Sensational Port Perry Home for Sale – This Massive 3400 Square Foot Home Has an Additional 1500+ Square Foot In-law Suite / Apartment in the Basement. Bringing the Total Living Space in this home to just over 5200 Square Feet. Not to mention the massive 1/2 acre in town lot situates this home close to everything and within walking
Don’t Miss this Opportunity and be sure to check out the stunning Doll House 3D Virtual Tour
Choose to Keep all 5200 square feet for yourself or share and accommodate additional family members in their own self contained space. The In-Law Suite has large above grade windows making the space bright and welcoming. There are 2 Staircases leading to basement level providing access for yourself and a separate private entrance if needed. Very easy to convert for a completely separate 1 Bedroom Apartment
Main Floor is an entertainers paradise with large open concept Kitchen, Dining Room and Great Room all of which overlook the oasis like back yard with Sprawling Deck, Hot tub and Inground Pool
Principal rooms on 2nd level are all very generous and its also where you will find the spacious laundry room. Master Bedroom features large walk in closet, cozy gas fireplace W/O to private deck and Large 4 Piece Master En-suite
A few weeks ago I was speaking to some clients and customers about moving up to larger more spacious homes. Most wanted to however there was common thread among everyone for not wanting to make the move right now and that was “it seems larger homes are increasing in value so much quicker”. This may be true but it is a bit of a misconception – it seemed larger homes were increasing quicker because that is what they are focused on right now. Most people are only looking at the homes they would like to move up to and not the values of the homes they are in. Having uncovered this little nugget I thought it would be cool to do some research for some of those people. Most people I spoke to are currently living in smaller Townhomes so i picked a street that is made up of entirely townhomes and ran some numbers from 2010 to today.
Here is what I found out:
Street “A” Located in North Oshawa – 3 Bedroom + 3 Bathroom Town-Homes with roughly 1500 – 1600 square feet
2010 Average Sale Price $233,250 with the highest sale being $258,000
2011 Average Sale Price $239,480 with the highest sale being $247,900 – Based on Average Sale price that is an increase of only 2% from 2010 to 2011
2012 Average Sale Price $264,633 with the highest sale being $274,900 – Based on Average Sale price that is anincrease of 10% from 2011 to 2012
2013 Average Sale Price $294,378 with the highest sale being $319,500 – Based on Average Sale price that is an increase of 11% from 2012 to 2013
That is an amazing increase in just 4 years – I am not sure if any standard investments have performed as well and provided that much of a return. At the low end of the spectrum there is potentially $61,128.00 worth of equity in your home. Not to mention most Canadians are very responsible in paying down their mortgages which means there might be even more equity available that will allow them to move up to the larger and more spacious home or acquire a home in the neighbourhood they have always wanted to be in, the one with the mature trees lining the street with great schools and with walking distance to all amenities.
If you are interested in finding out more about the street you live on or the neighbourhood you call home, please feel free to give me a call and I can provide the same level of research that will help you with your own decisions. Deciding to buy and or sell is a huge decision and should be made when you have all of the most relevant information you can obtain. Being well informed can save you thousands of dollars!
If you or someone you know is considering buying a home or selling their own home please have them contact me I would be happy to help with all of their real estate needs!