1316 Nevarc Drive, Burlington, ON
Grindstone, Burlington · MLS® W14028488
About this home
In short
- A rare opportunity to own a truly private 3-bedroom bungalow set on approximately half an acre, surrounded by mature trees and distinguished executive homes.
- Offering approximately 1,750 sq. ft. of living space, this inviting home was designed for both everyday living and entertaining, with an open-concept layout and a...
- Professionally manicured lawns, a completely private setting, inground pool, covered rear porch and all-glass solarium create an incredible extension of the living...
A rare opportunity to own a truly private 3-bedroom bungalow set on approximately half an acre, surrounded by mature trees and distinguished executive homes. Offering approximately 1,750 sq. ft. of living space, this inviting home was designed for both everyday living and entertaining, with an open-concept layout and a kitchen overlooking the beautifully landscaped backyard. The outdoors is where this property truly shines. Professionally manicured lawns, a completely private setting, inground pool, covered rear porch and all-glass solarium create an incredible extension of the living space and an ideal backdrop for summer gatherings or quiet afternoons at home. A welcoming front sitting porch adds even more charm. Inside, reclaimed beams and a flagstone exterior bring character and warmth, while the attached one-car garage adds everyday convenience. Properties offering this combination of space, privacy, mature surroundings and an exceptional outdoor setting are rarely available. Only minutes away from the GoStation and highway access. A special home for those who love to entertain, enjoy the outdoors, and appreciate something a little different.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W14028488
- Bedrooms
- 3
- Bathrooms
- 2 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 110.83 × 208.12 ft
- Cross streets
- Nevarc & Craven
- Parking
- 1 garage · 7 parking (attached)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Pool
- Inground
- Property tax
- $4,704 / 2025
- Days on market
- 2
- Listing brokerage
- RE/MAX ESCARPMENT REALTY INC.
Listed at $1,150,000, about 1% below our estimate of $1.16M (homes like it typically land between $1.09M and $1.22M).
Total price vs nearby homes. Fair value about $1.16M, learned from recent GTA sales.
The market behind the math:
About 5 months of inventory: 5 detached homes for sale in the area against 3 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $657/sqft against an area asking average of $1,023/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 9 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $899K. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Open-concept layout: modern, sought-after flow. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Grindstone, so I widened the search to the surrounding area.
Based on 9 comparable homes that sold in Grindstone over the past two years, from 17 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 $1.16M, which is where my estimate comes from.
Per square foot, these ask about $923/sqft; this home lists at $657/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Burlington: $1.22M in September 2026, up 7% from a year ago, on 1,168 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Burlington as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.14M | 105 |
| November 2025 | $1.16M | 70 |
| December 2025 | $1.13M | 56 |
| January 2026 | $1.22M | 53 |
| February 2026 | $1.25M | 66 |
| March 2026 | $1.24M | 98 |
| April 2026 | $1.24M | 126 |
| May 2026 | $1.32M | 142 |
| June 2026 | $1.25M | 163 |
| July 2026 | $1.21M | 110 |
| August 2026 | $1.25M | 92 |
| September 2026 | $1.22M | 87 |
Neighbourhood & location
Grindstone, 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 16, 2026); conventional rates run a little higher.
Mortgage amount $920,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,087
- Property tax
- $392
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,479
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $19,475
- Estimated closing costs
- $19,475
Plus your down payment of $230,000. 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
- $305,210
- Principal paid down
- $112,407
- Interest paid
- $192,803
- Balance remaining
- $807,593
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 numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX ESCARPMENT REALTY INC.. MLS®/PropTx.