659 Cherrywood Drive, Burlington, ON
LaSalle, Burlington · MLS® W13824764
About this home
In short
- Welcome to 659 Cherrywood Drive, a beautifully updated 3-level back-split ideally situated on a mature, tree-lined street in highly sought-after Aldershot.
- Inside, the bright and spacious interior features generous living and dining areas, hardwood flooring, pot lights, upgraded light fixtures, upgraded trim and...
- The beautifully renovated kitchen features quartz countertops, a large centre island with seating, contemporary backsplash, abundant cabinetry, pantry storage and...
- The backyard is a true oasis, surrounded by mature trees and featuring a stone patio, backyard inground sprinkler system and large storage shed, all against the...
- Ideally located close to the lake, parks, schools, downtown Burlington, golf courses, shopping and major highways, this exceptional home offers the perfect blend of...
Welcome to 659 Cherrywood Drive, a beautifully updated 3-level back-split ideally situated on a mature, tree-lined street in highly sought-after Aldershot. Set on an impressive 61.85 x 118 ft lot backing directly onto a scenic trail, the home features beautiful landscaping, a double-car garage, expansive driveway and large covered front porch. Inside, the bright and spacious interior features generous living and dining areas, hardwood flooring, pot lights, upgraded light fixtures, upgraded trim and baseboards, and stylish window coverings throughout. The beautifully renovated kitchen features quartz countertops, a large centre island with seating, contemporary backsplash, abundant cabinetry, pantry storage and upgraded stainless steel appliances. A separate family room provides another inviting living space, featuring slate flooring and large windows providing an abundance of natural light. The primary bedroom offers his-and-hers closets, while the impressive 5-piece main bathroom features a double-sink vanity, separate glass shower and relaxing soaker tub.The lower level offers a spacious recreation room with a gas fireplace and oversized windows that bring in an abundance of natural light, along with an additional bedroom, updated 3-piece bathroom and separate side entrance.The backyard is a true oasis, surrounded by mature trees and featuring a stone patio, backyard inground sprinkler system and large storage shed, all against the peaceful backdrop of the trail. Ideally located close to the lake, parks, schools, downtown Burlington, golf courses, shopping and major highways, this exceptional home offers the perfect blend of privacy, convenience and lifestyle.
Key facts
- Property type
- Detached, Backsplit 3
- MLS®
- W13824764
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 61.85 × 118 ft
- Cross streets
- King Rd/North Shore Blvd E
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private Double
- Basement
- Finished with Walk-Out, Partial Basement
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,137 / 2026
- Days on market
- 22
- Listing brokerage
- SUTTON GROUP - SUMMIT REALTY INC.
Rooms
W/O To Yard
bow window · combined w/dining · combined w/kitchen
centre island · pantry · pot lights
combined w/living · combined w/kitchen
slate flooring · w/o to patio · w/o to garage
gas fireplace · large window
His and Hers Closets
Listed at $1,249,900. Going by how homes in LaSalle and the wider GTA have actually closed against their asking prices (about 98%, 21 local closings in 90 days), the likely sale price is near $1.22M, if it sells. A realistic range is $1.15M to $1.38M.
Independent value check: $1.38M. Without looking at the asking price, our model values the home itself about 10% above the ask (homes like it typically land between $1.29M and $1.45M).
Why $1.38M. The typical detached home sold in LaSalle over the past year went for about $1.20M (86 sales). What sets this one apart:
- ▲ Raises it stronglyThe listing describes it as fully renovated or newly built.
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $7,137 a year; the typical home sold here pays about $6,300.
Total price vs nearby homes. Likely closing about $1.22M, from 21 recent closings in this pocket.
The market behind the math:
About 4.3 months of inventory: 30 detached homes for sale in the area against 21 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $714/sqft against an area asking average of $887/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. In LaSalle basements rarely rent out (4 of 45 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the Town of Burlington.
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 21 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.37M. 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
- 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
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in LaSalle, so I widened the search to the surrounding area.
Based on 21 comparable homes that sold in LaSalle over the past two years, from 188 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 $1.38M, which is where my estimate comes from.
Per square foot, these ask about $826/sqft; this home lists at $714/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in LaSalle: $995K in September 2026, up 6% from a year ago, on 87 closings in 10 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.09M | 12 |
| November 2025 | $1.21M | 5 |
| December 2025 | $925K | 5 |
| February 2026 | $1.38M | 6 |
| March 2026 | $1.45M | 8 |
| April 2026 | $1.21M | 8 |
| May 2026 | $2.42M | 7 |
| June 2026 | $1.25M | 16 |
| July 2026 | $1.06M | 10 |
| September 2026 | $995K | 10 |
Neighbourhood & location
LaSalle, 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 4.34% via Ratehub.ca (as of October 17, 2026); conventional rates run a little higher.
Mortgage amount $999,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,529
- Property tax
- $595
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,123
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $21,473
- Estimated closing costs
- $21,473
Plus your down payment of $249,980. 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
- $331,724
- Principal paid down
- $122,172
- Interest paid
- $209,552
- Balance remaining
- $877,748
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 LaSalle basements rarely rent out (4 of 45 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 12 whole-home leases in LaSalle signed at a median of $3,208 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,808. 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 - SUMMIT REALTY INC.. MLS®/PropTx.