3202 Centennial Drive, Burlington, ON
Palmer, Burlington · MLS® W13765008
About this home
In short
- The Open concept kitchen features quartz counters, a gas range stove, wine fridge section, and a large pantry, and opening to a bright living and dining area with...
- The lower level adds a large Rec Room and a Second Full Bath. Premium Lot Widens at back to 66.74 ft, and one side 127 ft deep.
- The Private backyard is a true highlight, with a heated (In-Ground Pool) surrounded by mature trees and landscaping, ideal for relaxing or entertaining.
- Recent updates include a Newer Furnace, A/C, and Hwt, updated wiring, all Newer Pool Equipment, and lighting.
- Ideal for comfortable and stylish living with a stunning "Poolside Oasis".
Welcome to 3202 Centennial Drive in Burlington's sought after Palmer community. This beautifully updated 3-Bedroom, 2-Bathroom backsplit home offers modern comfort and style. The Open concept kitchen features quartz counters, a gas range stove, wine fridge section, and a large pantry, and opening to a bright living and dining area with hardwood floors. Upstairs features spacious bedrooms and a main bath with marble floors, large shower, and whirlpool tub provide a relaxing retreat. The lower level adds a large Rec Room and a Second Full Bath. *Premium Lot Widens at back to *66.74 ft, and one side *127 ft deep. The Private backyard is a true highlight, with a heated (In-Ground Pool) surrounded by mature trees and landscaping, ideal for relaxing or entertaining. Recent updates include a Newer Furnace, A/C, and Hwt, updated wiring, all Newer Pool Equipment, and lighting. Features a double driveway with an attached garage with backyard access. Located close to top schools, parks, shopping, GO Transit, and highways. This beautiful home offers peaceful living with easy city access. Ideal for comfortable and stylish living with a stunning "Poolside Oasis". Flexible Closing!
Key facts
- Property type
- Detached, Backsplit 3
- MLS®
- W13765008
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1500-2000 sq ft
- Lot
- 38.16 × 118 ft
- Cross streets
- Guelph Line and Upper Middle Road
- Parking
- 1 garage · 3 parking (attached)
- Basement
- Separate Entrance, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Vinyl Siding
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $4,554 / 2025
- Days on market
- 12
- Listing brokerage
- REMAX YOUR COMMUNITY REALTY
Rooms
hardwood floor · overlooks pool · 4 pc ensuite
hardwood floor · overlooks backyard · large window
hardwood floor · open concept · pot lights
Laminate
3 Pc Bath
hardwood floor · overlooks backyard · large window
porcelain floor · open concept · overlooks living
hardwood floor · closet
hardwood floor · overlooks frontyard · open concept
Listed at $1,059,900. 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 $1.03M, if it sells. A realistic range is $968K to $1.16M.
Independent value check: $931K. Without looking at the asking price, our model values the home itself about 12% below the ask (homes like it typically land between $873K and $976K).
Why $931K. The typical detached home sold in Palmer over the past year went for about $968K (52 sales). What sets this one apart:
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $4,554 a year; the typical home sold here pays about $4,900.
- ▲ Raises it slightlyIt is 1,500 to 2,000 sq ft; the typical home sold here is 1,100 to 1,500.
Total price vs nearby homes. Likely closing about $1.03M, 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 $606/sqft against an area asking average of $764/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 $916K. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($606/sqft) is below the area, so you are paying for extra space rather than a premium.
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.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $931K, which is where my estimate comes from.
Per square foot, these ask about $763/sqft; this home lists at $606/sqft. Size is part of the price story, not just the sticker.
The 4 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 $847,920 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,641
- Property tax
- $380
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,021
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $17,673
- Estimated closing costs
- $17,673
Plus your down payment of $211,980. 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
- $278,478
- Principal paid down
- $104,839
- Interest paid
- $173,639
- Balance remaining
- $743,081
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
About the suite: in Palmer basements rarely rent out (1 of 16 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
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 8 whole-home leases in Palmer signed at a median of $4,130 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,139. 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 REMAX YOUR COMMUNITY REALTY. MLS®/PropTx.