137 Wesley St
Gorham-College Manor, Newmarket, L3Y 3N9
FOR SALE
$1,388,800
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Property Description
Attention Builders/Contractors/Investors, rare opportunity to build three (3) detached homes side-by-side in a well-established neighbourhood in the heart of Newmarket. Three (3) lots (Approx. 33' X 100' each) zoned as R1-D, with up to 35% coverage and 8.5m height. Minor Variance and Consent Applications Approved, Permitting A Single Family Home With Allowance For One Accessory Dwelling With A Separate Entrance On Each Lot. Existing House To Be Demolished with Development Charges Credited To The New Development (Approx. $140K In Savings). Option for two lots (Approx. 50' X 100' each) is also available. Close to Main St., Go Train Station, several schools, Southlake hospital and Fairy Lake. Tree Reports, Surveys, MV & Consent Applications Approval, Draft R-Plan and Draft Legal Description are Available Upon Request. Existing house and all contents are sold As-Is, where-Is, Without Any Representation or Warranties From the Seller or Listing Agent.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-11-26 | 2023-12-01 | 5 | $1 | - | Suspended |
Extras
None
Nearby Intersections
Leslie & Davis (34)
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Lot Size
100' x 100'
Fronting
East
Taxes
$4,669 (2024)
Basement
Part Bsmt
Exterior
Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
4
Driveway
Available
Garage Type
Detached
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Newmarket Market Statistics
Newmarket Price Trend
137 Wesley St is a 3-bedroom 2-bathroom home listed for sale at $1,388,800, which is $417,558 (43.0%) higher than the average sold price of $971,242 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Newmarket declined by $31,339 (3.1%) compared to the previous 30 day period (September 21 - October 20) and up $70,042 (7.8%) from the same time one year ago.Inventory Change
There were 43 3-bedroom homes listed in Newmarket over the last 30 days (October 21 - November 19), which is down 23.2% compared with the previous 30 day period (September 21 - October 20) and down 12.2% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Newmarket typically sold ($12,878) (1.3%) below asking price over the last 30 days (October 21 - November 19), which represents a $609 increase compared to the previous 30 day period (September 21 - October 20) and $4,729 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 3-bedroom homes in Newmarket over the last 30 days (October 21 - November 19) stood at 76.7%, up from 57.1% over the previous 30 days (September 21 - October 20) and up from 30.6% 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 Newmarket stood at 29 days when successfully sold over the last 30 days (October 21 - November 19), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Coldwell Banker The Real Estate Centre
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