$2,790,000
For sale: Detached

Situated on a prominent corner lot, Potential for severance into two approximately equal parcels it has received Town-level approval and is currently awaiting County approval, anticipated in the coming months. Rare opportunity to own a custom-built luxury bungalow on just under 5 acres, offering exceptional space, privacy and exciting future potential in East Garafraxa. Offering 5,000+ sq. ft. of luxurious living space, this impressive residence is perfectly designed for large and multi-generational families, featuring 4 spacious bedrooms, an office and 4 bathrooms. The heart of the home is the Italian-inspired chef's kitchen with stone counters and built-in appliances, opening into an impressive great room with hardwood floors, fireplace and walkout to the expansive deck. A separate dining room and main-floor office add even more functionality. The private primary retreat features a luxurious 5-piece ensuite with dual showers and sinks, Roman tub and its own walkout to the deck. The massive walkout lower level offers incredible flexibility, including spacious family/recreation area, 3 additional bedrooms, a kitchen, two bathrooms and offers ample space for a home theatre, extended family living, entertaining, and much more. Additional features or improvements may be completed upon the buyer's request, subject to mutually agreeable terms between the parties. Outside, enjoy the scale and privacy of nearly 5 acres, an expansive deck and a triple-car garage with exceptional ceiling height. A truly unique offering combining luxury bungalow living, tremendous interior space, acreage and significant future potential-all within one remarkable property. Also, Seller is willing to provide VTB to eligible buyers at an attractive rates.
Sold data
Homes in Rural East Garafraxa took a median of 38 days to sell over the last 730 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 84, across 38 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 88 days.
The median sale price was $1,389,000.
Homes sold for about 3.8% below asking on average, so there was room to negotiate.
About 5% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
Based on 38 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
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