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Appleby, Burlington
$1,699,000
Welcome to 5014 Spruce Avenue, where beautifully renovated and reimagined bungalow living meets a peaceful natural setting in an established and coveted South Burlington neighbourhood. Set on an impressive 100-foot-wide lot backing onto green space along Appleby Creek, offering privacy and serenity. This home offers approximately 1,700 sq. ft. of warm, contemporary main-floor living. The open-concept kitchen is designed for everyday living and gathering, with quartz countertops, a generous island, gas range and thoughtfully planned storage. It flows into the dining and living areas, with backyard views from the kitchen sink.Three main-floor bedrooms include a primary suite with walk-in closet and three-piece ensuite. The other two bedrooms share a Jack-and-Jill bathroom, while a guest powder room and direct garage access add convenience. Downstairs, the finished lower level offers a spacious recreation room, fourth bedroom, bathroom, laundry, cold storage and additional unfinished space with future possibilities. Enjoy a connection to nature in the backyard, with green space / ravine, while staying close to everything. Walk to parks, schools, shopping, everyday amenities and the lake; Appleby GO Station and downtown Burlington are a short drive away. Whether you're downsizing without sacrificing space or looking for room for a changing family, 5014 Spruce Avenue brings together comfort, versatility and location. A home designed for the way you want to live.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,696
- Property tax
- $663
- Heat allowance
- $150
- Housing costs
- $9,509 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$293,000
gross annual household income
- Payment at 4%
- $7,150 / mo
- Cash down
- $339,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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