5575 Twelve Mile Tr
Orchard, Burlington, L7L 7N1
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BEDROOMS1
BATHROOMS1
KITCHENS11
ROOMSW3700747
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Property Description
Once In A Lifetime Opportunity. This Incredible Property At The End Of Twelve Mile Trail Has Been In The Same Family For 40+ Years. Steps To Bronte Creek And The Twelve Mile Trail Walking Path This Is A Premier Lot On A Street Of Multi-Million Dollar Homes. Create One Showpiece Home Or Apply To Sub-Divide The Lot Into An Estimated 3, 4, 5+ Detached Building Lots Or 6 Executive Town Home Lots. Zoned 'D' [Development] By The City Of Burlington.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2019-01-21 | 2019-06-30 | 160 | $2,990,000 | - | Expired |
Extras
Surveys And Drawings Have Been Completed On The Property And Are Available Upon Request. Drawing Show Potential 4, 5 And 6 Lot Designs. Estimated Development/Building Costs And Estimated As Completed Sales Prices Available As Well.
Property Features
River/Stream, Wooded/Treed
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
263' x 216'
Acreage
.50-1.99
Lot Irregularities
262.95 X 216.22 X 333.49
Fronting
North
Taxes
$6,655 (2016)
Basement
Crawl Space, Unfinished
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Well
Parking Spaces
6
Driveway
Circular
Garage Type
Attached
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Burlington Market Statistics
Burlington Price Trend
5575 Twelve Mile Tr is a 3-bedroom 1-bathroom home listed for sale at $2,100,000, which is $893,318 (74.0%) higher than the average sold price of $1,206,682 in the last 30 days (March 10 - April 8). During the last 30 days the average sold price for a 3 bedroom home in Burlington increased by $86,240 (7.7%) compared to the previous 30 day period (February 9 - March 9) and up $29,932 (2.5%) from the same time one year ago.Inventory Change
There were 87 3-bedroom homes listed in Burlington over the last 30 days (March 10 - April 8), which is up 8.7% compared with the previous 30 day period (February 9 - March 9) and up 14.5% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Burlington typically sold $14,530 (1.2%) above asking price over the last 30 days (March 10 - April 8), which represents a $32,255 increase compared to the previous 30 day period (February 9 - March 9) and ($3,747) 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 (March 10 - April 8) stood at 100.0%, up from 87.5% over the previous 30 days (February 9 - March 9) and up from 92.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Burlington stood at 10 days when successfully sold over the last 30 days (March 10 - April 8), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Real Estate Associates, Brokerage
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