$969,900 - 1527 Riley Avenue, Burlington
Detached for Sale in Burlington
45 days on market- MLS Number
- W13083426
- Property Type
- Detached
- Status
- active
- Days on Site
- 45
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Burlington
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Private ravine setting in Burlington's Palmer neighbourhood. This 4-bedroom, 2-bathroom detached home backs onto a treed ravine - privacy and natural connection where it matters most.Well updated and move-in ready, the home offers the kind of practical layout that works well for everyday life. The kitchen features white shaker cabinetry, black granite counters, stainless steel appliances, a gas range, centre island, and sliding door access to the rear patio. Separate living and dining rooms provide comfortable main-floor space, while all four bedrooms are together on the upper level - a layout families will appreciate.The finished lower level adds two usable spaces for a family room, playroom, gym, or home office. Updates include most windows (2019), kitchen (2020), driveway and front hardscape (2020), privacy fence (2021), upper bathroom updates (2022), and roof, soffits, fascia, attic insulation, and upper-roof pot lights (2022). Close to parks, walking trails, schools, public transit, and highway access. A move-in ready home in Palmer with a ravine backdrop. A combination that is hard to find.
Estimate your monthly payments for this property
Estimated Payment
$4,976.09/mo
Includes CMHC insurance ($27,060)
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.
1527 Riley Avenue, 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
Fair Market Value
At $882/sqft, this property is priced in line with current Burlington market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 45 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Burlington. Good resale value as demand remains consistent.
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.
Investment Perspective
Looking at this as an investment: Burlington properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,041 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.