5008 Spruce Ave
Roseland, Burlington, L7L 1M7
FOR SALE
$2,868,000
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BEDROOMS3
BATHROOMS1
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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.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
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 |
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
66' x 158'
Fronting
South
Taxes
$5,208 (2023)
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
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 10.66' x 24.74' | Hardwood Floor, Pot Lights, Fireplace |
Dining | Main | 24.34' x 18.77' | Hardwood Floor, W/O To Pool, Combined W/Kitchen |
Kitchen | Main | 24.34' x 18.77' | Hardwood Floor, Breakfast Bar, Quartz Counter |
Prim Bdrm | 2nd | 21.10' x 16.34' | Hardwood Floor, W/I Closet, 6 Pc Ensuite |
2nd Br | 2nd | 13.32' x 11.15' | Hardwood Floor, Window, Pot Lights |
3rd Br | 2nd | 8.99' x 9.42' | Hardwood Floor, Window, Pot Lights |
4th Br | 2nd | 12.76' x 10.01' | Hardwood Floor, Window, Pot Lights |
Family | Lower | 24.25' x 14.83' | Hardwood Floor, Pot Lights, Pot Lights |
Other | Bsmt | 10.01' x 25.00' | |
Laundry | Bsmt | 12.01' x 10.01' | Closet |
Exercise | Bsmt | 12.01' x 10.01' | Hardwood Floor, Pot Lights |
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Burlington Market Statistics
Burlington Price Trend
5008 Spruce Ave is a 4-bedroom 3-bathroom home listed for sale at $2,868,000, which is $1,225,239 (74.6%) higher than the average sold price of $1,642,761 in the last 30 days (October 2 - October 31). During the last 30 days the average sold price for a 4 bedroom home in Burlington declined by $35,977 (2.1%) compared to the previous 30 day period (September 2 - October 1) and up $189,971 (13.1%) from the same time one year ago.Inventory Change
There were 73 4-bedroom homes listed in Burlington over the last 30 days (October 2 - October 31), which is down 13.1% compared with the previous 30 day period (September 2 - October 1) and up 4.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Burlington typically sold ($54,357) (3.3%) below asking price over the last 30 days (October 2 - October 31), which represents a $8,753 decrease compared to the previous 30 day period (September 2 - October 1) and ($61,064) 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 4-bedroom homes in Burlington over the last 30 days (October 2 - October 31) stood at 64.4%, up from 57.1% over the previous 30 days (September 2 - October 1) and up from 44.3% 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 21 days when successfully sold over the last 30 days (October 2 - October 31), compared to 41 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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