5358 PENETANGUISHENE Rd
Rural Springwater, Springwater, L0L 1P0
FOR SALE
$669,000
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Property Description
HEATED SHOP/GARAGE- This charming 2-bedroom + Den, 912 sq ft bungalow sits on nearly an acre of land near Orr Lake and backs onto Simcoe County Reforestation. This home offers an open concept living space that features a spacious family room and bright space just off this room that could be used as a dining area or sitting room. Included are two good sized bedrooms, a 4PC bathroom and kitchen with stainless steel appliances. Outdoors, enjoy a cozy covered front porch and a large rear deck, ideal for entertaining or relaxing. The expansive lawn offers plenty of room for games, campfires, and outdoor gatherings. The impressive, heated detached garage (5 years old) features epoxy floors, a TV, stainless steel fridge, built in bar and ample space for a workshop, storage or parking. Recent upgrades include a new roof (5 years), new furnace, stainless steel appliances (stove and fridge) and a brand-new washer and dryer. This property is ideal for storage of outdoor toys- snowmobiles, ATV's, boats, campers. Also amazing property for carpenters, with a heated shop and lots of outdoor space for equipment/materials.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-21 | 2025-01-07 | 78 | $699,500 | - | Terminated |
| 2024-06-24 | 2024-09-02 | 70 | $769,000 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
229' x 160'
Acreage
.50-1.99
Fronting
East
Taxes
$2,473 (2024)
Basement
Crawl Space, Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Well
Parking Spaces
10
Driveway
Other
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Breakfast | Main | 7.51' x 11.52' | |
| Kitchen | Main | 9.91' x 10.33' | |
| Great Rm | Main | 12.99' x 20.93' | |
| Office | Main | 7.51' x 11.52' | |
| Prim Bdrm | Main | 8.07' x 10.66' | |
| Br | Main | 8.07' x 9.91' |
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Springwater Market Statistics
Springwater Price Trend
5358 PENETANGUISHENE Rd is a 2-bedroom 1-bathroom home listed for sale at $669,000, which is $89,000 (15.3%) higher than the average sold price of $580,000 in the last 30 days (December 16 - January 14). During the last 30 days the average sold price for a 2 bedroom home in Springwater declined by $154,500 (21.0%) compared to the previous 30 day period (November 16 - December 15) and down $1,820,000 (75.8%) from the same time one year ago.Inventory Change
There were 3 2-bedroom homes listed in Springwater over the last 30 days (December 16 - January 14), which is down 62.5% compared with the previous 30 day period (November 16 - December 15) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Springwater typically sold ($31,920) (5.5%) below asking price over the last 30 days (December 16 - January 14), which represents a $32,679 increase compared to the previous 30 day period (November 16 - December 15) and ($99,999) 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 (December 16 - January 14) stood at 166.7%, up from 75.0% over the previous 30 days (November 16 - December 15) and up from 33.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Springwater stood at 29 days when successfully sold over the last 30 days (December 16 - January 14), compared to 80 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Locations North
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