3125 Centennial Drive, Burlington, ON
Palmer, Burlington · MLS® W13800686
About this home
In short
- Welcome To This Beautifully Maintained 3+1 Bedroom Bungalow Situated On A Quiet, Mature Tree-Lined Street In A Highly Convenient Location.
- Bright & Spacious Main Floor Features A Welcoming Front-Facing Family Room With Large Picture Window, California Shutters & Hardwood Flooring.
- Recent Renovated Basement Provides Exceptional Additional Living Space With A Huge Recreation Room, 4th Bedroom, Full Bathroom, Laundry Area & Plenty Of Storage-Ideal...
- Steps To Parks & Schools, And Just Minutes To Highways, Shopping, Restaurants & All Amenities.
Welcome To This Beautifully Maintained 3+1 Bedroom Bungalow Situated On A Quiet, Mature Tree-Lined Street In A Highly Convenient Location! Bright & Spacious Main Floor Features A Welcoming Front-Facing Family Room With Large Picture Window, California Shutters & Hardwood Flooring. The Oversized Kitchen Offers Ample Custom Cabinetry & Flows Seamlessly Into A Cozy Dining Area, Perfect For Family Meals & Entertaining. Spacious Primary Bedroom With washroom. Freshly Painted Throughout! Recent Renovated Basement Provides Exceptional Additional Living Space With A Huge Recreation Room, 4th Bedroom, Full Bathroom, Laundry Area & Plenty Of Storage-Ideal For Extended Family, Guests Or A Growing Family. New Roof (2026). Enjoy The Private, Oversized Backyard With Mature Trees & A Large Stone Patio, Perfect For Outdoor Relaxation & Gatherings. Steps To Parks & Schools, And Just Minutes To Highways, Shopping, Restaurants & All Amenities. A Wonderful Family Home In A Great Location-Move In & Enjoy!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13800686
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 3
- Size
- 1100-1500 sq ft
- Lot
- 55.91 × 100 ft
- Cross streets
- Guelph Line/Centennial Dr
- Parking
- 2 parking
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,664 / 2025
- Days on market
- 5
- Listing brokerage
- HOMELIFE NEW WORLD REALTY INC.
Rooms
Listed at $898,000. 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 $876K, if it sells. A realistic range is $820K to $987K.
Independent value check: $891K. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $835K and $934K).
Why $891K. 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 $4,664 a year; the typical home sold here pays about $4,900.
- ▲ Raises it slightly3+1 bedrooms and 3 baths, against 3+1 and 2 typically.
Total price vs nearby homes. Likely closing about $876K, from 11 recent closings in this pocket.
The market behind the math:
About 3 months of inventory: 11 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 $691/sqft against an area asking average of $748/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 $863K. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
On location, this is a more car-dependent spot, so buyers here typically drive. Guelph at Centennial is about a 7-minute walk away. Worth weighing if transit access matters to you.
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.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing 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 $891K, which is where my estimate comes from.
Per square foot, these ask about $735/sqft; this home lists at $691/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 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.
Getting around
Car-DependentA 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 OpenStreetMap contributors.
Almost all errands require a car — groceries and transit are a drive away.
🚉 Nearest transit: Guelph at Centennial, about 590 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
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 $718,400 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,932
- Property tax
- $389
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,321
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,435
- Estimated closing costs
- $14,435
Plus your down payment of $179,600. 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
- $235,940
- Principal paid down
- $88,825
- Interest paid
- $147,115
- Balance remaining
- $629,575
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 $3,921. 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 HOMELIFE NEW WORLD REALTY INC.. MLS®/PropTx.