$1,150,000

For sale

1316 NEVARC Drive, Burlington - Single Family for Sale

1316 NEVARC Drive, Burlington, Ontario, L7P0T4

3 beds2 baths7 parking1,750 ft²23,958 sq ft (0.55 ac) lot sizeListed 22 days ago

Overview

This 3-bedroom, 2-bathroom home in Burlington is for sale offering roughly 1,750 sq ft of space. Listed at $1,150,000, it is attractively priced about 12% below the $1,299,900 median asking price in Burlington. It has been on the market 22 days, fresher than the Burlington average of 59 days.

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Description

A rare opportunity to own a truly private 3-bedroom bungalow set on approximately half an acre, surrounded by mature trees and distinguished executive homes. Offering approximately 1,750 sq. ft. of living space, this inviting home was designed for both everyday living and entertaining, with an open-concept layout and a kitchen overlooking the beautifully landscaped backyard. The outdoors is where this property truly shines. Professionally manicured lawns, a completely private setting, inground pool, covered rear porch and all-glass solarium create an incredible extension of the living space and an ideal backdrop for summer gatherings or quiet afternoons at home. A welcoming front sitting porch adds even more charm. Inside, reclaimed beams and a flagstone exterior bring character and warmth, while the attached one-car garage adds everyday convenience. Properties offering this combination of space, privacy, mature surroundings and an exceptional outdoor setting are rarely available. Only minutes away from the GoStation and highway access. A special home for those who love to entertain, enjoy the outdoors, and appreciate something a little different. (id:66096)

Property Details

MLS®: 40870873
Property Type: Single Family
Zoning: O2-196, RNA1
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 7
Interior Size: 1,750 ft²
Lot Size: 23,958 sq ft (0.55 ac)
Frontage: 111 ft
Year Built: 1957
Storeys: 1
Style: Bungalow
Basement: None
Heating: Forced air
Cooling: Central air conditioning
Garage

Rooms

Main level

2pc Bathroom
4pc Bathroom
Bedroom: 13'7'' x 11'3''
Bedroom: 13'7'' x 10'10''
Primary Bedroom: 13'3'' x 12'0''
Kitchen: 8'9'' x 10'5''
Dining room: 21'5'' x 12'6''
Living room: 21'5'' x 21'0''

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Dryer
Foundation: Stone
Exterior: Stone
Lot Features: Ravine

Services

Water: Municipal water
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Burlington listings, avg age

59d

Price / ft²

$657

List price

$1.15M

Homes here sell faster than most markets

Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 3-bed single family in Burlington has been listed for 22 days, which is 37 days fresher than the city average of 59. Act while there is still low competition.

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Listed by RE/MAX Escarpment Realty Inc. · Brittany Arsenault

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L7P)

This home lists at $1,150,000, about 9.8× the local median household income of $117,000.

Carrying it typically needs a household income of about $224,635 (20% down, 25-yr amortization, stress-tested) — roughly 92% above the area median.

Median household income: $117,000
Population: 29,777
Median age: 44
Owner / renter: 85% / 15%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA L7P)

$1,150,000· $657/ft²

For sale

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Full Cost Breakdown

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Down Payment7.83% · $90,000

Min 7.83%50%

Mortgage payment$5,877/mo

↳ CMHC premium ($42,400 capitalized)

Property tax (est.)$392/mo

Total monthly$6,269

Cash Needed to Close

Down payment (7.83%)$90,000

Land transfer tax$19,475

Est. closing costs$5,950

Total cash needed$115,425

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