3157 Palmer Drive
Palmer, Burlington
$950,000
Welcome to 3157 Palmer Dr, a wonderful family home located in Burlington's sought-after Palmer neighbourhood. Nestled on a family friendly street, this home offers a private backyard perfect for relaxing, entertaining or enjoying time with family and friends. Inside you'll find a bright and inviting layout featuring a combined living/dining room, three spacious bedrooms, 2 full bathrooms, and an updated kitchen designed for every day living. Ideally situated close to schools, parks, shopping & every day amenities, this home also offers convenience with quick access to Highway 403/QEW/407 and the GO Train, making commuting a breeze. Whether you're a first-time buyer, growing family, or downsizing, this is the perfect place to call home.
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| Type | Detached |
| Style | Backsplit 3 |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,265 |
| Lot Size | 50.09 ft x 100.16 ft |
| mls© Number | W13622316 |
| Listed By | REAL BROKER ONTARIO LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,863
- Property tax
- $355
- Heat allowance
- $150
- Housing costs
- $5,368 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$165,000
gross annual household income
- Payment at 4%
- $3,998 / mo
- Cash down
- $190,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
Values and trends
For detached listings, Palmer is currently a strong seller's market — homes are moving quickly and buyers are competing for them. Over May – July 2026, homes here typically sold in about 14 days and fetched 94% of the asking price. Buyer competition is running hotter than the same months last year.
- Demand
- 0.74
- Avg days on market
- 14 d
- Sale-to-list
- 94%
- Price change (YoY)
- -3.8%
Based on 20 sales
0.56
Balanced market
28days
-8 days vs the same month last year
$1,342,277
-5.5% vs a year ago
Nearby listings
Comparable sales
- No similar listings found.
