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    5188 Lakeshore Road & 5194 Lakeshore Road

    Waterford Place Condos
    1for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    5
    Number of Units:
    90
    Condo Completion:
    2000
    Condo Demand:
    Low
    Unit Size Range:
    930 - 1,465 SQFT
    Unit Availability:
    Low

    Listing History for Waterford Place Condos

    Receive listing updates for Elizabeth Gardens

    Amenities

    Visitor Parking
    Rec Room
    Games Room
    Gym Room
    Bike Storage
    Indoor Parking

    Maintenance Fees

    Included
    Heat
    Water
    Excluded
    Hydro
    Air Conditioning

    About 5188 Lakeshore RoadWaterford Place Condos

    Anyone who’s seeking a Burlington condo for sale should consider Waterford Place Condos at 5194 Lakeshore Road, 5188 Lakeshore Road. Stratum Group completed this building back in 2000, but unlike other buildings of that age, maintenance fees are below average at $0.62 per-square-foot. The 5-storey building is home to 90 suites with units ranging between 930 and 1465 square feet.

    Maintenance fees are $0.62 per-square-foot, which is higher than the neighbourhood average of $0.59 per-square-foot.

    The Suites

    The average cost per-square-foot for a unit at 5194 Lakeshore Road, 5188 Lakeshore Road is $790 based on the past 12 months of sales, making this one of the most expensive buildings in the area. These suites have a low probability of receiving multiple offers.

    Units at Waterford Place Condos spend 60 days on the market on average and usually sell for -4.00% below the listing price. In the last 12 months, 3 units have rented, and 5 have sold.

    The Neighbourhood

    Those who call this condo home never have to travel far for dining out, as Napoli Pizza, Tim Hortons and Tha Spice is Right are all within 11 minutes walking distance from 5194 Lakeshore Road, 5188 Lakeshore Road. In the mornings, become a regular at Starbucks, a quick 4-minute walk from Waterford Place Condos.

    Grocery shopping is never a chore with stores such as Food Basics and M&M Food Market in the area.

    Planning for your future is easy with Scotiabank and BMO Bank of Montreal in the area.

    There are plenty of parks nearby to keep your family busy, including Skyway Park and Mohawk Park, which are less than 15 minutes away by foot.

    Like to shop? Everything you need is close by when you live at 5194 Lakeshore Road, 5188 Lakeshore Road, including Appleby South, Appleby Village and Appleby Square which are only 4 away.

    Art and culture seekers can enjoy amazing attractions nearby like Art Studio & Gallery - NESAART, less than 11 minutes walking distance from here.

    Waterford Place Condos is a short drive away from St. Patrick Catholic Elementary School, Mohawk Gardens Public School and Ascension Catholic Elementary School, giving you plenty of choice for your child’s education.

    Transportation

    Transit users will need to trek a bit to New at Walkers, the nearest light transit stop.

    In the event that you can’t land a unit in this building, there are some similar condos within walking distance at 5250 Lakeshore Road, 5280 Lakeshore Road and 5280-5306 Bromley Road.

    Reviews for Waterford Place Condos

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    1

    Listings For Sale

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    Listings For Rent

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    Explore Elizabeth Gardens

    4/10
    Walkability
    You’ll occasionally stumble upon civilization. Keep an eye out for that elusive coffee shop!
    Unknown
    Transit
    4/10
    Bikeability
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

    Similar condos

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    5,895
    Average Individual Income
    $70,213
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $121,842
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    19%
    35 - 49
    21%
    50 - 64
    20%
    65+
    20%
    Household Income
    $0 - $30,000
    42%
    $30,000+
    25%
    $60,000+
    17%
    $90,000+
    9%
    $125,000+
    5%
    Housing Types & Tenancy
    Detached
    52%
    Semi Detached
    26%
    Low Rise Apartment
    12%
    Duplex
    4%
    High Rise Apartment
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    89%
    Other
    7%
    Punjabi
    3%
    Spanish
    1%
    Education
    High School
    29%
    University and Above
    26%
    College
    21%
    None
    15%
    Apprenticeship
    5%
    University Below Batchelor
    1%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    19%
    Social Sciences
    14%
    Health & Related Fields
    8%
    Humanities
    5%
    Physical Sciences
    5%
    Math & Computer Sciences
    5%
    Personal, Protective & Transportation Services
    4%
    Education
    4%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Maintenance Fees

    Waterford Place Condos vs The Elizabeth Gardens Area

    Days on Strata

    Units at Waterford Place Condos spend an average of
    60
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Elizabeth Gardens

    Turnover of Units

    On average, each unit is owned for
    5.4
    YEARS before being sold again

    Property Value

    -11%
    Decrease in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 14 condos in the Elizabeth Gardens area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    3
    Units were Rented over the past twelve months

    Best Value Rank

    Waterford Place Condos offers the
    ?
    best value out of 14 condos in the Elizabeth Gardens neighbourhood

    Appreciation Rank

    Waterford Place Condos has the
    ?
    highest ROI out of 14 condos in the Elizabeth Gardens neighbourhood

    Rental Yield

    Waterford Place Condos yields the
    ?
    highest rent prices out of 14 condos in the Elizabeth Gardens neighbourhood

    High Demand

    Waterford Place Condos is the
    ?
    most popular building out of 14 condos in the Elizabeth Gardens neighbourhood

    Transaction Insights at 5188 Lakeshore Road

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$865,000$817,500$735,000 - $770,000No DataNo Data
    Avg. Cost Per Sqft$954$679$673No DataNo Data
    Avg. Wait for Unit Availability556 Days696 Days98 DaysNo DataNo Data
    Ratio of Units in Building9%8%76%8%2%

    Unit Sales vs Inventory

    Total number of units listed and sold in Elizabeth Gardens