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Summerhill Prestige Real Estate Ltd.

5123 Lakeshore Rd., Burlington, Ont.

Asking price: $3.1-million

Selling price: $2.7-million

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Previous selling price: $2,030,493 (2013)

Taxes: $18,920 (2019)

Days on the market: 27

Listing agents: Dina Maglietta and David Knox, Summerhill Prestige Real Estate Ltd.

The action

The home's great room has a 20-foot ceiling, Palladian windows and a gas fireplace.

Summerhill Prestige Real Estate Ltd.

A couple of agents tried and failed to sell this custom home on a 100-by-143-foot lot before a new team took it on in mid-January. Judging that previous agents had priced the home too low, they set a more ambitious asking price.

A Facebook search shows the home was listed with an asking price of $2,998,000 in March, 2019. Later in the year, it was reduced to $2,888,000.

“Sometimes you can be priced too low and you get the wrong buyers,” agent David Knox said.

Story continues below advertisement

“Or it’s misrepresented by being priced too low because someone might assume it’s smaller or not as attractive. So we priced it to where we felt true market value was in representing the home,” co-listing agent Dina Maglietta said

What they got

A chandelier hangs in the great room.

Summerhill Prestige Real Estate Ltd.

This two-storey house was built less than 10 years ago with a French château-inspired exterior, a triple garage and multiple entrances, including one from the backyard to the eat-in kitchen.

The main foyer separating the living and dining rooms features a 26-foot ceiling and a Scarlett O’Hara-style staircase to the four bedrooms upstairs.

The great room toward the rear of the house has a 20-foot ceiling, Palladian windows and a gas fireplace.

There is also a main floor den and a guest room containing one of five bathrooms.

The basement is unfinished with nine-foot ceilings and roughed-in heating.

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The agent’s take

“It was a builder’s personal home that he custom built, so he went above and beyond with the use of quality materials,” Ms. Maglietta said.

“[For instance], the master bedroom was huge with coffered ceilings, a limestone gas fireplace, a walk-in closet, a 10-piece ensuite spa-like bathroom and a double door entry.”

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For sale in this area

View similar listings below. Clicking on the map will take you to the listings below.

Open this photo in gallery: Gallery photo 1
3888800.00
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RE/MAX REALTY ENTERPRISES INC.
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Bring Your Entire Family Together For Breathtaking Lake Views. Stunning Lakefront Paradise Ideal For Large, Blended Or Multi-Gen Family. Lake Views From Almost Every Room, This Home Boasts Nearly 6000 Sq Ft W/ 7 Beds & 4 Full Baths & 1100+ Sq Ft Fully Equipped Living Area For In-Law/Nanny/Income Suite. Unique Lake Property W/ Riparian Rights, Nestled Away From Lakeshore Rd Down A Private Lane,3/4 Acre Of Tree-Lined Green Space. 4 Car Garage 2000+ Wine Cellar**** EXTRAS **** Your Luxury Cottage In The City Awaits On This Gorgeous Stretch Of Lake Ontario Enjoy A Lakeside Bonfire While Surrounded By Luxurious Gardens And Enjoy The Unparalleled Lake Access Of Stone Steps That Lead Right Down Into The Water. (id:31729)
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Welcome home to one of the most coveted addresses in Burlington that is steps from the lake. This 6000 Sqft custom built 5-bedroom home that has ensuites in all upper level bedrooms was designed to impress. Spacious master retreat with dream walk-in closet and walk-out to balcony. Ten foot ceilings on the main and upper level. Walk-out to covered verandah from main floor-Great Room and Office. Finished lower level with over 9.5 foot ceilings, rough-in bar, large window wells and 5th bedroom. Extensive craftsmanship, millwork with White Oak hardwood and marble throughout. Beautifully landscaped property with mature trees and fenced yard that offers privacy for you and your family. Conveniently located right by the lake but only minutes from the QEW. Fantastic grocery stores, parks, shopping, schools, and restaurants close by including downtown Burlingtons sought after waterfront to enjoy. Dont miss the opportunity to call this beautiful house, the next place you call home! (id:31729)
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Rare South Burlington Work/Live Ravine Property Steps to Lake Ontario. Residential/Commercial zoning allows for a wide range of professional uses. The 4 level backsplit with a true vintage vibe offers an ultra-functional floor plan with separate side entry to a den/office, family room and washroom. Generous rooms and multiple levels offer you fantastic flexibility for work/live or multi-generational families. Mature landscape in a private backyard setting and backing creek is like having a cottage in the city. Spacious eat-in kitchen opens onto the dining room. Master has semi-ensuite privilege and overlooks a peaceful backyard setting. Lower family room with walkout to rear yard is perfect for family gatherings. Offering you the best of both worlds; convenient walk to shops, transit and a 5-minute drive to GO Station and once home a private oasis to commune with nature. Conservation Halton ensures the future use of properties backing the creek will be built with reverence for the natural setting. (id:31729)
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Timeless and elegant private WATERFRONT ESTATE OFFERING OVER 200 FT. ON THE WATER WITH RIPARIAN RIGHTS. Recently renovated, this exquisite lakefront residence on an acre of manicured gardens is located on a quiet, tree lined cul de sac street south of Lakeshore in prestigious South Burlington. Stunning views of the lake from every room in this spectacular executive home featuring large principal rooms, gourmet kitchen opens to a fabulous family room with a wood burning fireplace, formal living room and dining room for entertaining family and friends and a main floor library for quiet evenings. Four bedrooms, including a luxurious master suite, his and hers dressing rooms, six bathrooms, the third level has two spacious bedrooms and a sitting area, a separate wing leads to a private office, ideal for those work at home days. Lower level offers a recreation room and gym, and lots of storage, this completes over 9000 sq. Ft of living area. This private estate features a pool, pond, multiple patios, excellent sea wall, and access to the shoreline. This could be yours, a truly one of a kind designer home in this coveted neighborhood. (id:31729)
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