$645,000 - 3008 PALMER Drive Unit 2, Burlington
Condo for Sale in Burlington
New — Listed 3 days ago- MLS Number
- W13445606
- Property Type
- Condo
- Status
- active
- Days on Site
- 3
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Burlington
- Locker
- None
- Exposure
- North West
- Balcony
- None
- Listing Brokerage
- KELLER WILLIAMS COMPLETE REALTY
Welcome to this 2-storey townhouse tucked away in a quiet corner of the desirable Barrington Square community. Residents enjoy access to fantastic amenities including an outdoor community pool, parkette, and ample green space. The main floor offers a functional kitchen with plenty of cabinetry, a spacious dining area, and a comfortable living room perfect for everyday living and entertaining. Upstairs, you'll find three generously sized bedrooms and a 4-piece bathroom. The fully finished basement adds valuable living space and can easily accommodate a family room, home office, gym, or play area. A standout feature of this home is that the water main replacement has already been completed and paid for, providing peace of mind for future owners. The home is equipped with an owned furnace (approximately 7 years old), while the central air conditioning unit is currently under contract. The electrical system has been updated, and the exterior natural gas hookup makes summer BBQs a breeze. The monthly maintenance fee is $682.95 and includes common elements, exterior maintenance, building insurance, water, and landscaping, helping to simplify homeownership and upkeep. Offering plenty of space and potential in a sought-after community, this home is ideal for first-time buyers, growing families, investors, or those looking to add their personal touch.
Estimate your monthly payments for this property
Estimated Payment
$3,309.18/mo
Includes CMHC insurance ($17,996)
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.
3008 PALMER Drive Unit 2, 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
Competitive Pricing
At $645/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Burlington's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $2,688 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.