225 St. Paul Street, Burlington, ON
Brant, Burlington · MLS® W13469420
About this home
Some homes are simply lived in. This one is experienced. Tucked into one of Burlington's most coveted waterfront pockets, the Burlington Boathouse is as iconic as they get - stunning water views, a peaceful setting, a 15-minute stroll to downtown. This 1938 Art Moderne residence has been fully transformed into a turnkey, income-producing trophy property. All units are currently vacant, allowing immediate occupancy, renovation, or the opportunity to lease at current market rents. Three fully furnished, self-contained designer-appointed executive suites with separate entrances. One unforgettable address. Endless possibility. The Captain's Quarters - 1,775 square feet. Two bedrooms anchored by a show-stopping living room with gas fireplace, made for evenings that feel like a postcard. French doors swing open onto a private lake-view patio. The Upper Deck - 2,008 square feet. A single-bedroom suite with gourmet kitchen, two full baths and a private rooftop terrace with panoramic lake views you'll want to show off -these outdoor living spaces are rare and cannot be replicated with new building by-laws. The Galley - 1,172 square feet. A single-bedroom suite with living and dining beside a gas fireplace, and a spa-like bath that feels like a daily escape. This isn't just a beautiful home - it's a fully operational, multi-suite revenue property with potential to return to a single-family residence. Whether you're an investor chasing cash flow, a multi-generational family wanting separate-but-connected living or a buyer who wants the kind of property people dream about owning on the water - this is the one. A legacy property with eight decades of character and a fully modern engine underneath. Properties like this don't come up often.
Key facts
- Property type
- Detached, 2 1/2 Storey
- MLS®
- W13469420
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 4
- Size
- 2500-3000
- Lot
- 74.89 × 132.18 ft
- Cross streets
- Guelph Line & Lakeshore
- Parking
- 6 parking
- Basement
- Apartment, Finished
- Kitchens
- 3 (2 + 1)
- Heating
- Forced Air
- A/C
- Central Air, Wall Unit(s)
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete Block, Poured Concrete
- Roof
- Asphalt Shingle, Tar and Gravel
- Sewer
- Sewer
- Property tax
- $11,241 / 2026
- Days on market
- 28
- Listing brokerage
- RE/MAX ESCARPMENT REALTY INC.
Rooms
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairOn location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Lakeshore at St Paul is about a 1-minute walk away.
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.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Value driver
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 homes18 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
Somewhat 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.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: Lakeshore at St Paul, about 87 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 $3,120,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $16,649
- Property tax
- $937
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $17,586
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $83,975
- Estimated closing costs
- $83,975
Plus your down payment of $780,000. 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
- $998,969
- Principal paid down
- $397,333
- Interest paid
- $601,636
- Balance remaining
- $2,722,667
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 RE/MAX ESCARPMENT REALTY INC.. MLS®/PropTx.