39 Eight Mile Point Rd
Rural Oro-Medonte, North York, M5M 1K1
FOR SALE
$2,995,000
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BEDROOMS4
BATHROOMS1
KITCHENS11
ROOMSS8280832
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Property Description
One of a kind Lake Simcoe property with 100 ft of frontage on exclusive Eight Mile Point. An architectural gem! First offering in over 43 years! This family cottage is a must see!! Lovingly updated 4 bedroom, 4 bathroom, modern design with open concept layout that creates a spacious and airy atmosphere, with large floor to ceiling windows through which you can watch the breathtaking sunrise. Galley kitchen opens to family room boasting new quartz countertop and breakfast bar. Vaulted ceilings in living/dining room with oversized skylight. Lots of space for entertaining friends and family. Wood burning fireplace and multiple walkouts from dining/living area to ample outdoor space. Lower level family room has heated floor, entertaining wall unit with Murphy bed. Property is tiered down towards the Lake with sizeable deck for more entertaining by the lake. A quick trip from Toronto just 1.20m, a 10 minute drive to Orillia and 20 M drive to Barrie, Golf courses, restaurants and shopping.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-11-22 | 2023-12-22 | 30 | $2,995,000 | - | Terminated |
| 2023-09-05 | 2023-11-22 | 78 | $3,195,000 | - | Terminated |
Extras
As a member of the Eight Mile Point Cottage Association (small fee) Membership includes various activities all year long such as tennis, pickle ball, nature trails, picnics, corn roast and a golf tournament.
Property Features
Clear View, Lake Access, Sloping, Waterfront, Wooded/Treed
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Property Details
Street
Community
City
Property Type
Cottage, 1 1/2 Storey
Lot Size
104' x 246'
Lot Irregularities
Irregular Lot As Per Mpac Lot Rear 106.4
Fronting
East
Taxes
$9,087 (2023)
Basement
Crawl Space, Half
Exterior
Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Well
Parking Spaces
8
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Family | Lower | 16.60' x 19.62' | Murphy Bed, Walk-Out, Heated Floor |
| Dining | Main | 13.25' x 15.78' | Sliding Doors, Skylight, Hardwood Floor |
| Living | Main | 19.91' x 21.65' | Sliding Doors, Stone Fireplace, Ceiling Fan |
| Kitchen | Main | 8.40' x 23.52' | Galley Kitchen, Quartz Counter, Hardwood Floor |
| Bathroom | Main | 6.43' x 9.58' | 3 Pc Bath, Fluorescent, Tile Floor |
| Bathroom | Main | 21.65' x 26.57' | 2 Pc Bath, Fluorescent, Tile Floor |
| 2nd Br | Main | 12.57' x 10.79' | Closet, Track Lights, Broadloom |
| 3rd Br | Main | 10.86' x 12.66' | Closet, Track Lights, Broadloom |
| 4th Br | Main | 9.02' x 13.39' | W/I Closet, Track Lights, Broadloom |
| Sunroom | Main | 10.96' x 19.59' | Sliding Doors, W/O To Patio, Tile Floor |
| Prim Bdrm | 2nd | 13.32' x 17.49' | Ceiling Fan, Closet, Broadloom |
| Bathroom | 2nd | 9.32' x 12.53' | 4 Pc Ensuite, Track Lights, Tile Floor |
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North York Market Statistics
North York Price Trend
39 Eight Mile Point Rd is a 4-bedroom 4-bathroom home listed for sale at $2,995,000, which is $1,495,000 (99.7%) higher than the average sold price of $1,500,000 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 4 bedroom home in North York increased by $500,001 (50.0%) compared to the previous 30 day period (March 15 - April 13) and up $282,858 (23.2%) from the same time one year ago.Inventory Change
There were 19 4-bedroom homes listed in North York over the last 30 days (April 14 - May 13), which is up 72.7% compared with the previous 30 day period (March 15 - April 13) and up 111.1% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in North York typically sold ($95,000) (6.3%) below asking price over the last 30 days (April 14 - May 13), which represents a $4,901 increase compared to the previous 30 day period (March 15 - April 13) and ($30,957) 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 North York over the last 30 days (April 14 - May 13) stood at 5.3%, down from 9.1% over the previous 30 days (March 15 - April 13) and down from 77.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in North York stood at 28 days when successfully sold over the last 30 days (April 14 - May 13), compared to 31 days before being removed from the market upon being suspended or terminated.Listing contracted with Chestnut Park Real Estate Limited
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