8863 Wellington 124 Rd
Rural Erin, Erin, N1H 6H7
FOR SALE
$4,250,000
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Property Description
Investment Land - 19.11 Acres Adjacent To Existing Residential Subdivision In The Hamlet Of Ospringe at the Intersection Of Highway 124 & 125. 3 Bedroom Farmhouse, 2200 Sq Ft Bank Barn, 7200 Sq Ft Coverall. Generate Income While Waiting On Development. The Opportunity Is Waiting For You.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-14 | 2024-04-11 | 57 | $1 | - | Terminated |
Extras
Re-Zoning And Due Diligence The Responsibility Of The Buyer
Property Features
Fenced Yard
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Lot Size
831' x 1,113'
Acreage
10-24.99
Lot Irregularities
19.11 Acres
Fronting
South
Taxes
$2,728 (2023)
Basement
Full, Unfinished
Exterior
Vinyl Siding
Heat Type
Radiant
Heat Source
Oil
Air Conditioning
None
Water
Well
Parking Spaces
20
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.11' x 16.01' | |
| Kitchen | Main | 10.40' x 13.42' | |
| Dining | Main | 12.01' x 12.99' | |
| Prim Bdrm | 2nd | 12.57' x 12.99' | |
| 2nd Br | 2nd | 10.27' x 12.01' | |
| 3rd Br | 2nd | 13.71' x 12.01' |
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Erin Market Statistics
Erin Price Trend
8863 Wellington 124 Rd is a 3-bedroom 2-bathroom home listed for sale at $4,250,000, which is $3,228,572 (316.1%) higher than the average sold price of $1,021,428 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 3 bedroom home in Erin declined by $256,072 (20.0%) compared to the previous 30 day period (February 29 - March 29) and down $113,857 (10.0%) from the same time one year ago.Inventory Change
There were 21 3-bedroom homes listed in Erin over the last 30 days (March 30 - April 28), which is up 23.5% compared with the previous 30 day period (February 29 - March 29) and up 110.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Erin typically sold ($49,270) (4.8%) below asking price over the last 30 days (March 30 - April 28), which represents a $22,680 increase compared to the previous 30 day period (February 29 - March 29) and ($67,950) 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 Erin over the last 30 days (March 30 - April 28) stood at 33.3%, up from 11.8% over the previous 30 days (February 29 - March 29) and down from 140.0% 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 Erin stood at 29 days when successfully sold over the last 30 days (March 30 - April 28), compared to 45 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Meadowtowne Realty
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