4042 Melba Lane, Burlington, ON
Shoreacres, Burlington · MLS® W13456472
About this home
Extensively renovated (2026) family home on idyllic tree lined street in sought after Shoreacres in South Burlington! Generously sized (1558 sqft above grade + 676sqft lower level) on a large corner lot with mature gardens & trees. Welcoming curb appeal continues as you enter the home. Main floor foyer features triple coat closet with built in organizers & alcove with shoe bench (with under storage). The living room boasts hardwood, 4 large windows, wood burning fireplace with surround, crown moulding and flows into the dining room. The dining room is adorned by a modern chandelier, walks out to the back deck & opens to the kitchen. The kitchen is finished with quartz countertops & backsplash, double undermount SS sink with brass faucet, 2 modern light fixtures, newly installed cabinetry with undermount lighting & brass hardware. SS appliances include LG fridge/freezer with water/ice dispenser, Samsung stove with exhaust hood, Samsung dishwasher, & microwave. Small number of stairs lead to upper level with roomy bedrooms including primary with hardwood, smooth ceiling, double closet with shaker style doors & solid wood bedroom door. Lux main bathroom with 24' tile floor, vertical porcelain subway tiles, "brushed gold colour" fixtures including rain style shower head & oversized vanity with custom quartz counter. 2 additional bedrooms & convenient linen closet on upper level. Ground level is a versatile space for a home office or family room with hardwood floors, walkout to backyard, inside garage entry, and 3 piece bath. Lower level offers a great rec room with premium vinyl floor, pot lighting & smooth ceiling. Also provides a flexible den/office/bedroom, laundry (new LG W&D), and rough-in for future bath. Outside you'll find a backyard and sideyard with limitless potential. The backyard is very private and accessible via 2 walkouts. The sideyard is very underutilized at the moment, but can be transformed with fencing & landscaping to unlock an amazing large space!
Key facts
- Property type
- Detached, Sidesplit 4
- MLS®
- W13456472
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 2
- Size
- 1500-2000
- Lot
- 104 × 73 ft
- Cross streets
- Spruce Ave and Walkers Line
- Parking
- 1 garage · 3 parking (attached)
- Driveway
- Private
- Basement
- Full, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick Veneer, Aluminum Siding
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,650 / 2026
- Days on market
- 30
- Listing brokerage
- Royal LePage Real Estate Services Ltd., Brokerage
Rooms
4 pc bath · quartz counter · large window
hardwood floor · quartz counter · double sink
vinyl floor · pot lights · window
3 Pc Bath
hardwood floor · brick fireplace · large window
hardwood floor · double closet · large window
hardwood floor · double closet · large window
vinyl floor · laundry sink
hardwood floor · walk-out · open concept
hardwood floor · double closet · large window
vinyl floor · pot lights
hardwood floor · walk-out · 3 pc bath
Listed at $1,329,000, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 28 similar homes nearby, adjusted for size, beds, and baths.Median of 28 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.47M, a bit lower.
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 $2.05M
- Bathrooms −$30K
- Adjusts to $2.02M
That comparable adjusts to $2.02M; the $1.66M estimate above is the median of all 28 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. New at Walkers is about a 7-minute walk away.
Total price vs nearby homes. Fair value about $1.66M, median of 28 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.
- 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.
- Corner lot: more light and frontage, sometimes at the cost of privacy.
- Value driver
- Lifestyle
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 26% below the area average of $1,026/sqft.
20 days longer than the Burlington average (10 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Shoreacres, 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: New at Walkers, about 553 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
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 $1,063,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,674
- Property tax
- $554
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,228
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $23,055
- Estimated closing costs
- $23,055
Plus your down payment of $265,800. 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
- $340,418
- Principal paid down
- $135,399
- Interest paid
- $205,019
- Balance remaining
- $927,801
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 Royal LePage Real Estate Services Ltd., Brokerage. MLS®/PropTx.