1513 Riley Ave
Palmer, Burlington, L7M 3C2
FOR SALE
$899,900
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Property Description
ATTENTION investors, renovators, and buyers looking for a home to update to their liking! Welcome to this well-maintained, bright and spacious 2-storey detached home with 3 bedrooms, 2.5 bathrooms, and a finished basement, on a premium 148ft deep ravine lot, in the very desirable and sought-after, family-friendly Palmer neighbourhood. This home has good bones, great curb appeal, lots of potential, and a desirable floor plan with spacious principal rooms. The main level features a spacious kitchen with sliding doors to the deck and private yard overlooking a forest and ravine, large dining room and living room with French doors, quality hardwood floors, and crown moulding, and a 2-piece bathroom. The upper level features a large primary bedroom with 4-piece ensuite with separate shower and tub, and double closets, 2 other spacious bedrooms, and a 4-piece main bathroom. The lower level offers a very large recroom with pot lights, laundry room, utility area, and storage space. The exterior features a beautiful and private fully fenced backyard with large 2-tiered wood deck, backing on to a forest, ravine, and Palmer Park, a front porch with composite decking, as well as a garage and double driveway. Roof, windows, furnace, and AC updated in 2010 approximately. Make a few updates and enjoy this charming home with all it has to offer, or renovate to your liking. Both good options in this neighbourhood. This home makes a great investment with tonnes of potential. An amazing location, steps to quality schools, parks, and trails, and just minutes to highways, the GO, shops, dining, community centres, library, and endless other great amenities. This home is the best valued detached in all of Burlington considering its location, deep greenspace lot, square footage, and floor plan. This house would be a pleasure to call home! Don't hesitate and miss out on this one!
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Nearby Intersections
Property Features
Fenced Yard, Grnbelt/Conserv, Park, Ravine, School, Wooded/Treed
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
38' x 148'
Acreage
< .50
Fronting
West
Taxes
$4,435 (2024)
Basement
Finished, Full
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 11.58' x 12.01' | Tile Floor, Sliding Doors, W/O To Deck |
| Living | Main | 10.66' x 14.99' | French Doors, Hardwood Floor, Crown Moulding |
| Dining | Main | 10.66' x 10.99' | Hardwood Floor, Crown Moulding |
| Prim Bdrm | 2nd | 14.01' x 14.93' | Ensuite Bath, Double Closet, O/Looks Backyard |
| 2nd Br | 2nd | 10.83' x 14.67' | |
| 3rd Br | 2nd | 9.09' x 11.15' | |
| Rec | Bsmt | 15.68' x 23.16' | Broadloom, Pot Lights, Wainscoting |
| Laundry | Bsmt | 6.17' x 13.52' |
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Burlington Market Statistics
Burlington Price Trend
1513 Riley Ave is a 3-bedroom 3-bathroom home listed for sale at $899,900, which is $303,286 (25.2%) lower than the average sold price of $1,203,186 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 3 bedroom home in Burlington increased by $33,003 (2.8%) compared to the previous 30 day period (November 19 - December 18) and up $92,238 (8.3%) from the same time one year ago.Inventory Change
There were 51 3-bedroom homes listed in Burlington over the last 30 days (December 19 - January 17), which is down 29.2% compared with the previous 30 day period (November 19 - December 18) and up 34.2% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Burlington typically sold ($18,416) (1.5%) below asking price over the last 30 days (December 19 - January 17), which represents a $15,111 increase compared to the previous 30 day period (November 19 - December 18) and ($40,746) 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 3-bedroom homes in Burlington over the last 30 days (December 19 - January 17) stood at 100.0%, down from 116.7% over the previous 30 days (November 19 - December 18) and down from 102.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Burlington stood at 22 days when successfully sold over the last 30 days (December 19 - January 17), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Burloak Real Estate Services
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