5500 ROMANWOOD Cres

FOR SALE
$1,149,900
5500 ROMANWOOD Cres, Burlington
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
7 + 4
ROOMS
W10407415
MLSID
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Property Description
Wonderful updated 3 bedroom, 2 full bath home on a quiet, family friendly street in Elizabeth Gardens. Updated throughout including kitchen, lower level recreation room and playroom, bathrooms (including addition of 2nd bathroom in lower level, flooring, air conditioner (2024). Side door to patio and rear yard installed. Single car garage with extended double drive. Spectacular sheltered and private back and side yard includes hot tub, entertainment area covered by gazebo, fire pit area, shed for additional storage. Gas line for BBQ and fire pit. Perfect for family and friends to gather throughout the year. Long closing preferred (March 2025)
Nearby Intersections
Property Details
Community
Property Type
Detached, Multi-Level
Lot Size
50' x 113'
Acreage
< .50
Lot Irregularities
50FT X 112.75 IRREG
Fronting
North
Taxes
$4,434 (2024)
Basement
Part Bsmt, Part Fin
Exterior
Brick, Metal/Side
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
KitchenMain9.32' x 15.81'
LivingMain13.22' x 15.32'Bay Window, Laminate
DiningMain9.81' x 8.14'Laminate
Bathroom2nd7.35' x 7.91'Double Sink
Prim Bdrm2nd8.56' x 13.81'
Br2nd11.38' x 12.89'
Br2nd8.99' x 11.58'
RecBsmt11.84' x 20.51'
BathroomBsmt6.07' x 9.91'
OtherBsmt6.82' x 10.17'
OtherLower7.58' x 9.84'
Burlington Market Statistics
Burlington Price Trend
5500 ROMANWOOD Cres is a 3-bedroom 2-bathroom home listed for sale at $1,149,900, which is $51,395 (4.7%) 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 Re/Max Aboutowne Realty Corp., Brokerage
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