550 Silver St
Mount Forest, Wellington North, N0G 2L3
FOR SALE
$874,900
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3 + 3
BEDROOMS3
BATHROOMS1
KITCHENS8 + 6
ROOMSX8011990
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Property Description
Gorgeous home on 1-acre lot mins from Mt Forest & less than an hour to Guelph, Orangeville & Waterloo. Fabulous country retreat offering beauty of the season all year round. The mn floor is open concept w/ beautiful views of the yard from every angle. The massive prim suite has an updated 3 pc bth w/ heated floors. New carpet installed in the 2 other bdrms in '22. The main bth is newly renovated & feats quartz countertops, dbl sinks, a glass shower & heated floors. The fully finished lower-level w/ new luxury vinyl plank flooring, huge rec room & 3 more bdrms. Check out the Geothermal heating & cooling system perfect for the energy conscious buyer. Geothermal is a renewable resource & uses the earths natural heat & is very cost effective. Separate garage for 4 vehicles, 10' ceilings & for added convenience a rough in for a 2pc bath. Outside garage is a Septic hook-up for your RV or future Tiny home. Window updated between 2010-2022, new 35-year shingles installed June '23.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-10-05 | 2024-01-10 | 97 | $874,900 | - | Expired |
Property Features
Cul De Sac, Grnbelt/Conserv, Hospital, Library, Park, Place Of Worship
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
98' x 330'
Acreage
.50-1.99
Fronting
East
Taxes
$3,803 (2023)
Basement
Finished, Full
Exterior
Alum Siding, Brick
Heat Type
Other
Heat Source
Electric
Air Conditioning
Other
Water
Well
Parking Spaces
10
Driveway
Pvt Double
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 14.47' x 20.24' | |
| Kitchen | Main | 12.96' x 15.78' | |
| Dining | Main | 7.64' x 10.30' | |
| Prim Bdrm | Main | 13.58' x 27.30' | |
| Bathroom | Main | 6.66' x 7.45' | 3 Pc Ensuite |
| Br | Main | 10.24' x 12.30' | |
| Br | Main | 10.04' x 11.22' | |
| Bathroom | Main | 8.10' x 11.98' | 4 Pc Bath |
| Br | Bsmt | 10.33' x 13.16' | |
| Br | Bsmt | 10.33' x 12.60' | |
| Br | Bsmt | 12.60' x 8.27' |
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Wellington North Market Statistics
Wellington North Price Trend
550 Silver St is a 3-bedroom 3-bathroom home listed for sale at $874,900, which is $235,567 (36.8%) higher than the average sold price of $639,333 in the last 30 days (March 29 - April 27). During the last 30 days the average sold price for a 3 bedroom home in Wellington North declined by $213,847 (25.1%) compared to the previous 30 day period (February 28 - March 28) and up $38,021 (6.3%) from the same time one year ago.Inventory Change
There were 5 3-bedroom homes listed in Wellington North over the last 30 days (March 29 - April 27), which is up 150.0% compared with the previous 30 day period (February 28 - March 28) and down 37.5% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Wellington North typically sold ($3,966) (0.6%) below asking price over the last 30 days (March 29 - April 27), which represents a $13,414 increase compared to the previous 30 day period (February 28 - March 28) and ($7,262) 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 Wellington North over the last 30 days (March 29 - April 27) stood at 60.0%, down from 250.0% over the previous 30 days (February 28 - March 28) 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 3-bathroom home in Wellington North stood at 23 days when successfully sold over the last 30 days (March 29 - April 27), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Davenport Realty
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