1008 Rainbow Valley Rd W
Rural Springwater, Springwater, L0L 2K0
FOR SALE
$1,998,800
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2 + 1
BEDROOMS2
BATHROOMS1
KITCHENS6 + 1
ROOMSS8227720
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Property Description
Imagine a property that isn't just a space but a canvas for your entrepreneurial dreams a versatile gem located in the heart of Springwater on a corner lot with rural residential Rainbow Valley rd on one side and Hwy 27 on the other. This remarkable offering is a 1.36acre property with a detached side split, separate garage, and workshop. The property presents a world of opportunities for the savvy investor or business owner making it stand out in a busy street full of potential customers. The local demographic is kick-back country, focussing on a lifestyle with gardens, pets, plenty of fishing and hunting, offering a wide customer base for a variety of business concepts. Accessibility is a key feature of this property, with ample parking space available and two private entry points to access the property. This ensures that whatever business venture you decide to embark on will be easily reachable for both customers and employees. This property is not just a building; it's a launchpad for your next big venture. With its prime location, flexible space, and commercial potential, it's an investment that promises growth and success. An innovative co-working space, this property provides the perfect backdrop to bring your business dreams to life. EXTRA FEATURE: Attached survey shows a pre-severed lot!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-10-13 | 2024-01-31 | 110 | $2,999,000 | - | Expired |
Extras
Extra: About 10mins to HWY400, 11mins to Horseshoe Valley Resort, 15mins to Snow Valley Resort, up the road to Elmvale, Mins to Trans Canada Trail, a Quick drive to Wasaga beach, and more!
Property Features
Part Cleared, Wooded/Treed
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Property Details
Street
Community
City
Property Type
Detached, Sidesplit 3
Acreage
.50-1.99
Fronting
North
Taxes
$3,000 (2024)
Basement
Part Bsmt, Part Fin
Exterior
Alum Siding
Heat Type
Other
Heat Source
Other
Air Conditioning
Central Air
Water
Well
Parking Spaces
6
Driveway
Private
Garage Type
Detached
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Springwater Market Statistics
Springwater Price Trend
1008 Rainbow Valley Rd W is a 2-bedroom 2-bathroom home listed for sale at $1,998,800, which is $1,068,943 (115.0%) higher than the average sold price of $929,857 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 2 bedroom home in Springwater declined by $27,643 (2.9%) compared to the previous 30 day period (February 29 - March 29) and down $405,143 (30.3%) from the same time one year ago.Inventory Change
There were 13 2-bedroom homes listed in Springwater over the last 30 days (March 30 - April 28), which is up 30.0% compared with the previous 30 day period (February 29 - March 29) and up 30.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Springwater typically sold ($28,926) (3.1%) below asking price over the last 30 days (March 30 - April 28), which represents a $36,976 decrease compared to the previous 30 day period (February 29 - March 29) and ($36,959) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Springwater over the last 30 days (March 30 - April 28) stood at 53.8%, up from 20.0% over the previous 30 days (February 29 - March 29) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Springwater stood at 10 days when successfully sold over the last 30 days (March 30 - April 28), compared to 25 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Trends Group Realty
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