2602 No 2 Side Road, Burlington, ON
Rural Burlington, Burlington · MLS® W13067970
About this home
In short
- 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.
- 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 separate main-level wing with its own entrance provides in-law or multi-generational living potential, featuring an oversized open-concept space, kitchenette...
- 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...
- 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...
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
- 2+1 (3 total)
- Bathrooms
- 1
- Size
- 1500-2000 sq ft
- 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
- 144
- Listing brokerage
- CENTURY 21 MILLER REAL ESTATE LTD.
Rooms
Listed at $2,295,000. Going by how homes in Rural Burlington and the wider GTA have actually closed against their asking prices (about 95%, 12 local closings in 90 days), the likely sale price is near $2.18M, if it sells. A realistic range is $2.05M to $2.46M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The listing describes about 13,000 sq ft, while the size on record is 1500 to 2000 sq ft.
Longer on the market than typical. 144 days on the market against about 51 for homes like it here, and asking 59% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $2.18M, from 12 recent closings in this pocket.
The market behind the math:
About 2 months of inventory: 8 detached homes for sale in the area against 12 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,311/sqft against an area asking average of $1,111/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 12 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.53M. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Open-concept layout: modern, sought-after flow. Lifestyle
- Development potential: upside only if zoning permits, verify with the city before relying on it. Worth verifying
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Rural Burlington, so I widened the search to the surrounding area.
Based on 12 comparable homes that sold in Rural Burlington over the past two years, from 74 closings there.
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.79M, which is where my estimate comes from.
Per square foot, these ask about $1,192/sqft; this home lists at $1,311/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesNeighbourhood & location
Rural Burlington, Burlington, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 4.24% via Ratehub.ca (as of September 23, 2026); conventional rates run a little higher.
Mortgage amount $1,836,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,050
- Property tax
- $632
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $10,682
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
- $602,987
- Principal paid down
- $227,008
- Interest paid
- $375,980
- Balance remaining
- $1,608,992
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 numbersThe last 7 whole-home leases in Rural Burlington signed at a median of $3,500 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,250. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
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.