338 Melores Dr

FOR SALE
$1,374,900
338 Melores Dr, Burlington
338 Melores Dr
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3 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
11
ROOMS
W9768114
MLSID
Contact Us
Property Description
Impressive raised bungalow situated on a private ravine lot in coveted Elizabeth Gardens. Charming street with friendly neighbours and a welcoming community. The spacious floor plan flows beautifully, featuring 3+1 bedrooms and 2 full bathrooms. Thoughtfully updated throughout, this move-in-ready home has an open-concept main floor which displays a bright, modern kitchen complete with ample cabinetry, quartz countertops, and a breakfast bar equipped with a double sink, overlooking the living and dining areas. Quality appliances including a gas stove, built-in dishwasher, above range microwave/vent hood, and double-door fridge complete the chef's kitchen. New vinyl flooring runs throughout and is complemented by rustic-modern finishes. The primary bedroom overlooks the private, tree-lined backyard, while two additional well-sized bedrooms are down the hall. The main bathroom has been freshly renovated with golden, luxurious touches. A double-door front entrance opens into a large, airy foyer. The expansive lower level includes a massive family room with a brick gas fireplace, flexible space for an additional bedroom, office, or gym, and a beautiful 3-piece bathroom with a glass-door shower. Large basement windows flood the space with natural light. The oversized 1-car garage (fully insulated with new drywall, 2023) and double driveway offers parking for three. Step out back to your private oasis, a generous sized yard backing onto a well-treed ravine. A stamped concrete patio is perfect for entertaining. This convenient location offers easy access to the GO station, highways, shopping, parks, the upcoming Burloak Costco, and Lake Ontario. You will easily find schools & a new community centre, all within walking distance.
Extras
LifePro Luxury Vinyl Plank Flooring ('22), gas connection for BBQ ('22), New main panel/subpanel ('22),garbage disposal in kitchen ('22),New Windows ('20),Front Door ('20) & Eaves/Facia/Gutters W/ Leaf Guards ('19),Quartz Countertop ('19).
Nearby Intersections
Property Features
Fenced Yard, Level, Ravine, River/Stream, School
Property Details
Community
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
1100-1500
Lot Size
50' x 125'
Acreage
< .50
Fronting
South
Taxes
$5,215 (2024)
Basement
Finished
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain23.59' x 11.58'Open Concept, Combined W/Dining, Vinyl Floor
DiningMain10.43' x 9.65'Open Concept, Combined W/Living, Vinyl Floor
KitchenMain14.90' x 9.48'Centre Island, Quartz Counter, Modern Kitchen
Prim BdrmMain9.51' x 12.57'O/Looks Ravine, Vinyl Floor, Closet
2nd BrMain8.83' x 11.55'O/Looks Ravine, Vinyl Floor, Closet
3rd BrMain8.04' x 10.24'Vinyl Floor, Closet
FamilyLower16.50' x 19.85'Gas Fireplace, Above Grade Window, Vinyl Floor
RecLower10.73' x 20.96'Above Grade Window, Closet, Vinyl Floor
LaundryLower8.76' x 20.14'Above Grade Window, Closet, Vinyl Floor
Burlington Market Statistics
Burlington Price Trend
338 Melores Dr is a 3-bedroom 2-bathroom home listed for sale at $1,374,900, which is $276,395 (25.2%) higher than the average sold price of $1,098,505 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Burlington declined by $127,347 (10.4%) compared to the previous 30 day period (September 21 - October 20) and down $144,097 (11.6%) from the same time one year ago.
Inventory Change
There were 109 3-bedroom homes listed in Burlington over the last 30 days (October 21 - November 19), which is down 8.4% compared with the previous 30 day period (September 21 - October 20) and up 29.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Burlington typically sold ($21,397) (1.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $14,264 increase compared to the previous 30 day period (September 21 - October 20) and ($36,336) 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 (October 21 - November 19) stood at 89.9%, up from 65.5% over the previous 30 days (September 21 - October 20) and up from 52.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Burlington stood at 33 days when successfully sold over the last 30 days (October 21 - November 19), compared to 40 days before being removed from the market upon being suspended or terminated.
Listing contracted with Real Estate Homeward
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