For Lease
696 Penny Lane Lower #Lower
LaSalle, Burlington, ON
$1,890
2Bd
1Ba
900+sqft
2Parking
44.95 x 88.88 ftlot
$2/sqft
DetachedMLS# W13061010Listed 2026-04-3016 DOM
Cooling
Central Air
Basement
Finished with Walk-Out
About this home
Welcome to this beautifully maintained lower unit tucked away on a quiet street in one of Burlington's most desirable neighbourhoods. Offering 2 bedrooms and 1 full bathroom, this charming residence is perfect for those seeking comfort, convenience, and a touch of nature. Enjoy an unbeatable location just minutes from the lake, vibrant downtown Burlington, top-rated restaurants, shopping, transit, and easy highway access including the QEW, 403, and 407. GO Transit is just a short distance away, making commuting a breeze.This property truly stands out with its rare ravine lot, providing privacy and a serene natural backdrop. Step into your a backyard oasis complete with breathtaking gardens, elegant landscape lighting and two tranquil ponds, all designed for low maintenance enjoyment. Additional highlights include parking for two vehicles, a stamped concrete walkway, and a beautiful flagstone patio perfect for outdoor enjoyment.
Ravine
Rooms
Basement
| Bedroom | 2.84 × 3.00 m | |
| Bedroom | 2.84 × 3.00 m | |
| Kitchen | 3.00 × 3.35 m | |
| Living Room | 5.54 × 4.42 m | Combined w/Dining |
Features
- None
- Finished with Walk-Out
- Full
- Central Air
- 2-Storey
Financials
Estimated Rental Income
Entire property$2,600 – $3,800/mo
Basement apartment$1,800 – $2,500/mo
Rental yield1650.8% – 2412.7%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Burlington
Days on market16 days
Buyer's MarketSeller's Market
Based on active listings in Burlington. Data updates daily.
Demographics — Burlington
Population
186,948
Avg Household Income
$125,000
Age Distribution
0-19
20%
20-34
16%
35-49
19%
50-64
22%
65+
23%
Ownership74% own · 26% rent
EnglishFrenchArabicPolishTagalog
Our estimate for this home
Estimated range
$724K – $841K
Mid-point $782K · ~$869/sqft
How this listing compares
$724KList · $2K$841K
Medium confidence·Based on 13 lasalle comparables
Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
52
/ 100
Walk Score
Somewhat Walkable
37
/ 100
Transit Score
Some Transit
48
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. 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. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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