3245 Lansdown Drive, Burlington, ON
Palmer, Burlington · MLS® W13680846
About this home
In short
- Welcome to 3245 Lansdown Drive-a fantastic opportunity to create the home you've always envisioned in a highly sought-after Burlington neighbourhood.
- Commuters will appreciate the easy access to public transit, GO stations, and major highways including the QEW, 403, and 407, providing convenient travel throughout...
Welcome to 3245 Lansdown Drive-a fantastic opportunity to create the home you've always envisioned in a highly sought-after Burlington neighbourhood! Offering a traditional and functional layout with great bones and endless potential, this well-loved home is ready for its next chapter. Whether you're a first-time buyer, growing family, renovator, or investor, the original interior provides the perfect blank canvas to update, personalize, and add value at your own pace.Located in a mature, family-friendly community, this home is surrounded by tree-lined streets and a welcoming suburban atmosphere. The area is known for its strong sense of community, excellent schools, and abundance of nearby parks and green spaces, making it ideal for families and outdoor enthusiasts alike. You're just minutes from everyday conveniences including shopping centres, grocery stores, cafes, and a wide variety of restaurants along major nearby corridors.Commuters will appreciate the easy access to public transit, GO stations, and major highways including the QEW, 403, and 407, providing convenient travel throughout the GTA. The waterfront is also within a short drive, offering scenic trails, marinas, and beautiful Lake Ontario views for weekend relaxation.Bring your ideas and transform this Burlington home into something truly special. Opportunities like this in such a well-established and connected neighbourhood don't come along often-book your private showing today!
Key facts
- Property type
- Detached, Backsplit 3
- MLS®
- W13680846
- Bedrooms
- 3
- Bathrooms
- 2 (1 half)
- Size
- 1100-1500 sq ft
- Lot
- 49.93 × 104.5 ft
- Cross streets
- Palmer Dr & Walkers Line
- Parking
- 1 garage · 5 parking (attached)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,440 / 2025
- Days on market
- 37
- Listing brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Rooms
Listed at $880,000. Going by how homes in Palmer and the wider GTA have actually closed against their asking prices (about 98%, 11 local closings in 90 days), the likely sale price is near $858K, if it sells. A realistic range is $804K to $967K.
Independent value check: $849K. Without looking at the asking price, our model values the home itself about 4% below the ask (homes like it typically land between $795K and $889K).
Why $849K. The typical detached home sold in Palmer over the past year went for about $968K (52 sales). What sets this one apart:
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $4,440 a year; the typical home sold here pays about $4,900.
Longer on the market than typical. 37 days on the market against about 18 for homes like it here, and asking 4% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $858K, from 11 recent closings in this pocket.
The market behind the math:
About 2.7 months of inventory: 10 detached homes for sale in the area against 11 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $677/sqft against an area asking average of $757/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 11 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $791K. Condition and finishes remain an in-person call.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Palmer, so I widened the search to the surrounding area.
Based on 11 comparable homes that sold in Palmer over the past two years, from 95 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $792/sqft; this home lists at $677/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Palmer, Burlington, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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
Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 23, 2026); conventional rates run a little higher.
Mortgage amount $704,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,854
- Property tax
- $370
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,224
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,075
- Estimated closing costs
- $14,075
Plus your down payment of $176,000. 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
- $231,211
- Principal paid down
- $87,044
- Interest paid
- $144,166
- Balance remaining
- $616,956
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 numbersThe last 9 whole-home leases in Palmer signed at a median of $3,917 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,746. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.