1662 Penley Rd
Rural Severn, Severn, L3V 6H3
FOR SALE
$1,198,818
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BEDROOMS1
BATHROOMS0
KITCHENS5
ROOMSS9260489
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Property Description
What an amazing Location! This property boasts a Fantastic 10.5 acres at the corner of Highway 11 and Penley Road in Orillia. Also a second entrance that backs on to Division Road. Detached House, 3 Beds, 1 Bath. Currently Tenanted. Excellent trails, snowmobiles, ATV etc. Plenty room to play and enjoy. Build/Development potential. Close to all amenities.
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Extras
Stove, Fridge, microwave, washer & Dryer. Detached House. Tenanted. Income property. Close to all amenities. Build, develop potential.
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Acreage
10-24.99
Lot Irregularities
10.5 ACRES
Fronting
North
Taxes
$4,752 (2024)
Basement
Full, Unfinished
Exterior
Stone, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Oil
Air Conditioning
None
Water
Well
Parking Spaces
5
Driveway
Other
Garage Type
Detached
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Severn Market Statistics
Severn Price Trend
1662 Penley Rd is a 3-bedroom 1-bathroom home listed for sale at $1,198,818, which is $206,976 (20.9%) higher than the average sold price of $991,842 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Severn declined by $201,737 (16.9%) compared to the previous 30 day period (September 21 - October 20) and up $219,842 (28.5%) from the same time one year ago.Inventory Change
There were 13 3-bedroom homes listed in Severn over the last 30 days (October 21 - November 19), which is down 27.8% compared with the previous 30 day period (September 21 - October 20) and down 27.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Severn typically sold ($39,914) (4.0%) below asking price over the last 30 days (October 21 - November 19), which represents a $32,015 increase compared to the previous 30 day period (September 21 - October 20) and ($56,560) 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 3-bedroom homes in Severn over the last 30 days (October 21 - November 19) stood at 53.8%, down from 61.1% over the previous 30 days (September 21 - October 20) and up from 27.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Severn stood at 118 days when successfully sold over the last 30 days (October 21 - November 19), compared to 74 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group-Admiral Realty Inc.
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