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Property Description
Located only steps away from Lake Simcoe, this property is close to Provincial Parks, Restaurants, Schools, minutes away from HWY 48 and close to Sutton. Family friendly neighbourhood offering beach, park and marina access (annual fees apply). Enjoy this beautiful lake community for all your recreational fun, from boating to fishing and in the winter snowmobiling, skating and ice fishing. Enjoy gorgeous sunset walks along the lake. Build your dream home or cottage on this large lot amongst some of the most breathtaking luxury waterfront homes along the lake. Garage has been removed, new shed built in the rear yard. No access to the building - take a drive and and let your dreams of lakeside living become a reality.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-07-28 | 2022-11-07 | 102 | $350,000 | $290,000 | Sold |
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
58' x 130'
Fronting
West
Taxes
$2,728 (2024)
Basement
Crawl Space
Exterior
Wood
Heat Type
Other
Heat Source
Wood
Air Conditioning
None
Water
Well
Parking Spaces
2
Garage Type
Other
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Georgina Market Statistics
Georgina Price Trend
38 Sumach Dr is a 2-bedroom 1-bathroom home listed for sale at $349,800, which is $170,200 (32.7%) lower than the average sold price of $520,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom home in Georgina declined by $62,221 (10.7%) compared to the previous 30 day period (December 22 - January 20) and down $283,000 (35.2%) from the same time one year ago.Inventory Change
There were 11 2-bedroom homes listed in Georgina over the last 30 days (January 21 - February 19), which is up 37.5% compared with the previous 30 day period (December 22 - January 20) and down 42.1% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Georgina typically sold ($49,000) (9.4%) below asking price over the last 30 days (January 21 - February 19), which represents a $26,842 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,955) 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 2-bedroom homes in Georgina over the last 30 days (January 21 - February 19) stood at 45.5%, down from 62.5% over the previous 30 days (December 22 - January 20) and down from 47.4% 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 Georgina stood at 52 days when successfully sold over the last 30 days (January 21 - February 19), compared to 102 days before being removed from the market upon being suspended or terminated.Listing contracted with Capital Growth Realty Incorporated
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