280 Penn Drive, Burlington, ON
Roseland, Burlington · MLS® W13476170
About this home
Welcome to one of Burlington's most coveted locations on Penn Drive. Nestled on this picturesque, tree-lined street in Roseland, south of Spruce, this beautifully updated custom-built home combines timeless craftsmanship with thoughtful modern renovations. Classic architectural details such as plaster walls, coved ceilings, vaulted bedroom ceilings, and a stunning stone fireplace showcase the quality and character rarely found in newer homes.The extensively renovated interior features a beautifully updated kitchen and bathrooms, along with upgraded flooring throughout. The inviting sunken living room, anchored by the stone fireplace, offers the perfect space to relax and entertain.Set on an impressive nearly quarter-acre lot, the property boasts expansive lawns, mature trees, cedar hedges, an oversized double garage, and a concrete driveway. The professionally landscaped grounds create a private outdoor retreat, complete with a charming "secret garden," a sunroom overlooking the backyard, and a secluded patio surrounding the solar-heated inground pool.The finished basement adds valuable living space, offering a large recreation room, a home office area, and a convenient 3-piece bathroom - ideal for family living, guests, or working from home. Meticulously maintained and ideally located, this exceptional home is within walking distance of some of Burlington's highest-rated schools, including John T. Tuck Public School, St. Raphael Catholic Elementary School, Nelson High School, and Assumption Catholic Secondary School. Enjoy easy access to Burlington's waterfront, vibrant downtown, GO Station, and major highways, making this a truly outstanding opportunity in one of the city's most desirable neighbourhoods.
Key facts
- Property type
- Detached, Sidesplit
- MLS®
- W13476170
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000
- Lot
- 135.44 × 80.41 ft
- Cross streets
- Spruce Avenue
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private Double
- Basement
- Finished, Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Wood
- Foundation
- Block, Concrete, Wood
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $9,097 / 2026
- Days on market
- 25
- Listing brokerage
- KELLER WILLIAMS EDGE REALTY
Rooms
Listed at $1,599,900, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Roseland, so I widened the search to the surrounding area.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.05M, higher than the comparables and worth a second look. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.10M
- Bathrooms +$15K
- Adjusts to $1.11M
That comparable adjusts to $1.11M; the $1.47M estimate above is the median of all 5 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. New at Elwood is about a 8-minute walk away.
Total price vs nearby homes. Fair value about $1.47M, median of 5 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Value driver
- Weigh carefully
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 13% below the area average of $1,052/sqft.
15 days longer than the Burlington average (10 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Roseland, Burlington, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: New at Elwood, about 605 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Burlington.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $1,279,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,830
- Property tax
- $758
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,588
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,473
- Estimated closing costs
- $28,473
Plus your down payment of $319,980. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $409,808
- Principal paid down
- $162,998
- Interest paid
- $246,810
- Balance remaining
- $1,116,922
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of KELLER WILLIAMS EDGE REALTY. MLS®/PropTx.