full bath, a recreation room with a fireplace, and a large workshop and storage area. The property also includes a double garage with a mudroom entry and a private fenced-in yard full of mature trees and perennials. It's an opportunity not to be missed. (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $928,000

583 Turner Drive

Burlington, Ontario

3 Bedroom 2 Bathroom 1822 sqft

This is your chance to own a lovely 3-bedroom freehold semi in sought-after South Burlington—no condo fees! Enjoy a private, inviting backyard and a nicely updated home. The spacious foyer welcomes guests warmly. The bright kitchen overlooks the backyard, offering ample counter space and an open flow to the dining area, which also has a view of the backyard. Entertaining is easy with patio doors leading to an oversized deck. The dining room connects to a large, light-filled living room with an oversized window. Hand-scraped engineered hardwood graces the hallway, family room, and dining room (2018). Upstairs are 3 well-sized bedrooms, including a master with a feature wall. This level includes an updated 4-piece bathroom and a linen closet, with hardwood floors extending into the bedrooms and hallway (2021). The basement features a spacious recreation room, a bar area, laminate floors (2018), a 2-piece bathroom, laundry, and storage areas—perfect for relaxation. Recent upgrades: Fridge (2016), Stove (2018), A/C (2009), Furnace (2008), Windows (2015), Roof (2020), Deck & Sliding Door (2017), Shed (2023). Located on a quiet street, you're steps from the Centennial Trail, which leads to downtown Burlington. Close to the GO train, parks, schools, restaurants, and with easy highway access. (id:51158)
Homes for sale in Burlington

For sale $1,298,000

5240 Meadowhill Road

Burlington, Ontario

3 Bedroom 2 Bathroom 2075 sqft

Sought after White Pines neighborhood is home to this wonderful family home loaded with comfortable charm. Immaculate updated 3 level side split situated on a premium sprawling private mature lot in highly desirable SE pocket of Elizabeth Gardens within walking distance to lake. Upgrades include roof (2015), windows ( 2005-2017 ) main bath (2020 ) primary retreat ( 2021 ) HVAC ( 2008 ), freshly painted throughout. Approximately 2,237 of finished open concept living space that includes rustic main floor den/sunroom with fireplace, kitchen is open to dining and living rooms, gorgeous primary retreat, above grade oversized family room. Kitchen has been refreshed boasting a breakfast bar, ample counter and cupboard space. Three bedroom plan easily converts back to original four bedrooms. Oversized windows throughout affords an abundance of natural light, two walk-outs for easy access to a fabulous back garden retreat that includes gas firepit, convenient garden shed, huge family size deck surrounded by perennial gardens. Easy flow throughout all levels with patio door access from kitchen to grade level patio, idea for entertaining. Lower level offers walk-up access, workshop/utility room with ample storage. Fantastic mature location in a highly sought after school district, steps to parks, shops, gourmet grocers and dining. Minutes to Appleby Go and easy highway access. Well maintained, move in and enjoy or add your personal touch. Amazing opportunity to a fabulous neighborhood. (id:51158)
Homes for sale in Burlington

For sale $1,899,900

2134 New Street Unit# 1

Burlington, Ontario

4 Bedroom 4 Bathroom 3610 sqft

Welcome to Red Path Place – where luxury meets convenience, just steps from downtown Burlington and the serene lakefront, nestled in an exclusive enclave of upscale homes. This meticulously crafted two-story residence blends elegance with modern functionality. The home’s stunning façade showcases timeless stonework, huge windows, and stone pillars flanking a concrete and aggregate driveway, for spectacular curb appeal. As you enter, the exposed aggregate walkway enhances the charm and leads to over 3,500sqft of finely detailed living space. Inside, the home features luxurious finishes, including rich hardwood floors, soaring 9-foot smooth ceilings, and 8-foot interior solid wood doors. The open-concept main floor centers around a grand 9-foot gas fireplace with bookmatched stone surround, creating a warm and inviting living area. The chef’s kitchen is an entertainer’s dream, boasting Thermador appliances, Caesarstone countertops, a Brizo pot filler and European-style cabinetry. A dedicated main-floor office provides the perfect work-from-home retreat. The second level primary bedroom suite offers an oasis of relaxation with large windows, a custom walk-in closet, and a spa-like ensuite. Convenience continues on the second floor with 2 additional bedrooms, a well appointed 5pc bathroom, and a spacious laundry room. The fully finished lower level is ideal for entertainment, featuring a family room, media room, an additional bedroom and a full bath. Storage and a cold cellar complete the space. Step outside to the fenced backyard, where a newly installed composite deck offers built-in seating and storage, perfect for outdoor dining or lounging. An integrated irrigation system ensures the landscaping remains lush year-round. Situated within walking distance of Burlington’s vibrant downtown, parks, shops, and restaurants, and just moments from the lake, this home combines high-end living with everyday convenience. (id:51158)
Homes for sale in Burlington

For sale $2,999,999

4316 Derry Road

Burlington, Ontario

3 Bedroom 4 Bathroom

Welcome to your secluded haven at 4316 Derry Road, Burlington, just minutes from Milton! This custom home on 10+/- acres boasts private walking trails and luxurious living. Seamlessly blending elegance with nature, this three-bedroom, four-bathroom villa is a must see! Enjoy captivating escarpment views and easy access to the Rattlesnake Conservation area. Indulge in the renovated kitchen with quartz countertops, alongside amenities like an indoor pool, sauna, tennis court, and pond. The hand-carved barnwood exposed beams throughout the home infuse a rustic charm, perfectly balancing with the modern updates that provide contemporary convenience and amenities. Recent upgrades, including newer windows and bathrooms, enhance the allure of this retreat. Recent enhancements such as a new carport (2024), exterior lighting, fire pit, freshly painted tennis court and pergola elevate the outdoor experience. NEC approval for 1698 square foot addition, details and drawings provided upon request. Updates in 2023 brought new flooring, carpets, and kitchen improvements, while the pool area was revamped in 2022-23. RSA. (id:51158)
Homes for sale in Burlington

For sale $2,988,000

4052 Apple Valley Lane

Burlington, Ontario

5 Bedroom 5 Bathroom 4974 sqft

Welcome to this custom-built masterpiece nestled in the heart of the highly sought-after Shoreacres community in South Burlington and within the prestigious Tuck/Nelson school district. Spanning an impressive 5,000 square feet of thoughtfully designed living space, this home exudes luxury and elegance at every turn. As you step inside, you'll be greeted by stunning hardwood floors, beautifully detailed ceilings, and exquisite crown molding. An abundance of windows throughout the home fills each room with natural light, enhancing the warm and inviting atmosphere. The Misani open-concept kitchen is a chef’s dream, equipped with top-of-the-line appliances and finished with the finest materials. The spacious floor plan offers seamless flow between the large principal rooms, perfect for both everyday living and entertaining. The main living area features a striking cast limestone fireplace, adding a touch of sophistication to the space. Venture downstairs to the fully finished lower level, designed with comfort and style in mind. Outside, the professionally landscaped private backyard is a true oasis. It boasts a luxurious cabana, a stone-surrounded saltwater pool with a waterfall feature, and plenty of space for outdoor gatherings and relaxation. This exceptional home is packed with high-end upgrades and designer features, making it the perfect blend of form and function. This is the home you've been dreaming of—don’t miss your chance to own a piece of paradise in Shoreacres. (id:51158)
Homes for sale in Burlington

For sale $1,998,000

4504 Hawthorne Drive

Burlington, Ontario

5 Bedroom 4 Bathroom 3584 sqft

This beautiful and classic two-story home is located in the desirable Shoreacres community, nestled on a mature, tree-lined street. Offering 4+1 bedrooms, 3.5 baths, and a private backyard oasis complete with an inground pool, this residence provides the perfect blend of luxury and comfort. Spanning nearly 3,500 square feet of finished living space, this home sits on a large, picturesque property, making it ideal for families seeking to reside in one of Burlington’s premier neighborhoods. The main floor features a flowing layout with hardwood flooring throughout and generously sized principal rooms. The spacious custom kitchen, bathed in natural light, boasts a view and walkout to the backyard and patio. It seamlessly opens to the dining and living areas, creating an inviting space perfect for family gatherings. The cozy family room, with its gas fireplace, offers a warm and welcoming ambiance. Upstairs, the second floor comprises four large, carpet-free bedrooms and two full baths, providing ample space for a growing family. The lower level serves as a versatile fun retreat, complete with a games room, exercise room, additional bedroom, and bath. The backyard is private, lush, and inviting. This home truly epitomizes the best of family living. Nelson HS District. Furnace and A/C - new in 2019, Central Vac- New in 2022, Washer Dryer - New in 2023, Updated Windows, Appliances, Flooring. Pool heated by SOLAR, solar blanket, safety cover. HWT is OWNED, Upgraded Insulation. (id:51158)
Homes for sale in Burlington

For sale $989,900

2215 Cleaver Avenue Unit# 6

Burlington, Ontario

3 Bedroom 3 Bathroom 1452 sqft

Beautiful end-unit, spacious townhome backing onto a ravine. As you walk in, you'll notice the abundance of natural light shining through the large windows. The main floor features a formal dining room, a living room with a cozy gas fireplace, and hardwood floors, along with the kitchen with all new appliances (2023). You can walk out to a private, spacious deck accessible from both the living room and kitchen that leads to an interlock patio overlooking the peaceful ravine. A convenient 2-piece bathroom completes the main level. Upstairs, the hardwood floors continue, leading to a large primary bedroom with a walk-in closet and a 3-piece ensuite featuring heated floors. Two additional good-sized bedrooms and another full bathroom with heated floors make the upper level feel spacious and comfortable. The fully finished basement offers a versatile space with a wet bar/kitchenette, perfect for guests or potential in-law accommodation, along with a full bathroom that includes a walk in shower and a large recreational room. The driveway accommodates two cars side by side, and the 1.5-car garage provides room for a vehicle and extra storage, with an inside entry for added convenience. Ideally located within walking distance to shopping, schools, parks, and more. (id:51158)
Homes for sale in Burlington

For sale $900,000

2293 Glenwood Drive

Burlington, Ontario

2 Bedroom 1 Bathroom 795 sqft

Welcome to 2293 Glenwood School Drive, Burlington Nestled in the heart of Burlington, this exquisite 2-bedroom bungalow rests on an expansive half-acre lot, measuring an impressive 75 x 290 feet, surrounded by mature trees that create a tranquil and private retreat. The charming sunroom adds unique character and provides an ideal work-from-home space. With the potential for a single detached home or multiple residential dwellings, this property offers both versatility and investment promise. The location is equally appealing, with convenient access to urban amenities, transportation, and nature. Residents will enjoy proximity to shopping centers, restaurants, cafes, and recreational facilities, all enhancing day-to-day living. Strategically positioned with dual access points to the QEW, just minutes from the Burlington GO Station and major shopping centers, and a short distance to the picturesque lakefront, this property blends convenience with serenity. In summary, 2293 Glenwood School Drive presents a rare opportunity for a refined lifestyle, combining urban accessibility with the peace of natural surroundings an irresistible choice for those seeking the best of Burlington living. (id:51158)
Homes for sale in Burlington

For sale $535,000

1270 Maple Crossing Boulevard Unit# 603

Burlington, Ontario

2 Bedroom 2 Bathroom 970 sqft

Two bedroom condo for sale at The Palace in the Burlington core. This condo offers an open, bright layout and lots of space. Both bedrooms have access to the sunroom which would make a great computer niche. Well thought out updates including ceramic flooring, quality laminate, paint, baseboards and closet doors. The Palace has one of the most impressive lists of on site amenities including cardio and weight room, squash, tennis and racquetball court, bike storage, outdoor pool, ping pong, saunas and suntanning bed! Controlled entry and onsite concierge as well as plenty of visitor parking. Enjoy a true walkable neighbourhood! Just minutes to downtown Burlington with easy access to fine restaurants, boutiques and Burlington's waterfront trail. Public library and Performing Art Centre nearby. Wonderful area trails to support an active lifestyle. Convenient proximity to major highways, GO Station, and Mapleview Mall. Pet-free building. (id:51158)
Homes for sale in Burlington

For sale $1,500,000

804 Shadeland Avenue

Burlington, Ontario

3 Bedroom 2 Bathroom 1736 sqft

This farmhouse, Situated On A Double 107 By 206 Lot, is a dream retreat within the city! ( Double Lot Registered On Geowarehouse As Lot 75 & Lot 76) With its spacious lot backing onto a ravine, it offers a serene escape from urban life surrounded by nature's beauty. And with 3 bedrooms and 2 bathrooms, it provides comfortable living accommodations. The main floor, with its lovely kitchen, dining area, and living room, seems like a cozy hub for daily life. The sitting area offers incredible views of the surrounding landscape, creating a peaceful atmosphere. The location is ideal with proximity to Lake Ontario, parks, a marina, and a golf club, offering plenty of opportunities for outdoor recreation. And with easy access to major highways and downtown, it strikes a balance between convenience and tranquility. This home is a perfect blend of countryside charm and urban convenience, offering a lifestyle that's both refreshing and convenient. (id:51158)
Homes for sale in Burlington

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