$1,160,000 - 5014 Spruce Avenue, Burlington
Detached for Sale in Burlington
115 days on market- MLS Number
- W12813968
- Property Type
- Detached
- Status
- active
- Days on Site
- 115
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Burlington
- Listing Brokerage
- CENTURY 21 PROPERTY ZONE REALTY INC.
A rare and exciting opportunity awaits in one of Burlington's most sought-after neighborhoods. This detached bungalow sits on a massive 100 ft x 138.58 ft lot, offering endless potential for redevelopment, renovation, or building your dream home. The existing home spans approximately 1,750 sq. ft. above ground plus a full basement, providing a solid foundation for those looking to restore or redesign. City-approved plans for new construction are already in place-saving you valuable time and allowing you to start your project right away. Whether you're an investor looking for your next opportunity or a homeowner wanting to create a custom residence, this property checks every box. Located in a quiet, mature area of Burlington, the property is surrounded by newly built luxury homes and tree-lined streets. Enjoy close proximity to top-rated schools, parks, trails, shopping, restaurants, GO Transit, and major highways-a perfect blend of convenience and community charm. Don't miss this exceptional opportunity to bring your vision to life in one of Burlington's finest locations!
Estimate your monthly payments for this property
Estimated Payment
$5,131.07/mo
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.
5014 Spruce Avenue, Burlington
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Rental income estimator & ROI calculator
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 $773/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.
Negotiation Opportunity
At 115 days on site, this property has exceeded the typical selling timeline for Burlington. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
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 $4,833 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.