518 Markay Common, Burlington, ON
Brant, Burlington · MLS® W12441132
About this home
New Home in Burlington! This exclusive community of custom homes on a private road just steps from the waterfront, trails, and Joseph Brant Hospital. Built by Markay Homes, these residences combine luxury finishes with a prime lifestyle location. Unique opportunity to enjoy lakeside living in South Burlington. The Bateman Model (2535 sq.ft. + 720 sq.ft. in basement( features 9' smooth ceilings on the first and second floor with heightened interior doors, hardwood flooring, oak staircases with wrought iron pickets, and a gourmet kitchen with quartz countertops. Spa-inspired bathrooms and high-end details are showcased throughout. The fully finished lower level offers an office or bedroom, recreation room, and full bath-ideal for guests, in-laws, or home office use.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W12441132
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000
- Lot
- 37 × 102 ft
- Cross streets
- Maple Ave. & North Shore Blvd E
- Parking
- 1 garage · 3 parking (built-in)
- Driveway
- Private
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Days on market
- 288
- Listing brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Rooms
broadloom · closet
broadloom · closet
broadloom · closet · pot lights
broadloom · pot lights
hardwood floor · open concept
combined w/kitchen · hardwood floor · overlooks backyard
broadloom · 5 pc bath · walk-in closet(s)
quartz counter · stainless steel appl · pantry
broadloom · closet
hardwood floor · b/i shelves · pot lights
hardwood floor · b/i shelves · open concept
Listed at $1,884,955, this home is about 1% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.90M
- Adjusts to $1.90M
That comparable adjusts to $1.90M; the $1.90M estimate above is the median of all 5 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On location, this is a more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $1.90M, median of 5 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 12% below the area average of $775/sqft.
278 days longer than the Burlington average (10 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Brant, Burlington, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Almost all errands require a car.
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Burlington.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $1,507,964 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,047
- Property tax
- $1,178
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,225
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $34,174
- Estimated closing costs
- $34,174
Plus your down payment of $376,991. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $482,823
- Principal paid down
- $192,040
- Interest paid
- $290,784
- Balance remaining
- $1,315,924
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS®/PropTx.