2602 No 2 Side Road, Burlington, ON
Rural Burlington, Burlington · MLS® W13067970
About this home
Set on an exceptional 2-acre parcel in the coveted Mount Nemo community of North Burlington, this property offers a rare opportunity to live, invest, or build. Backing onto prestigious Bluffs Estates and surrounded by mature trees and scenic trails, the setting delivers a peaceful, Muskoka-inspired lifestyle just minutes to Dundas Street, major highways, shopping, golf, and steps to the Bruce Trail. The existing residence is a well-maintained 2+1 bedroom bungalow offering approximately 1,923 sq ft on the main level, plus a finished lower level. A bright, functional layout features a spacious living room with a large picture window, wood-burning fireplace, and feature brick wall. The dining room includes built-in cabinetry and overlooks the picturesque grounds, while the kitchen offers Corian countertops, ceramic flooring, and a window above the double sink. Two bedrooms are tucked into a private wing, alongside an updated main bathroom with walk-in shower. A separate main-level wing with its own entrance provides in-law or multi-generational living potential, featuring an oversized open-concept space, kitchenette, wood-burning stove, and multiple access points. The lower level adds further versatility with a recreation room, additional bedroom, and laundry. For those seeking to create a true estate-calibre residence, plans are available for a custom home offering just under 13,000 sq ft of combined gross floor area including parking for 5 cars. This represents a rare opportunity to establish a landmark estate within one of North Burlington's most coveted natural settings. Renowned builder Ambassador Fine Custom Homes has been engaged, bringing proven expertise and a deep understanding of the property. With approvals in final stages and expected in the coming months, this offering presents a unique opportunity to expedite the development timeline and move forward with confidence alongside an experienced builder. Comprehensive due diligence has been completed.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13067970
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 1
- Size
- 1500-2000
- Lot
- 198.42 × 441.27 ft
- Cross streets
- Guelph Line / Side Road 2
- Parking
- 6 parking
- Driveway
- Private Double
- Basement
- Full, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Metal
- Sewer
- Septic
- Pool
- Inground
- Property tax
- $7,586 / 2026
- Days on market
- 77
- Listing brokerage
- CENTURY 21 MILLER REAL ESTATE LTD.
Rooms
Listed at $2,295,000, this home is about 35% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Rural Burlington, so I widened the search to the surrounding area.
Based on 7 similar homes nearby, adjusted for size, beds, and baths.Median of 7 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.68M, a close match.
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 $2.00M
- Bathrooms −$15K
- Adjusts to $1.98M
That comparable adjusts to $1.98M; the $1.70M estimate above is the median of all 7 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. Walkers at Thomas Alton is about a 49-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $1.70M, median of 7 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.
- Open-concept layout: modern, sought-after flow.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Lifestyle
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 25% above the area average of $1,047/sqft.
67 days longer than the Burlington average (10 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Rural Burlington, 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.
🚉 Nearest transit: Walkers at Thomas Alton, about 4.0 km away
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 $1,836,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $9,798
- Property tax
- $632
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $10,430
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $43,850
- Estimated closing costs
- $43,850
Plus your down payment of $459,000. 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
- $587,855
- Principal paid down
- $233,815
- Interest paid
- $354,040
- Balance remaining
- $1,602,185
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
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 CENTURY 21 MILLER REAL ESTATE LTD.. MLS®/PropTx.