616 Lake Dr S

FOR SALE
$1,099,000
616 Lake Dr S, Georgina
616 Lake Dr S
616 Lake Dr S
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2
BEDROOMS
1
BATHROOMS
1
KITCHENS
4
ROOMS
N8273160
MLSID
Contact Us
Property Description
attention builders and developers, Water Front Property With Direct Access To Lake Simcoe. 50x100 large lot, Build A New Home Or Renovate. permit is ready to issue. Winterised Boat House With Dock. Municipal Water And Sewers. Four Season Cottage. Great Investment Property. Lots Of New Homes Are Being Build In The Area. Minutes To 404, Right On Bus Route.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2020-07-07 2020-07-22 15 $649,000 - Terminated
2020-07-07 2020-07-22 15 $2,000 - Terminated
Extras
Existing Appliances, Fridge, Stove, Front & Back Deck, Boat House Bunkie With Covered Deck, Full Length Dock (34'), Gas Fireplace, Back Up Electrical Baseboards.
Property Features
Marina, Park, River/Stream, School, Waterfront
Property Details
Street
Community
Property Type
Detached, Bungalow
Lot Size
50' x 100'
Acreage
< .50
Fronting
West
Taxes
$2,400 (2023)
Basement
Crawl Space
Exterior
Vinyl Siding
Heat Type
Other
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
Georgina Market Statistics
Georgina Price Trend
616 Lake Dr S is a 2-bedroom 1-bathroom home listed for sale at $1,099,000, which is $428,445 (63.9%) higher than the average sold price of $670,555 in the last 30 days (April 8 - May 7). During the last 30 days the average sold price for a 2 bedroom home in Georgina increased by $68,333 (11.3%) compared to the previous 30 day period (March 9 - April 7) and down $92,650 (12.1%) from the same time one year ago.
Inventory Change
There were 19 2-bedroom homes listed in Georgina over the last 30 days (April 8 - May 7), which is down 13.6% compared with the previous 30 day period (March 9 - April 7) and down 26.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Georgina typically sold ($1,822) (0.3%) below asking price over the last 30 days (April 8 - May 7), which represents a $6,766 decrease compared to the previous 30 day period (March 9 - April 7) and ($6,141) 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 2-bedroom homes in Georgina over the last 30 days (April 8 - May 7) stood at 47.4%, up from 40.9% over the previous 30 days (March 9 - April 7) and down from 65.4% 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 38 days when successfully sold over the last 30 days (April 8 - May 7), compared to 54 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 The One Realty
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