363 Penn Ave

FOR SALE
$2,189,900
363 Penn Ave, Newmarket
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4 + 2
BEDROOMS
7
BATHROOMS
1 + 1
KITCHENS
10
ROOMS
N11986353
MLSID
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Property Description
The Perfect 4+2 Bedroom & 7 Bathroom Custom Built Home *2 Yrs New* Premium 50ft X 194ft Lot Size *0.2 Of An Acre* Private Backyard W/ No Neighbours Behind* Modern Architectural Design W/ Stone Exterior, Covered Porch & 8ft Tall Main Entrance* Enjoy 4,470 Sqft Above Grade + 1,651 Sqft In Bsmnt* Over 6,100 Sqft Of Luxury Living* 21ft High Ceilings In Foyer W/ Custom Tiling & Chandelier *Office On Main Floor Overlooking Front Yard* Open Concept Living Room W/ Custom Built-In Gas Fireplace Wall Unit *Recess Lighting & Crown Moulding* 8ft Tall French Doors To Sundeck Overlooking Private Backyard* Custom Chef's Kitchen Includes Two Tone Colour Design Cabinetry *10ft Powered Centre Island W/ Quartz Counters* Pot Filler Above Range* Custom Backsplash & Sitting Bench By Window* Top Display Cabinetry & Custom Tiling* Dining Room Perfect For Entertaining Includes Direct Access To Kitchen W/ Custom Light Fixture* High End Finishes Includes *Floating Staircase W/ Iron Pickets* Engineered Hardwood Floors* Pot Lights & Custom Recess Lighting* Primary Bedroom W/ Double French Door Entry *Recess Lighting & Custom Moulding On Walls & Ceilings* Expansive Windows Overlooking Backyard* Huge Walk-In Closet W/ Organizers & Centre Island* Spa-Like 5Pc Ensuite W/ Custom Tiling *Heated Floors* All Glass Stand Up Shower* Free Standing Tub & Double Vanity W/ Ample Storage* All Bedrooms on Second Floor Fit A King Size Bed W/ Large Closet Space & Direct Ensuite* Finished Basement W/ Walk Up Access From Backyard* Large Look Out Windows Bringing In Tons Of Natural Light* Large Multi-Use Recroom Area W/ 2 Bedrooms & 2 Full Bathrooms *Spacious Kitchen In Basement W/ Appliances* Perfect For In-Laws Suite* Must See! Don't Miss*
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-04-09 2024-05-08 29 $2,290,000 - Suspended
Nearby Intersections
Property Features
Clear View, Fenced Yard, Hospital, Park, Public Transit
Property Details
Street
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
50' x 194'
Acreage
< .50
Fronting
North
Taxes
$12,244 (2024)
Basement
Finished, W/O
Exterior
Stone, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Built-In
Room Summary
RoomLevelSizeFeatures
LivingMain19.55' x 27.79'Hardwood Floor, Gas Fireplace, Crown Moulding
DiningMain11.58' x 19.19'Hardwood Floor, Window, Crown Moulding
KitchenMain20.60' x 20.77'Tile Floor, Crown Moulding, Window
OfficeMain12.27' x 14.40'Hardwood Floor, Window, Crown Moulding
Prim Bdrm2nd20.73' x 25.46'Hardwood Floor, Large Window, Wall Sconce Lighting
2nd Br2nd12.01' x 19.36'Hardwood Floor, W/I Closet, Pot Lights
3rd Br2nd10.89' x 18.41'Hardwood Floor, W/I Closet, Large Window
4th Br2nd12.27' x 14.67'Hardwood Floor, W/I Closet, Pot Lights
Furnace2nd5.91' x 6.89'Tile Floor, Ceiling Fan, Finished
5th BrBsmt14.11' x 18.04'Pot Lights, Large Window, 3 Pc Ensuite
BrBsmt13.12' x 14.44'Pot Lights, Large Window, 3 Pc Ensuite
LaundryMain5.87' x 14.60'Tile Floor, Window, Pot Lights
Newmarket Market Statistics
Newmarket Price Trend
363 Penn Ave is a 4-bedroom 7-bathroom home listed for sale at $2,189,900, which is $877,795 (66.9%) higher than the average sold price of $1,312,105 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Newmarket increased by $19,963 (1.5%) compared to the previous 30 day period (December 22 - January 20) and down $138,552 (9.6%) from the same time one year ago.
Inventory Change
There were 52 4-bedroom homes listed in Newmarket over the last 30 days (January 21 - February 19), which is up 92.6% compared with the previous 30 day period (December 22 - January 20) and up 2.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Newmarket typically sold $10,126 (0.8%) above asking price over the last 30 days (January 21 - February 19), which represents a $43,397 increase compared to the previous 30 day period (December 22 - January 20) and ($15,645) 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 4-bedroom homes in Newmarket over the last 30 days (January 21 - February 19) stood at 36.5%, up from 25.9% over the previous 30 days (December 22 - January 20) and down from 68.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 7-bathroom home in Newmarket stood at 24 days when successfully sold over the last 30 days (January 21 - February 19), compared to 44 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife Eagle Realty Inc.
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