5474 Penetanguishene Rd

FOR SALE
$899,000
5474 Penetanguishene Rd, Springwater
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4 + 1
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
6 + 1
ROOMS
S8368348
MLSID
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Property Description
Welcome to your dream west facing waterfront retreat! Home to sunsets for life! This exquisite property on Orr Lake offers the perfect blend of seclusion and accessibility, located just 20 minutes from Barrie and a mere a hour and twenty from Toronto. Nestled on a picturesque, treed acre with 56 ft of private waterfront, this haven provides an ideal escape from the hustle and bustle of city life. Both homes on the property are move-in ready. The main home features 2 cozy bedrooms, 1 modern bath, and laundry facilities. You can enjoy this charming property year-round. Additionally, a beautifully updated bunkie with electircty is just steps away, perfect for hosting extra guests. A standout feature is the large, additional detached 1 car garage house. This versatile auxiliary house includes 2 bedrooms, 1 bath, and a spacious kitchen/living area, offering endless possibilities for use.This property is not just a personal paradise but also a fantastic investment opportunity. Its close proximity to Wasaga Beach, St. Louis Moonstone, and Horseshoe Valley Ski Resort makes it an attractive option for four-season rentals, potentially generating over $100K in annual income. Whether you're seeking a serene family retreat or a profitable rental property, this waterfront gem offers endless possibilities and incredible potential. Dont miss out on this unique opportunity! Use one property for personal use or rent one out to cover a portion of your mortgage!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2019-09-24 2019-11-29 65 $634,900 - Expired
2019-09-25 2019-11-29 65 $634,900 - Expired
Property Details
Property Type
Detached, Bungalow
Lot Size
57' x 952'
Acreage
.50-1.99
Lot Irregularities
See Geo Warehouse
Fronting
West
Taxes
$3,700 (2023)
Basement
Sep Entrance
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
Other
Water
Well
Parking Spaces
5
Driveway
Private
Garage Type
Attached
Springwater Market Statistics
Springwater Price Trend
5474 Penetanguishene Rd is a 4-bedroom 2-bathroom home listed for sale at $899,000, which is $519,072 (36.6%) lower than the average sold price of $1,418,072 in the last 30 days (May 26 - June 24). During the last 30 days the average sold price for a 4 bedroom home in Springwater increased by $225,197 (18.9%) compared to the previous 30 day period (April 26 - May 25) and up $38,072 (2.8%) from the same time one year ago.
Inventory Change
There were 20 4-bedroom homes listed in Springwater over the last 30 days (May 26 - June 24), which is down 9.1% compared with the previous 30 day period (April 26 - May 25) and down 13.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Springwater typically sold ($45,281) (3.2%) below asking price over the last 30 days (May 26 - June 24), which represents a $19,881 decrease compared to the previous 30 day period (April 26 - May 25) and ($27,971) less 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 4-bedroom homes in Springwater over the last 30 days (May 26 - June 24) stood at 55.0%, up from 27.3% over the previous 30 days (April 26 - May 25) and up from 30.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Springwater stood at 28 days when successfully sold over the last 30 days (May 26 - June 24), compared to 54 days before being removed from the market upon being suspended or terminated.
Listing contracted with Keller Williams Energy Real Estate
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