9058 Wellington Road 124 Rd

Rural Erin, Erin, N1H 6H7
FOR SALE
$1,999,990
9058 Wellington Road 124 Rd, Erin
9058 Wellington Road 124 Rd
9058 Wellington Road 124 Rd
9058 Wellington Road 124 Rd
9058 Wellington Road 124 Rd
9058 Wellington Road 124 Rd
9058 Wellington Road 124 Rd
9058 Wellington Road 124 Rd
9058 Wellington Road 124 Rd
9058 Wellington Road 124 Rd
9058 Wellington Road 124 Rd
9058 Wellington Road 124 Rd
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3 + 2
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
12
ROOMS
X8290876
MLSID
Contact Us
Property Description
Perfect for INVESTORS, DEVELOPERS, HEAVY VEHICLE STORAGE & FAMILIES. Conveniently Located INCOME PROPERTY Full Of Excitement. PRIVATE Residence Setback From Road W/ Circular Driveway. Drive Anywhere On This 4.5 ACRE PROPERTY - Mostly B-Gravel, Designed To Support Heavy Vehicles. Converted Into 3 RENTAL UNITS. Upstairs - 3 Bed/2 Bath Unit, With Laundry. The Basement Is finished As A 1 Bedroom/1 Bath Unit With Office And Laundry. Garage Has Plumbing & Wiring Completed For A Bachelor Unit, But Is Still A Garage At This Point. Backyard Has A Covered Concrete Patio And Lawn. There is a Pond with plans to add a Sandy Beach. This is an AMAZING RECREATIONAL/INCOME PROPERTY. Can build a CUSTOM HOME on this piece of land WHILE RENTING out a 3 UNIT property. The OPPORTUNITIES and POTENTIAL with this land are ENDLESS
Extras
Kitchen Cabinets In Basement, Tented Storage At Back Of Property, Metal Transport Storage Trailers, Piles Of Sand And Gravel For Landscaping, If Wanted. If Needed, Seller Is Offering A Vendor Take Back Mortgage
Property Features
Clear View, Fenced Yard, Lake/Pond, Ravine
Property Details
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
3500-5000
Lot Size
549' x 375'
Acreage
2-4.99
Lot Irregularities
548.78 X 381.02 X 549.56 X 375.45
Fronting
East
Taxes
$5,500 (2023)
Basement
Apartment, Fin W/O
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
Wall Unit
Water
Well
Parking Spaces
30
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingGround12.11' x 18.01'
KitchenGround11.19' x 18.41'
Prim BdrmGround22.21' x 23.00'
BathroomGround6.89' x 8.20'
2nd BrGround12.40' x 9.32'
3rd BrGround10.50' x 12.01'
BathroomGround4.10' x 8.50'
BrLower20.51' x 21.29'
BathroomLower8.20' x 8.79'
LivingLower12.01' x 14.99'
KitchenLower8.89' x 15.39'
BreakfastLower6.79' x 8.89'
Erin Market Statistics
Erin Price Trend
9058 Wellington Road 124 Rd is a 3-bedroom 3-bathroom home listed for sale at $1,999,990, which is $1,029,221 (106.0%) higher than the average sold price of $970,769 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in Erin declined by $352,802 (26.7%) compared to the previous 30 day period (March 15 - April 13) and down $222,164 (18.6%) from the same time one year ago.
Inventory Change
There were 23 3-bedroom homes listed in Erin over the last 30 days (April 14 - May 13), which is up 35.3% compared with the previous 30 day period (March 15 - April 13) and up 9.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Erin typically sold ($31,976) (3.3%) below asking price over the last 30 days (April 14 - May 13), which represents a $29,980 increase compared to the previous 30 day period (March 15 - April 13) and ($46,033) 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 (April 14 - May 13) stood at 56.5%, up from 41.2% over the previous 30 days (March 15 - April 13) and down from 71.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Erin stood at 18 days when successfully sold over the last 30 days (April 14 - May 13), compared to 46 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 Percy Fulton Ltd.
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