$988,888 - 1156 Homewood Drive, Burlington
Detached for Sale in Burlington
31 days on market- MLS Number
- W13124630
- Property Type
- Detached
- Status
- active
- Days on Site
- 31
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Burlington
- Listing Brokerage
- KING REALTY INC.
Located On A Quiet Street In Burlington's Highly Sought-After Mountainside Neighbourhood, This Solid Brick Bungalow Sits On An Impressive Premium 50 x 175 Ft Lot And Offers Exceptional Flexibility For Families, Investors, Or Multi-Generational Living. Flooded With Natural Light, This East-Facing Home Features 3 Spacious Bedrooms And 1 Bathroom On The Main Level. The Fully Finished Basement Features A Completely Separate Entrance Leading To A Self-Contained In-Law Suite With 2 Bedrooms, 1 Bathroom, A Full Kitchen, Separate Laundry, And A Large Rec Room, Offering Excellent Income Potential Or Additional Living Space For Extended Family. Step Outside To A Large Backyard Perfect For Entertaining, Relaxing, Or Future Possibilities. Conveniently Located Within Walking Distance To Clarksdale Public School And Parks, And Just Minutes To Highways, Transit, Costco, Home Depot, Staples, Shopping, Dining, And Other Major Amenities. Move-In Ready With Endless Potential In A Prime Family-Friendly Location.
Estimate your monthly payments for this property
Estimated Payment
$5,073.51/mo
Includes CMHC insurance ($27,590)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Burlington
Burlington is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Burlington
- •Convenient location in Burlington
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Burlington offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1156 Homewood Drive, Burlington
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1413/sqft, this property is priced above the Burlington average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 31 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Burlington are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Burlington.
Burlington Lifestyle
Burlington offers a balance of urban convenience and suburban tranquility. Growing families appreciate the newer schools and community feel. The GO Train provides reasonable Toronto access. Home values have appreciated steadily as families seek alternatives to Toronto's density and pricing.