516 Markay Common, Burlington, ON
Brant, Burlington · MLS® W13153676
About this home
Set within an intimate enclave of architecturally refined custom homes on a private road, this boutique lakeside community offers a rare alternative to the typical "sea of houses" often found in newer developments. Here, homeowners enjoy a more private, distinctive setting just steps to the waterfront, trails, parks, and Joseph Brant Hospital. Built by Markay Homes, these residences combine luxury craftsmanship with one of South Burlington's most walkable lakefront lifestyles. A rare opportunity to own a new custom home in an exclusive, limited collection near the lake.This newly built custom home in Bellview by the lake offers 2,535 sq ft above grade plus a beautifully finished 720 sq ft lower level, blending sophisticated design with upscale craftsmanship. Interior highlights include 9' smooth ceilings on the main and upper levels, taller interior doors, hardwood flooring, oak staircases with wrought iron pickets, a chef-inspired kitchen with quartz surfaces, and elegantly appointed bathrooms. A separate entrance leads to the finished basement which extends the living space with a large recreation area, full bathroom, and a versatile office or additional bedroom perfect for guests, multi-generational living, or a private work-from-home setup.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13153676
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000
- Lot
- 40 × 124 ft
- Cross streets
- Maple Ave.& North Shore Blvd E
- Parking
- 1 garage · 3 parking (built-in)
- Basement
- Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Days on market
- 57
- Listing brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Rooms
quartz counter · stainless steel appl
hardwood floor · b/i shelves
hardwood floor · closet
5 pc ensuite · hardwood floor · walk-in closet(s)
hardwood floor · open concept
hardwood floor · closet
vinyl floor · closet
hardwood floor · closet
hardwood floor · open concept
combined w/kitchen · hardwood floor · overlooks backyard
vinyl floor · pot lights
Listed at $1,896,900, this home is right in line with comparable homes. 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 $1.89M
- Adjusts to $1.89M
That comparable adjusts to $1.89M; the $1.89M 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, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. 1169 North Shore is about a 4-minute walk away.
Total price vs nearby homes. Fair value about $1.89M, 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Income potential
- 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 11% below the area average of $774/sqft.
47 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
WalkableA 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.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: 1169 North Shore, about 347 m 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 $1,517,520 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,098
- Property tax
- $1,186
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,284
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $34,413
- Estimated closing costs
- $34,413
Plus your down payment of $379,380. 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
- $485,883
- Principal paid down
- $193,257
- Interest paid
- $292,626
- Balance remaining
- $1,324,263
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.