298 Penn Ave
Bristol-London, Newmarket, L3Y 2S6
FOR SALE
$988,000
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3 + 2
BEDROOMS2
BATHROOMS1
KITCHENS5 + 3
ROOMSN9266951
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Property Description
ATTENTION first time Buyers,Investors,Renovators and Builders.This property is for you!Huge and flat 68*114 ft Lot+Extra corner space with plenty of development on the street!Quaint 3 Bedroom Bungalow On Premium Lot In The Heart Of Newmarket. Neutral Decor, Upgraded Kitchen, Hardwood Throughout, Living/Dining Room Combo, Master With Abundant Natural Light. Additional Bedroom In Bsmt Can Be Used As Family Room, Spacious Rec Room With Entertainment Area, Gas Fireplace And Pot Lights. Lower Level Laundry With 3Pc Bath, Ample Storage. Quiet Backyard .Spacious Fenced Yard. Close To Schools, Parks & All Amenities.
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Nearby Intersections
Main & Davis (36)
Yonge & Davis (95)
Property Features
Golf, Hospital, Library, Ravine, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
68' x 114'
Fronting
South
Taxes
$4,729 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
5
Driveway
Available
Garage Type
None
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Newmarket Market Statistics
Newmarket Price Trend
298 Penn Ave is a 3-bedroom 2-bathroom home listed for sale at $988,000, which is $29,852 (2.9%) lower than the average sold price of $1,017,852 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 3 bedroom home in Newmarket declined by $8,148 (0.8%) compared to the previous 30 day period (July 17 - August 15) and down $71,189 (6.5%) from the same time one year ago.Inventory Change
There were 49 3-bedroom homes listed in Newmarket over the last 30 days (August 16 - September 14), which is down 7.5% compared with the previous 30 day period (July 17 - August 15) and up 2.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Newmarket typically sold ($6,061) (0.6%) below asking price over the last 30 days (August 16 - September 14), which represents a $25,467 increase compared to the previous 30 day period (July 17 - August 15) and $12,294 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 (August 16 - September 14) stood at 69.4%, up from 52.8% over the previous 30 days (July 17 - August 15) and down from 100.0% 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 Newmarket stood at 20 days when successfully sold over the last 30 days (August 16 - September 14), compared to 42 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Realty Ltd.
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