5632 Penetanguishene Rd

FOR SALE
$999,999
5632 Penetanguishene Rd, Springwater
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
5632 Penetanguishene Rd
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
7
ROOMS
S8310816
MLSID
Contact Us
Property Description
Top 5 Reasons You Will Love This Home: 1) Prime waterfront location on Orr Lake with a 2-storey home plus a fully detached cottage facing the water with quick closing available 2) The home has an open-concept layout complete with a main bedroom and full bathroom and presents a beautiful family room overlooking the water with a soaring cathedral ceiling and a gas fireplace, a kitchen, a dining area, and deck access with stairs located off the deck which lead to a fenced-in area perfect for children or pets 3) The main level hosts two bedrooms, a sitting area, a convenient laundry room finished with a powder room, and the added benefit of an artesian well providing the cleanest drinking water 4) Turn-key fully furnished cottage with a gas fireplace, two bedrooms, one bathroom, a living room, a kitchen, and a sunroom, great for guests 5) Set on just under half an acre, this property boasts plenty of parking and is located close to skiing, golfing, boating, kayaking, and water sports, with easy access to Highway 400 and just 15 minutes to Midland and Orillia, with the added convenience of a shared driveway and shared sand point well. Age 35. Visit our website for more detailed information.
Extras
The Auxiliary Residence is a Fully Furnished Cottage with Kitchen, Living Room, Sunroom, 2 Bedrooms, and 1 3-Pc Bathroom.
Property Features
Beach, Golf
Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
55' x 401'
Acreage
< .50
Fronting
South
Taxes
$3,034 (2023)
Basement
None
Exterior
Vinyl Siding
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Other
Water
Well
Parking Spaces
6
Driveway
Mutual
Garage Type
None
Room Summary
RoomLevelSizeFeatures
FamilyMain16.11' x 25.26'Laminate, Large Window, Walk-Out
BrMain10.37' x 11.52'Hardwood Floor, Closet, Window
BrMain9.32' x 9.61'Hardwood Floor, Closet, Window
Kitchen2nd11.29' x 19.26'Laminate, Double Sink, W/O To Deck
Dining2nd7.91' x 19.26'Laminate, Open Concept, Large Window
Family2nd11.42' x 19.00'Laminate, Gas Fireplace, W/O To Deck
Prim Bdrm2nd9.68' x 12.11'Hardwood Floor, Closet, Window
Springwater Market Statistics
Springwater Price Trend
5632 Penetanguishene Rd is a 3-bedroom 2-bathroom home listed for sale at $999,999, which is $63,403 (6.8%) higher than the average sold price of $936,596 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in Springwater declined by $496,586 (34.6%) compared to the previous 30 day period (March 15 - April 13) and down $92,237 (9.0%) from the same time one year ago.
Inventory Change
There were 41 3-bedroom homes listed in Springwater over the last 30 days (April 14 - May 13), which is up 57.7% compared with the previous 30 day period (March 15 - April 13) and up 28.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Springwater typically sold ($14,366) (1.5%) below asking price over the last 30 days (April 14 - May 13), which represents a $31,545 increase compared to the previous 30 day period (March 15 - April 13) and ($21,233) 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 3-bedroom homes in Springwater over the last 30 days (April 14 - May 13) stood at 29.3%, down from 65.4% over the previous 30 days (March 15 - April 13) and down from 56.2% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Springwater stood at 20 days when successfully sold over the last 30 days (April 14 - May 13), compared to 62 days before being removed from the market upon being suspended or terminated.
Listing contracted with Faris Team Real Estate
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