1331 Elgin St is a land in Burlington, listed for $475,000.
1Extremely rare opportunity - two vacant building lots in the heart of downtown Burlington!
2This lot is 55.38 x 99.11 ft irregular and is ready for your vision - designand build the perfect home or investment property in one of Burlington's most sought-afterlocations.
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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Lots & Land in Burlington
About 1331 Elgin Street
Extremely rare opportunity - two vacant building lots in the heart of downtown Burlington! Are you ready to begin an exciting new chapter and create your dream home from the ground up? Nowis your chance! This lot is 55.38 x 99.11 ft irregular and is ready for your vision - designand build the perfect home or investment property in one of Burlington's most sought-afterlocations. Selling lot only, not serviced. Just steps from Spencer Smith Park, the waterfront,and vibrant downtown Burlington, where shops, restaurants, trails, and amenities are all withinwalking distance. With easy access to major highways and transit, this is the ultimatecombination of location, lifestyle, and limitless potential. Opportunities like this are rarelyavailable - build something truly magical in the heart of it all!
Burlington land priced at $475,000 — book a tour to see if it fits your search.
Inside 1331 Elgin St
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Vacant Land
1331 Elgin St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W14167794$475,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1331 Elgin St Compares to the Burlington Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,334
/mo
based on the purchase price of $475,000
$95,000 cash
$380,000 financed
$320,060 total interest
Principal54%$380,000
Interest46%$320,060
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio97.4%On average, homes sold below asking.
Active listings823Homes for sale here right now.
Median vs prior 90 days−1.1%Compared with May 14 – Aug 12, 2026: prices down.
Based on 976 sales from Aug 12 – Nov 10, 2026 (800 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1331 Elgin St
How much is 1331 Elgin St listed for?
1331 Elgin St is listed at $475,000 (MLS® W14167794). Summitly updates the price as soon as the MLS® record changes.
Has the price of 1331 Elgin St changed?
No — 1331 Elgin St is still listed at its original asking price of $475,000.
How many bedrooms and bathrooms does 1331 Elgin St have?
The listing for 1331 Elgin St doesn't publish its bedroom and bathroom count. It is a lot in Burlington.
How much would the monthly mortgage be on 1331 Elgin St?
About $2,334 a month — principal and interest on $475,000 with 20% down ($95,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1331 Elgin St compare with other homes in Burlington?
Its asking price of $475,000 is about 49% below the median sold price in Burlington over the last 90 days, $940,000, across 976 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1331 Elgin St been sold before?
Summitly has no earlier MLS® sale or lease of 1331 Elgin St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1331 Elgin St?
1331 Elgin St is in Burlington, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1331 Elgin St been on the market?
1331 Elgin St was listed today (November 10, 2026).
What is the lot size of 1331 Elgin St?
The lot is 50 acres, as published in the listing.
What is the land transfer tax on 1331 Elgin St?
About $5,975 in Ontario land transfer tax at the asking price of $475,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 1331 Elgin St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 1331 Elgin St?
The listing for 1331 Elgin St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Burlington.
