Living at Bridgewater Residences, Burlington: 2027 Buyer and Renter Guide

By Jatin Dua · Broker of Record, RE/MAX Quantum Realty · Updated 2 November 2026 · 10 min read — Bridgewater Residences in Burlington: who built it, suite sizes, fees, amenities, city prices and rents, and how to buy or rent there in 2027.

This guide is for buyers, downsizers and renters weighing Bridgewater Residences on the Lake in downtown Burlington. You will get the verified building facts, what the fees cover, what Burlington condos sell and rent for, and how I would approach buying or renting here in 2027.

Where is Bridgewater Residences and what is nearby?

Bridgewater sits on Lakeshore Road at the foot of Elizabeth Street, in the Brant area of downtown Burlington. The tower’s address is 2060 Lakeshore Road, and a building-data website lists the condominium corporation at 2042 and 2060 Lakeshore Road. Lake Ontario and the Waterfront Trail are right behind the building.

Next door is The Pearle Hotel & Spa, the hotel part of the same waterfront project. When it was announced in October 2021, it was described as a 151-room hotel at 3 Elizabeth Street with a full spa, an indoor pool, a lakeside restaurant and a bakery café. For residents, that means a restaurant, a café and a spa a few steps from the lobby.

A building-data website lists Spencer Smith Park, the Art Gallery of Burlington and the Joseph Brant Museum within walking distance, and puts Lakeshore Public School about a six-minute walk away. Brant Street, the main shopping and dining street downtown, is a few blocks away. For a wider look at this stretch, see my guide to Burlington lakefront condos from Brant Street to Spencer Smith Park.

Who built Bridgewater Residences and when was it finished?

New Horizon Development Group was the developer and general contractor, according to a ConstructConnect project report. Page + Steele/IBI Group Architects designed the project and Gluckstein Design did the interiors. The site has three parts: a 22-storey condominium tower, a seven-storey condominium building and the hotel.

SkyscraperPage records construction from 2016 to 2021, with 22 floors, three underground levels and about 127 units in the tower. A building-data website shows the corporation as Halton Standard Condominium Corporation No. 735, registered on 3 August 2021, with about 151 suites. Sources count differently, so use the declaration in the status certificate if the exact number matters to you.

What suite types and sizes does Bridgewater have?

A building-data website shows suites from about 519 sq ft up to about 3,145 sq ft. In November 2026, the smaller listings were one-bedroom and one-bedroom-plus-den suites between roughly 500 and 799 sq ft. At the other end are suites well over 2,000 sq ft, which is rare in a Burlington condo.

That spread matters. The same building serves a first-time buyer with a one-bedroom and a downsizer who wants a large home on the lake. Ask for the floor plan of the exact suite and check its size against the declaration. Listing sizes are often rounded, and some include the balcony.

What amenities does Bridgewater Residences have?

ConstructConnect’s report listed a fitness room, guest suites, a lounge, a boardroom, a party room, an outdoor terrace, ground-floor commercial space and a restaurant. The hotel adds a spa, an indoor pool and its restaurants, but those are run by the hotel, not the condo. Confirm which spaces belong to the condo corporation and which the hotel charges for before you count on them.

Also ask the property manager how guest suites are booked, how elevator bookings for move-ins work, and whether parking and lockers are owned or assigned. These small rules shape daily life more than the brochure does.

How much are maintenance fees at Bridgewater Residences?

Fees here are on the higher side for Burlington. In the listings a building-data website showed in November 2026, one-bedroom suites of about 500 to 799 sq ft carried monthly fees of about $727 to $808, each with one parking space. A building-data website lists the fee as covering common elements, building insurance and water. Another listing site lists heat as included and water as not, so confirm what the budget actually covers.

The status certificate shows the current budget, the reserve fund balance, the date of the last reserve fund study, and any special assessments or lawsuits. In a corporation registered in 2021, the shift from the builder’s first budget to an owner-set budget is recent, and that shift can push fees up. Read my checklist on what to look for in a status certificate before you firm up an offer.

What do Burlington condos sell and rent for in 2026?

I do not publish building-level sale prices, so here are city-wide Burlington numbers. They describe all condo apartments in the city, not this building. A lakefront building with large suites will usually sit well above the city median.

Source: TRREB MLS data via REALM, January–October 2026 vs the same period of 2025 (City of Burlington); TRREB Market Watch, October 2026; TRREB Rental Market Report, Q2 2026 (average lease rates). The Q3 2026 rental report was not posted when I checked on 10 November 2026.

Two things stand out. Prices have slipped for two years in a row, and 207 active listings against 37 October sales works out to roughly five to six months of supply by my rough math. That gives buyers time and room to negotiate. When I checked, a building-data website showed Bridgewater listings averaging about $1,325 per sq ft, which tells you this is a premium building priced well above the city median. For the full city picture, read my Burlington housing market 2027 outlook, and for rents, average rent in Oakville and Burlington.

How do you get to Toronto from Bridgewater by GO train or car?

Burlington GO station is at 2101 Fairview Street, north of downtown, on the Lakeshore West line to Union Station. From Bridgewater it is a drive, a bike ride or a bus ride, not a short walk. Burlington’s downtown business association notes that city buses connect downtown with the city’s three GO station hubs.

Most drivers head north to the QEW. Rush-hour times to Toronto swing a lot, so test the drive or the train at the hour you would actually travel, and check current GO and Burlington Transit timetables before you count on a door-to-door time.

What are the pros and cons of living at Bridgewater?

Pros

• The lake at the door. The Waterfront Trail and the downtown waterfront are steps away.
• A newer building. Finished in 2021, with modern systems and finishes.
• Range of suite sizes. From compact one-bedrooms to suites over 2,000 sq ft.
• A walkable downtown. Restaurants, galleries, the museum and parks within walking distance.

Cons

• Higher fees. Small suites were listed around $727 to $808 a month.
• GO is not walkable for most. Plan for a bus, bike or car to Burlington GO.
• A premium price per sq ft. In a soft market, a high entry price takes longer to earn back.
• A shared, busy site. Hotel guests, events and deliveries add activity around the building.

Who is Bridgewater Residences best for?

Bridgewater suits downsizers moving out of a Burlington, Oakville or Hamilton house who want a large suite and the lake without a yard to look after. It also suits buyers who work from home or drive, and who value walking to dinner over walking to the train. My guide to retiring in Burlington covers the wider questions for that buyer.

It is a weaker fit for a daily GO commuter on a tight budget. A building closer to Burlington GO or Appleby GO, with lower fees, will usually give that buyer a better monthly number.

Should you buy or rent at Bridgewater in 2027?

For buyers, 2027 opens with more choice and slower sales than the last few years. The Bank of Canada raised its policy rate to 2.50% on 28 October 2026, and the big banks moved prime to 4.70%. The next rate decision is on 9 December 2026. Fixed rates follow bond yields, so get a rate hold before you shop.

For renters, the key rule is rent control. Units first occupied for residential purposes after 15 November 2018 are exempt from Ontario’s rent increase guideline, and Bridgewater was finished in 2021. The guideline for 2027 is 1.9%, but it does not cap increases here. The landlord still needs 12 months between increases and 90 days’ written notice.

What to do next

1. Get a mortgage pre-approval with a rate hold before you book showings.
2. Ask for the floor plan, the current budget and a recent status certificate on any suite you like.
3. Check which amenities are condo-owned and which are hotel-run, and what the fee includes.
4. Compare the asking price with recent sales in the building, not just the city median.
5. If renting, ask about the renewal plan in writing, since the unit is exempt from the guideline.

Frequently asked questions

Sources

• Bridgewater Residences on the Lake, 2042 Lakeshore Rd — a building-data website
• Bridgewater Residences On The Lake, Burlington — SkyscraperPage
• Bridgewater Residences on the Lake project report — ConstructConnect
• The Pearle Hotel & Spa opens in downtown Burlington — Hospitality Net
• Burlington GO station — GO Transit
• Market Watch, October 2026 — TRREB
• Rental Market Report, Q2 2026 — TRREB
• Transit to and around Downtown Burlington — Burlington Downtown

Related reading

• Living at Exchange District Condos, Mississauga: 2027 Buyer and Renter Guide
• Living at Pinnacle Uptown, Mississauga: 2027 Buyer and Renter Guide
• Living at The Grand Residences at Parkside Village, Mississauga: 2027 Buyer and Renter Guide
• Living at The Condominiums at Square One District, Mississauga: 2027 Buyer and Renter Guide