3328 Lakeland Cres
Roseland, Burlington, L7N 1B8
FOR SALE
$8,875,000
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5
BEDROOMS5
BATHROOMS1
KITCHENS14
ROOMSW8304288
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Property Description
Welcome to 3328 Lakeland Crescent. This exquisite waterfront property is nestled graciously on a quiet cul de sac in beautiful South Burlington. Perfectly situated on almost an acre, the lushly landscaped (92 ft x 233 ft) lot offers unobstructed lake views, riparian water rights and a private dock. The hallmark backyard oasis includes a covered terrace, pool, play structure, gazebo, outdoor kitchen/bar and cabana with rest room. The expanded addition at the rear of the home features floor to ceiling windows offering breathtaking lake views. Completely renovated by Windemere Homes. Primary bedroom with lake view, 5 piece en-suite with steam shower. Luxurious main level office. 3 Fireplaces. Private guest suite over the garage. Finished lower level with an extraordinary wine cellar, wet bar, gym and walk-out. Over 7400 square feet of living space.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-10-24 | 2024-05-03 | 192 | $8,875,000 | - | Terminated |
Extras
See Schedule C
Property Features
Arts Centre, Beach, Fenced Yard, Golf, Hospital, Lake Access
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
92' x 233'
Acreage
< .50
Fronting
South
Taxes
$31,451 (2023)
Basement
Fin W/O
Exterior
Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
8
Driveway
Circular
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 17.68' x 18.41' | Fireplace |
| Dining | Main | 14.30' x 16.37' | |
| Kitchen | Main | 15.49' x 15.94' | Family Size Kitchen |
| Breakfast | Main | 10.14' x 14.50' | |
| Family | Main | 21.13' x 25.59' | Fireplace |
| Office | Main | 11.32' x 14.90' | |
| Laundry | Main | 7.28' x 9.55' | |
| Prim Bdrm | 2nd | 17.88' x 18.08' | 5 Pc Ensuite |
| 2nd Br | 2nd | 13.19' x 13.25' | 3 Pc Ensuite |
| 3rd Br | 2nd | 12.73' x 12.83' | |
| 4th Br | 2nd | 12.01' x 13.19' | |
| Rec | Ground | 27.17' x 41.44' | Fireplace |
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Burlington Market Statistics
Burlington Price Trend
3328 Lakeland Cres is a 5-bedroom 5-bathroom home listed for sale at $8,875,000, which is $7,015,429 (377.3%) higher than the average sold price of $1,859,571 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 5 bedroom home in Burlington declined by $472,929 (20.3%) compared to the previous 30 day period (March 15 - April 13) and up $442,583 (31.2%) from the same time one year ago.Inventory Change
There were 14 5-bedroom homes listed in Burlington over the last 30 days (April 14 - May 13), which is up 100.0% compared with the previous 30 day period (March 15 - April 13) and up 55.6% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Burlington typically sold ($72,542) (3.9%) below asking price over the last 30 days (April 14 - May 13), which represents a $13,795 increase compared to the previous 30 day period (March 15 - April 13) and ($37,099) less 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 5-bedroom homes in Burlington over the last 30 days (April 14 - May 13) stood at 50.0%, down from 114.3% over the previous 30 days (March 15 - April 13) and down from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Burlington stood at 27 days when successfully sold over the last 30 days (April 14 - May 13), compared to 90 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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