265 Penn Ave

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265 Penn Ave, Newmarket
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3 + 1
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
6 + 4
ROOMS
N4186290
MLSID
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Property Description
Great Value For Investors, First Time Buyers Or Those Looking For Income To Help With Mortgage Payments. Exquisitely Maintained 3 Bedroom Home In Central Newmarket With Legally Registered Basement Apartment With Separate Entrance And Steps To Maple Leaf Public School. Both Units Have Their Own Separate Laundry. Many Updated Windows, Updated Roof Shingles, Updated Soffits And Eaves. Close To All The Amenities Of Davis Drive Including Transit, Shopping & More!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2019-08-20 2019-08-17 2 $1,100 $1,100 Leased
2018-11-08 2018-11-14 6 $1,000 $1,000 Leased
Extras
2 Fridges, 2 Stoves, 2 Washers, 2 Dryers, Forced Air Gas Furnace, Garden Shed, Broadloom Where Laid, All Electrical Light Fixtures, All Window Coverings, Sump Pump, Water Heater Is A Rental.
Property Features
Hospital, Park, Public Transit
Property Details
Street
Property Type
Semi-Detached, Bungalow
Lot Size
32' x 95'
Fronting
West
Taxes
$2,950 (2017)
Basement
Apartment, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain11.42' x 23.62'Combined W/Dining, Picture Window, Hardwood Floor
DiningMain11.42' x 23.62'Combined W/Living, Ceiling Fan, Hardwood Floor
KitchenMain11.58' x 12.89'Eat-In Kitchen, Ceramic Back Splash, Double Sink
MasterMain9.84' x 12.53'Window, Double Closet, Hardwood Floor
2nd BrMain11.22' x 14.76'Window, Closet, Hardwood Floor
3rd BrMain9.02' x 9.02'Window, Closet, Hardwood Floor
LivingBsmt8.83' x 14.57'Window, Closet, Laminate
KitchenBsmt11.42' x 15.09'Eat-In Kitchen, Double Sink, Laminate
BrBsmt10.89' x 17.45'Window, Double Closet, Broadloom
LaundryBsmt9.48' x 9.78'Window
Newmarket Market Statistics
Newmarket Price Trend
265 Penn Ave is a 3-bedroom 2-bathroom home listed for sale at $529,900, which is $567,778 (51.7%) lower than the average sold price of $1,097,678 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 3 bedroom home in Newmarket increased by $7,590 (0.7%) compared to the previous 30 day period (February 26 - March 26) and down $18,548 (1.7%) from the same time one year ago.
Inventory Change
There were 67 3-bedroom homes listed in Newmarket over the last 30 days (March 27 - April 25), which is down 1.5% compared with the previous 30 day period (February 26 - March 26) and up 1.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Newmarket typically sold $8,196 (0.7%) above asking price over the last 30 days (March 27 - April 25), which represents a $30,055 decrease compared to the previous 30 day period (February 26 - March 26) and $47,388 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 (March 27 - April 25) stood at 83.6%, up from 51.5% over the previous 30 days (February 26 - March 26) and up from 72.7% 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 9 days when successfully sold over the last 30 days (March 27 - April 25), compared to 42 days before being removed from the market upon being suspended or terminated.
Listing contracted with Keller Williams Realty Centres, Brokerage
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