5008 Spruce Ave

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5008 Spruce Ave, Burlington
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4
BEDROOMS
3
BATHROOMS
1
KITCHENS
8 + 4
ROOMS
W11957231
MLSID
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Property Description
This ravine home in Burlington's premier neighborhood is a true gem, offering a perfect blend of modern elegance and timeless charm. Situated just steps away from the lake, its location is ideal for those seeking both tranquility and convenience. Guests are greeted by a grand open-to-above entryway, creating an airy and welcoming ambiance. The interior boasts clean lines and sophisticated finishes throughout, showcasing meticulous attention to detail and craftsmanship. The main level features a beautifully appointed living and dining area with carefully selected interior finishes. A panelled wall with hidden storage, a fireplace, and a chef's dream kitchen with high-end appliances, quartz countertops, and a spacious breakfast bar provide the perfect setting for entertaining and everyday living. The seamless transition from indoor to outdoor living is highlighted by the stunning exterior space, complete with a pool featuring a cascading waterfall, expansive outdoor living areas, and ample storage space, transforming the backyard into a private oasis. Upstairs, four bedrooms await, including one with a charming bunk loft, perfect for children or guests. The master suite is a sanctuary unto itself, boasting two walk-in closets and an unmatched ensuite bathroom with heated floors, offering the ultimate in luxury and comfort. The lower level is fully finished and features a great family room, an exercise room, additional storage space, and a chic powder room, providing plenty of room for relaxation and recreation.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-10-30 2024-11-27 28 $2,868,000 - Terminated
2024-10-01 2024-10-30 29 $2,899,000 - Terminated
2024-06-18 2024-09-30 104 $2,899,000 - Expired
2024-04-23 2024-06-18 56 $3,000,000 - Terminated
2022-07-04 2022-09-05 63 $2,998,000 - Expired
2022-06-03 2022-07-04 31 $3,199,000 - Terminated
2022-04-29 2022-06-03 35 $3,400,000 - Terminated
Nearby Intersections
Property Details
Community
Property Type
Detached, 2-Storey
Lot Size
66' x 158'
Fronting
South
Taxes
$5,754 (2024)
Basement
Finished
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
7
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain10.66' x 24.74'Hardwood Floor, Pot Lights, Fireplace
DiningMain24.34' x 18.77'Hardwood Floor, W/O To Pool, Combined W/Kitchen
KitchenMain24.34' x 18.77'Hardwood Floor, Breakfast Bar, Quartz Counter
Prim Bdrm2nd21.10' x 16.34'Hardwood Floor, W/I Closet, 6 Pc Ensuite
2nd Br2nd13.32' x 11.15'Hardwood Floor, Window, Pot Lights
3rd Br2nd8.99' x 9.42'Hardwood Floor, Window, Pot Lights
4th Br2nd12.76' x 10.01'Hardwood Floor, Window, Pot Lights
FamilyLower24.25' x 14.83'Hardwood Floor, Pot Lights, Pot Lights
OtherBsmt10.01' x 25.00'
LaundryBsmt12.01' x 10.01'Closet
ExerciseBsmt12.01' x 10.01'Hardwood Floor, Pot Lights
Burlington Market Statistics
Burlington Price Trend
5008 Spruce Ave is a 4-bedroom 3-bathroom home listed for sale at $2,688,000, which is $1,178,527 (78.1%) higher than the average sold price of $1,509,473 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Burlington declined by $406,703 (21.2%) compared to the previous 30 day period (December 22 - January 20) and down $75,755 (4.8%) from the same time one year ago.
Inventory Change
There were 52 4-bedroom homes listed in Burlington over the last 30 days (January 21 - February 19), which is up 57.6% compared with the previous 30 day period (December 22 - January 20) and up 8.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Burlington typically sold ($67,178) (4.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $67,657 increase compared to the previous 30 day period (December 22 - January 20) and ($53,065) 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 4-bedroom homes in Burlington over the last 30 days (January 21 - February 19) stood at 36.5%, down from 51.5% over the previous 30 days (December 22 - January 20) and down from 72.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Burlington stood at 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Escarpment Realty Inc.,
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