240 EGREMONT STREET N, Wellington North (Mount Forest)

$620,000

For sale: Detached

Detached at 240 EGREMONT STREET N, Wellington North (Mount Forest)
Property type
Detached
Bedrooms / bathrooms
1 bedroom, 1 bathroom
Living area
1,100 sqft
MLS®
MLS® X13514646
Neighbourhood
Mount Forest

Here is an exciting opportunity to purchase this nearly half acre in town property that Is Zoned R2. There is a severance that is currently in process separating the existing house from the remainder of the property which will be finalized by closing. This would allow you to build on the severed lot and live in the house while building or build on the lot and sell off the house. The possibilities are endless. The Medium-Density zoning Allows many different options such as a Duplex, Triplex, or Fourplex. Buyer/Buyer's Agent Must Do Their Own Due Diligence To Confirm What Can Be Built. This price includes both the newly severed lot and the existing house.

Sold data

Detached homes in Wellington North (Mount Forest) — recent sold market

Detached homes in Wellington North (Mount Forest) took a median of 50 days to sell over the last 90 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 111, across 47 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 84 days.

The median sale price was $569,900.

Homes sold for about 3.7% below asking on average, so there was room to negotiate.

About 11% of sales closed above the list price.

Around 38% of sellers reduced their price before finding a buyer.

Median days to sell
50
Median sale price
$569,900
Sale-to-list ratio
96.3%
Sold above asking
11%

Based on 47 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 240 EGREMONT STREET N