298 Strathcona Drive, Burlington, ON
Shoreacres, Burlington · MLS® W13502246
About this home
Located in Burlington's sought-after Shoreacres community, this custom modern residence offers an exceptional blend of design, function and lifestyle. Set on a deep 70 x 195 ft lot, just minutes from the lake, parks, top-rated schools and everyday amenities, this home delivers luxury living in one of South Burlington's most desirable neighbourhoods. Inside, the attention to detail is evident from the moment you enter the two-storey foyer, with white oak flooring, custom millwork, integrated lighting and a striking open-riser staircase. The main level is designed for entertaining, featuring a glass-enclosed wine room, expansive living and dining areas, and a showpiece kitchen with custom oak cabinetry, oversized quartz island, JennAir range, panelled appliances, hidden walk-in pantry and concealed prep kitchen. Upstairs, the primary suite feels like a private retreat with vaulted ceilings, treetop views, a custom dressing room, spa-inspired ensuite and private office. Three additional bedrooms include built-ins, stylish bath access and elevated finishes throughout. The fully finished walk-up lower level adds incredible versatility with heated floors, a large recreation space, full bar, glass-enclosed gym, guest/in-law suite and direct access to the covered lounge, hot tub and backyard. Outside, enjoy a resort-style setting with a heated saltwater pool, waterfall feature, outdoor kitchen, fire table, cedar fencing, mature landscaping and architectural lighting. A rare offering in Shoreacres with standout design, premium finishes and an unforgettable backyard experience. Luxury Certified.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13502246
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000
- Lot
- 70 × 195.61 ft
- Cross streets
- Lakeshore Rd.
- Parking
- 15 garage · 55 parking (attached)
- Driveway
- Private Double
- Basement
- Finished with Walk-Out, Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster), Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle, Flat
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $19,483 / 2026
- Days on market
- 18
- Listing brokerage
- RE/MAX Escarpment Realty Inc., Brokerage
Rooms
b/i bar · w/o to yard
5 Pc Ensuite
3 Pc Ensuite
Listed at $4,199,000, this home is about 7% above what comparable homes suggest. 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. The city (MPAC) assessment points to about $4.46M, a bit higher.
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 $2.70M
- Bedrooms +$30K
- Bathrooms +$15K
- Adjusts to $2.74M
That comparable adjusts to $2.74M; the $3.93M 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. New at Longmoor is about a 7-minute walk away.
Total price vs nearby homes. Fair value about $3.93M, 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.
- Heated floors: comfort and a premium-finish signal.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Lifestyle
- Weigh carefully
- Worth verifying
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 14% above the area average of $864/sqft.
8 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 Longmoor, about 530 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 $3,359,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $17,926
- Property tax
- $1,624
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $19,550
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $91,450
- Estimated closing costs
- $91,450
Plus your down payment of $839,800. 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
- $1,075,556
- Principal paid down
- $427,795
- Interest paid
- $647,761
- Balance remaining
- $2,931,405
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., Brokerage. MLS®/PropTx.