497 Townsend Avenue, Burlington, ON
LaSalle, Burlington · MLS® W14081356
About this home
In short
- Magnificent bungalow with outstanding curb appeal that blends classic charm and timeless décor with modern updates on a generous corner lot in sought-after South...
- The main level features a functional kitchen with a breakfast bar, an elegant formal dining area, a bright living room anchored by a fabulous fireplace, two spacious...
- The fully finished lower level expands your living space with a recreation room, a third bedroom, additional space for a home office or workout area, a 3-piece...
- The mature, tree-lined exterior of the home features a fully fenced private backyard with beautiful gardens and a stunning deck that is ideal for outdoor enjoyment...
Magnificent bungalow with outstanding curb appeal that blends classic charm and timeless décor with modern updates on a generous corner lot in sought-after South Aldershot. The main level features a functional kitchen with a breakfast bar, an elegant formal dining area, a bright living room anchored by a fabulous fireplace, two spacious bedrooms and a stunning 4-piece bathroom. The fully finished lower level expands your living space with a recreation room, a third bedroom, additional space for a home office or workout area, a 3-piece bathroom, a dedicated laundry room and a utility room with plenty of storage. The mature, tree-lined exterior of the home features a fully fenced private backyard with beautiful gardens and a stunning deck that is ideal for outdoor enjoyment and entertaining. A large, detached garage and driveway that is accessed off a quiet cul-de-sac provides enough parking for up to four cars. Meticulously maintained and full of character, the entire property offers superior quality through extensive structural and mechanical updates and unmatched attention to detail. Set in one of Burlington's most desirable mature neighborhoods, this home is steps from a beautiful neighborhood park and minutes from top-rated schools, premium shopping and major highways.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W14081356
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 70 × 125 ft
- Cross streets
- King Road
- Parking
- 1 garage · 4 parking (detached)
- Driveway
- Private
- Basement
- Full, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Other, Stucco (Plaster)
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,082 / 2026
- Listing brokerage
- ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Rooms
Listed at $1,179,900. Going by how homes in LaSalle and the wider GTA have actually closed against their asking prices (about 98%, 21 local closings in 90 days), the likely sale price is near $1.15M, if it sells. A realistic range is $1.08M to $1.30M.
Independent value check: $1.12M. Without looking at the asking price, our model values the home itself about 5% below the ask (homes like it typically land between $1.05M and $1.18M).
Why $1.12M. The typical detached home sold in LaSalle over the past year went for about $1.20M (86 sales). What sets this one apart:
- ▼ Lowers it2+1 bedrooms and 2 baths, against 3+1 and 3 typically.
- ▼ Lowers itIt is 1,100 to 1,500 sq ft; the typical home sold here is 1,500 to 2,000.
- ▼ Lowers it slightlyIts tax bill, which follows the city's own assessment, is $6,082 a year; the typical home sold here pays about $6,300.
Total price vs nearby homes. Likely closing about $1.15M, from 21 recent closings in this pocket.
The market behind the math:
About 0.7 months of inventory: 5 detached homes for sale in the area against 21 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $908/sqft against an area asking average of $674/sqft.
- Corner lot. Two street frontages: more to landscape, shovel and mow, and more exposure to traffic, wind and headlights at night. Buyers price that against an interior lot on the same street, so I read this one on the cautious side and confirm the setting in person.
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 21 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.12M. 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.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Corner lot: more light and frontage, sometimes at the cost of privacy. Weigh carefully
Based on 21 comparable homes that sold in LaSalle over the past two years, from 188 closings there.
Nothing 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 $1.12M, which is where my estimate comes from.
Per square foot, these ask about $708/sqft; this home lists at $908/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in LaSalle: $995K in September 2026, up 6% from a year ago, on 87 closings in 10 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.09M | 12 |
| November 2025 | $1.21M | 5 |
| December 2025 | $925K | 5 |
| February 2026 | $1.38M | 6 |
| March 2026 | $1.45M | 8 |
| April 2026 | $1.21M | 8 |
| May 2026 | $2.42M | 7 |
| June 2026 | $1.25M | 16 |
| July 2026 | $1.06M | 10 |
| September 2026 | $995K | 10 |
Neighbourhood & location
LaSalle, 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
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $943,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,219
- Property tax
- $507
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,726
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,073
- Estimated closing costs
- $20,073
Plus your down payment of $235,980. 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
- $313,146
- Principal paid down
- $115,330
- Interest paid
- $197,816
- Balance remaining
- $828,590
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 18 whole-home leases in LaSalle signed at a median of $3,043 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,216. 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 ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES. MLS®/PropTx.