$999,900 - 775 Greg Drive, Burlington
Detached for Sale in Burlington
108 days on market- MLS Number
- W12774390
- Property Type
- Detached
- Status
- active
- Days on Site
- 108
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Burlington
- Listing Brokerage
- REVEL Realty Inc., Brokerage
Turnkey Living with a Backyard Escape in Coveted South Burlington. Welcome to this beautifully updated 5-bedroom side split, set on a generous lot in one of South Burlington's most sought-after neighbourhoods, perfectly located between Nelson Park and Fairview Street and just minutes from the lake. From the moment you enter the inviting foyer, this home strikes the perfect balance between comfort and style. Sunlight fills the bright living room and creates an atmosphere that instantly feels like home. The space flows effortlessly into the dining area and a beautifully updated kitchen designed to bring people together, whether for quiet family dinners or lively gatherings. The main level features three spacious bedrooms and a renovated bathroom (ensuite privilege), offering functional family living with a modern touch. Downstairs, the home continues to impress. A large family room with a gas fireplace provides the ideal setting for relaxing evenings, movie nights, or entertaining. This level also features two brand-new bedrooms, a stylish 3-piece bathroom, and a laundry room with a separate entrance... ideal for in-law living, guests, or growing families needing flexible space. Step outside and discover a backyard that truly sets this property apart. Professionally maintained and beautifully landscaped, the space features a tranquil pond and a sparkling chlorine in-ground pool... your private summer retreat for entertaining, unwinding, and making lasting memories. Additional highlights include an attached single-car garage, upgraded exterior, updated furnace and air conditioning, updated appliances, and standout curb appeal. Surrounded by parks, excellent schools, shopping, and scenic lakefront trails, this move-in ready home offers not just a place to live, but a lifestyle to enjoy. First time offered for sale, thoughtfully updated, and perfectly located, this is the one you've been waiting for.
Estimate your monthly payments for this property
Estimated Payment
$5,130.01/mo
Includes CMHC insurance ($27,897)
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.
775 Greg 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
Fair Market Value
At $909/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.
Negotiation Opportunity
At 108 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.
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.
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 $4,166 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.