5071 Spruce Ave
Shoreacres, Burlington, L7L 1M6
FOR SALE
$2,499,000
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Property Description
Just steps from the lake, this custom designed home by architect Giorgio Frasca, located in South Burlington blends modern elegance with timeless charm, nestled on an extra deep ravine lot that backs onto the serene Appleby Creek. Offering both tranquility and convenience, this property is ideal for those who desire a peaceful retreat close to city amenities. As you step inside, you're greeted by a grand open-to-above entryway, creating a bright and welcoming atmosphere. The home features clean lines and sophisticated finishes throughout, showcasing the meticulous attention to detail and craftsmanship. The main level is highlighted by a chefs dream kitchen, complete with high-end appliances and quartz countertops, making it the perfect space for both entertaining and everyday living. The seamless transition to the stunning private exterior offers a cottage-like experience, ideal for relaxing or hosting guests. Upstairs, three well-appointed bedrooms provide comfort and style. The master suite serves as a luxurious sanctuary, featuring two large windows with views of the beautiful ravine lot, a wall-to-wall closet, an additional walk-in closet, and an ensuite bathroom designed for ultimate relaxation. The two additional bedrooms overlook the main living area and share a convenient Jack and Jill bathroom. The fully finished lower level adds even more versatility to the home, featuring a spacious family room with large windows and a gas fireplace, a full bathroom, a laundry room with a separate entrance to the yard, and ample storage space. The size and layout work perfectly for either a single-family or multi-generational family, offering flexibility and room for everyone. Located close to the lake, shopping, and restaurants, this unique home offers the best of both worldsa serene setting with easy access to everything you need.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-09-20 | 2024-11-01 | 42 | $2,599,000 | - | Terminated |
Nearby Intersections
Appleby & Lakeshore (11)
Property Features
Grnbelt/Conserv, Park, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Sidesplit 4
Approximate Sq.Ft.
2000-2500
Lot Size
65' x 201'
Acreage
< .50
Lot Irregularities
202.81 ft x 55.10 ft x 189.45 ft x 64
Fronting
North
Taxes
$8,658 (2024)
Basement
None
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
5
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 15.75' x 9.25' | |
Dining | Main | 15.75' x 9.25' | |
Living | Main | 21.00' x 18.50' | |
Prim Bdrm | 2nd | 14.01' x 21.65' | W/I Closet, 5 Pc Ensuite |
2nd Br | 3rd | 10.33' x 13.25' | |
3rd Br | 3rd | 10.93' x 17.42' | |
Family | Lower | 25.26' x 12.60' | |
Laundry | Lower | 15.58' x 11.25' |
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Burlington Market Statistics
Burlington Price Trend
5071 Spruce Ave is a 3-bedroom 3-bathroom home listed for sale at $2,499,000, which is $1,396,336 (126.6%) higher than the average sold price of $1,102,664 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 3 bedroom home in Burlington declined by $119,836 (9.8%) compared to the previous 30 day period (September 22 - October 21) and down $127,324 (10.4%) from the same time one year ago.Inventory Change
There were 109 3-bedroom homes listed in Burlington over the last 30 days (October 22 - November 20), which is up 0.9% compared with the previous 30 day period (September 22 - October 21) and up 28.2% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Burlington typically sold ($20,752) (1.9%) below asking price over the last 30 days (October 22 - November 20), which represents a $16,228 increase compared to the previous 30 day period (September 22 - October 21) and ($37,565) 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 22 - November 20) stood at 89.0%, up from 75.9% over the previous 30 days (September 22 - October 21) and up from 51.8% 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 32 days when successfully sold over the last 30 days (October 22 - November 20), compared to 40 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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