1040 Cedarwood Pl

FOR SALE
$1,148,800
1040 Cedarwood Pl, Burlington
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2 + 1
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
5
ROOMS
W9511154
MLSID
Contact Us
Property Description
Welcome to 1040 Cedarwood Place, located in Burlington's highly desirable Aldershot area! Renovated from top to bottom, this 2+1-bedroom, 3-bath home is perfect for any homeowner. Situated on a rare 1/4 ACRE lot with mature trees, this property seamlessly blends elegance with modern comfort. The main floor features an open-concept living and dining area that flows into a chefs kitchen, ideal for entertaining. The second level offers 2 bedrooms and a stylish 4-piece bathroom. The lower-level features a contemporary 1-bedroom, 1-bath in-law suite with a full kitchen and laundry. The newly landscaped yard is perfect for entertaining guests, complete with interlocking pathways leading to a fully renovated double detached garage. With ample parking and a spacious yard, this property offers versatile homeownership options. Whether you're looking to buy for personal use, live in one unit and rent the other, 1040 Cedarwood Place has much to offer. Also offered; 1036 Cedarwood. EXTRAS: Full home renovation (2023), New Plumbing (2023), New Electrical (2023), All new appliances (2023), All new Landscape/Hardscape (2023), Finished + insulated double garage (2023), and so much more.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-09-04 2024-10-25 51 $1,198,800 - Suspended
2024-08-20 2024-09-04 15 $1,299,000 - Suspended
Extras
Updates: Full home renovation (2023), Plumbing (2023), Electrical (2023), All new appliances (2023), Landscape (2023), Finished winterized double garage (2023).
Property Features
Golf, Hospital, Library, School, School Bus Route
Property Details
Community
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1100-1500
Lot Size
50' x 222'
Acreage
< .50
Fronting
West
Taxes
$4,618 (2024)
Basement
Apartment, Finished
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
5
Driveway
Pvt Double
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
DiningGround14.01' x 11.58'
LivingGround13.42' x 11.84'Electric Fireplace
KitchenGround10.07' x 23.43'
BathroomGround9.84' x 4.92'4 Pc Bath
Br2nd10.07' x 14.24'
2nd Br2nd14.24' x 14.73'
Bathroom2nd9.84' x 4.92'4 Pc Bath
3rd BrBsmt11.52' x 10.33'
BathroomBsmt11.48' x 4.92'
Burlington Market Statistics
Burlington Price Trend
1040 Cedarwood Pl is a 2-bedroom 3-bathroom home listed for sale at $1,148,800, which is $110,710 (10.7%) higher than the average sold price of $1,038,090 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 2 bedroom home in Burlington declined by $576,050 (35.7%) compared to the previous 30 day period (September 1 - September 30) and down $49,826 (4.6%) from the same time one year ago.
Inventory Change
There were 16 2-bedroom homes listed in Burlington over the last 30 days (October 1 - October 30), which is down 27.3% compared with the previous 30 day period (September 1 - September 30) and up 77.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Burlington typically sold ($32,936) (3.2%) below asking price over the last 30 days (October 1 - October 30), which represents a $24,704 increase compared to the previous 30 day period (September 1 - September 30) and ($59,200) more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Burlington over the last 30 days (October 1 - October 30) stood at 68.8%, up from 22.7% over the previous 30 days (September 1 - September 30) and up from 66.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in Burlington stood at 21 days when successfully sold over the last 30 days (October 1 - October 30), compared to 90 days before being removed from the market upon being suspended or terminated.
Listing contracted with Exp Realty
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