363 Penn Ave

FOR SALE
$2,290,000
363 Penn Ave, Newmarket
363 Penn Ave
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4 + 2
BEDROOMS
7
BATHROOMS
1
KITCHENS
6 + 8
ROOMS
N8218554
MLSID
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Property Description
Spectacular 2-Storey Custom-Built Executive Home. Featuring High 21' Ceiling Both Entrance And Part Of Living Room. Over 6,300 Sq Ft Of Luxury Living Space. Large Kitchen Area With 10' Island. Custom Countertop For Kitchen, Vanities, Master W/I Closet Island. Basement With Two Separate Bedrooms And Bathrooms. 2 Furnaces, 2 Acs, Central Vac, Intercom, Alarm System, Cameras, 2 Laundry Rooms, Precast Entrance, Double Car Garage, Main Floor Office, Rough-Ins For Potential 2nd Kitchen In The Basement, Basement With Oversized Windows, And Much More.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-03-27 2023-03-27 0 $2,288,000 - Terminated
2023-01-31 2023-03-26 54 $2,289,000 - Terminated
2022-11-22 2023-01-31 71 $2,499,000 - Suspended
2021-04-23 2021-07-08 76 $599,888 $585,000 Sold
2020-08-31 2020-12-26 117 $498,800 - Expired
2020-06-26 2020-08-28 63 $648,000 - Terminated
Extras
Minutes To Hospital, Downtown Newmarket, Shops, Parks, Schools, & More. 4,300 Sqft Main And Second Floor Excluding Garage. Luxury Finishes With Pot Filler, Free-Standing Tub, Heated Floor In Master Ensuite, W/I Closet In Each Room And More.
Nearby Intersections
Property Details
Street
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
50' x 194'
Fronting
North
Taxes
$11,800 (2024)
Basement
Finished, Full
Exterior
Stone, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
Prim Bdrm2nd20.01' x 25.59'Hardwood Floor, Large Window, Wall Sconce Lighting
2nd Br2nd13.12' x 19.69'Hardwood Floor, W/I Closet, Pot Lights
3rd Br2nd13.12' x 19.03'Hardwood Floor, W/I Closet, Large Window
4th Br2nd12.47' x 15.09'Hardwood Floor, W/I Closet, Pot Lights
Furnace2nd5.91' x 6.89'Tile Floor, Ceiling Fan, Finished
KitchenMain20.01' x 20.01'Tile Floor, Crown Moulding, Window
DiningMain12.14' x 19.69'Hardwood Floor, Window, Crown Moulding
LivingMain19.03' x 27.23'Hardwood Floor, Gas Fireplace, Crown Moulding
OfficeMain9.84' x 15.09'Hardwood Floor, Window, Crown Moulding
LaundryMain5.25' x 15.09'Tile Floor, Window, Pot Lights
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
Newmarket Market Statistics
Newmarket Price Trend
363 Penn Ave is a 4-bedroom 7-bathroom home listed for sale at $2,290,000, which is $838,557 (57.8%) higher than the average sold price of $1,451,443 in the last 30 days (April 1 - April 30). During the last 30 days the average sold price for a 4 bedroom home in Newmarket increased by $30,063 (2.1%) compared to the previous 30 day period (March 2 - March 31) and up $15,523 (1.1%) from the same time one year ago.
Inventory Change
There were 92 4-bedroom homes listed in Newmarket over the last 30 days (April 1 - April 30), which is up 73.6% compared with the previous 30 day period (March 2 - March 31) and up 80.4% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Newmarket typically sold ($9,352) (0.6%) below asking price over the last 30 days (April 1 - April 30), which represents a $28,549 decrease compared to the previous 30 day period (March 2 - March 31) and ($2,025) 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 4-bedroom homes in Newmarket over the last 30 days (April 1 - April 30) stood at 55.4%, down from 77.4% over the previous 30 days (March 2 - March 31) 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 27 days when successfully sold over the last 30 days (April 1 - April 30), compared to 22 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max West Realty Inc.
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