1237 Sycamore Drive, Burlington, ON
Palmer, Burlington · MLS® W13811936
About this home
In short
- Welcome to 1237 Sycamore Drive - a substantially renovated detached family home situated on a quiet, established cul-de-sac in Burlington's desirable Palmer...
- The extensive renovation includes new flooring throughout, pot lights, fully renovated bathrooms and a finished basement.
- Outside, the property provides a large, private backyard with an inground pool.
- Conveniently located close to schools, parks, shopping, the QEW and Highway 407.
- Priced very competitively in relation to recent neighbourhood sales, this property offers buyers the opportunity to purchase a substantially renovated family home...
Welcome to 1237 Sycamore Drive - a substantially renovated detached family home situated on a quiet, established cul-de-sac in Burlington's desirable Palmer neighbourhood.The original four-bedroom layout has been thoughtfully redesigned into three more comfortable bedrooms. The spacious primary bedroom now features a large, newly created ensuite bathroom with a window, as well as a walk-in closet - a significant improvement over the home's original layout, where all four bedrooms shared a single bathroom.The extensive renovation includes new flooring throughout, pot lights, fully renovated bathrooms and a finished basement. The bright, modernized interior offers a practical family layout with only the final finishing touches remaining.Outside, the property provides a large, private backyard with an inground pool. An attached single garage is complemented by a generous driveway accommodating approximately three to four additional vehicles, depending on their size.Conveniently located close to schools, parks, shopping, the QEW and Highway 407. Priced very competitively in relation to recent neighbourhood sales, this property offers buyers the opportunity to purchase a substantially renovated family home without facing the expense, delays and inconvenience of completing a major renovation themselves.The sellers are committed to achieving a timely sale, and a quick closing is preferred.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13811936
- Bedrooms
- 3
- Bathrooms
- 4 (1 half)
- Size
- 1100-1500 sq ft
- Lot
- 36.28 × 122.26 ft
- Cross streets
- Guelph Line/Centennial
- Parking
- 1 garage · 4 parking (attached)
- Basement
- Finished, Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Vinyl Siding
- Foundation
- Concrete
- Roof
- Fibreglass Shingle
- Sewer
- None
- Pool
- Inground
- Property tax
- $4,669 / 2025
- Days on market
- 1
- Listing brokerage
- SUTTON GROUP QUANTUM REALTY INC.
Rooms
Laminate
laminate · combined w/great rm · overlooks backyard
large closet · laminate
walk-out · sliding doors · combined w/kitchen
laminate · pot lights
granite counters · modern kitchen · stainless steel appl
laminate · pot lights · 4 pc bath
Broadloom
3 pc ensuite · walk-in closet(s) · laminate
Listed at $1,099,000. 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 $1.07M, if it sells. A realistic range is $1.00M to $1.21M.
Independent value check: $965K. Without looking at the asking price, our model values the home itself about 12% below the ask (homes like it typically land between $904K and $1.01M).
Why $965K. 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 $4,669 a year; the typical home sold here pays about $4,900.
- ▲ Raises it3 bedrooms and 4 baths, against 3+1 and 2 typically.
Total price vs nearby homes. Likely closing about $1.07M, 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 $845/sqft against an area asking average of $740/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 $905K. 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. 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
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
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
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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 $965K, which is where my estimate comes from.
Per square foot, these ask about $771/sqft; this home lists at $845/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.
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 $879,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,813
- Property tax
- $389
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,202
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,455
- Estimated closing costs
- $18,455
Plus your down payment of $219,800. 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
- $288,751
- Principal paid down
- $108,707
- Interest paid
- $180,044
- Balance remaining
- $770,493
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 $3,946. 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 SUTTON GROUP QUANTUM REALTY INC.. MLS®/PropTx.