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    5188 Lakeshore Road & 5194 Lakeshore Road

    Waterford Place Condos
    1for Sale
    0for Rent

    Building Highlights

    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

    Amenities

    Rec Room
    Visitor Parking
    Party Room
    Business Centre
    Indoor Parking
    Bike Storage
    Games Room
    BBQs Allowed
    Gym
    Security System

    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 quite reasonable at $0.67 per-square-foot. The 5-storey building is home to 90 suites with units ranging between 930 and 1465 square feet.

    Maintenance fees are $0.67 per-square-foot, which is higher than the neighbourhood average of $0.64 per-square-foot.

    The Suites

    We’ve aggregated a number of stats at 5194 Lakeshore Road, 5188 Lakeshore Road. Here are some highlights: In the past 12 months, 4 units have sold, and 4 have been rented. Meanwhile, property values here have decreased by 0.37%.

    Units at Waterford Place Condos have a low likelihood of receiving more than one offer, and on average they sell for -2.80% below the listed price. Suites here have an average cost per-square-foot of $663 based on sales over the past 12 months, and the median time a unit spends on the market is 56 days.

    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.

    Maintenance Fees

    Included in Fees
    Heat
    Water
    Not Included
    Hydro
    Air Conditioning

    Listing History for Waterford Place Condos

    Feb 23, 2025 32 days on Strata
    sold

    $840,000Down from $859,900
    210 - 5188 Lakeshore Rd
    2
    2
    1
    1270 Sqft
    Feb 19, 2025 106 days on Strata
    leased

    $3,100Down from $3,200
    501 - 5188 Lakeshore Rd
    3
    2
    1
    1400 Sqft
    Receive listing updates for Elizabeth Gardens

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    Explore Elizabeth Gardens


    Commute Calculator

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    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!'

    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!'

    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%



    Days on Strata

    Units at Waterford Place Condos spend an average of
    56
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    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
    5.3
    YEARS before being sold again

    Property Value

    0%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 14 condos in the Elizabeth Gardens area

    Sold Units

    4
    Units were Sold over the past twelve months

    Rented Units

    4
    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

    Market Insights

    Transaction Insights at Waterford Place Condos

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$865,000$817,500$735,000 - $840,000No DataNo Data
    Avg. Cost Per Sqft$958$679$679No DataNo Data
    Avg. Wait for Unit Availability476 Days928 Days101 DaysNo DataNo Data
    Ratio of Units in Building11%6%76%8%2%

    Market Inventory

    Total number of units listed and sold in Elizabeth Gardens