21889 Highway 48
Rural East Gwillimbury, East Gwillimbury, L0G 1M0
FOR SALE
$4,499,999
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3 + 2
BEDROOMS6
BATHROOMS1 + 1
KITCHENS8 + 5
ROOMSN10412905
MLSIDContact Us
Property Description
A rare and lucrative investment opportunity, this expansive 50-acre estate comes fully irrigated and includes a professionally designed 9-hole executive golf course, a spacious raised bungalow with a private walk-out in-law suite, and a large, versatile workshop (approximately 4,000 Sq.Ft.) powered by a 10-amp supply. Enhanced by diverse revenue-generating features, the property also boasts well-maintained 40x20 and 40x8 storage facilities, a resort-style saltwater pool, serene fish pond, a beautifully matured garden, and numerous other amenities that make this a truly exceptional property for investors seeking value and appeal.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-05-11 | 2024-06-11 | 31 | $2,999,000 | - | Terminated |
2020-09-17 | 2020-10-02 | 15 | $2,298,888 | $2,053,000 | Sold |
Property Features
Clear View, Golf, Lake/Pond, River/Stream
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Property Details
Street
Community
City
Property Type
Detached, Bungalow-Raised
Lot Size
614' x 3,525'
Acreage
50-99.99
Fronting
East
Taxes
$5,624 (2023)
Basement
Finished, W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
Central Air
Water
Well
Parking Spaces
12
Driveway
Private
Garage Type
Built-In
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 16.63' x 22.05' | Hardwood Floor, Large Window |
Dining | Main | 12.93' x 22.60' | Hardwood Floor, Formal Rm |
Kitchen | Main | 15.35' x 17.59' | Ceramic Floor, Granite Counter |
Breakfast | Main | 10.79' x 11.52' | Hardwood Floor, W/O To Deck |
Family | Main | 17.16' x 22.93' | Hardwood Floor, Overlook Golf Course |
Prim Bdrm | Main | 14.01' x 14.04' | Hardwood Floor, 5 Pc Ensuite |
2nd Br | Main | 10.89' x 14.50' | Hardwood Floor, Double Closet |
3rd Br | Main | 9.58' x 11.68' | Hardwood Floor, Double Closet |
Kitchen | Bsmt | 12.20' x 14.21' | Eat-In Kitchen |
Rec | Bsmt | 11.88' x 20.90' | Beamed |
Br | Bsmt | 10.99' x 16.37' | Above Grade Window |
Br | Bsmt | 11.06' x 16.73' |
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East Gwillimbury Market Statistics
East Gwillimbury Price Trend
21889 Highway 48 is a 3-bedroom 6-bathroom home listed for sale at $4,499,999, which is $3,273,099 (266.8%) higher than the average sold price of $1,226,900 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in East Gwillimbury increased by $255,775 (26.3%) compared to the previous 30 day period (September 21 - October 20) and up $128,650 (11.7%) from the same time one year ago.Inventory Change
There were 25 3-bedroom homes listed in East Gwillimbury over the last 30 days (October 21 - November 19), which is down 0.0% compared with the previous 30 day period (September 21 - October 20) and down 10.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in East Gwillimbury typically sold ($35,699) (2.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $11,963 decrease compared to the previous 30 day period (September 21 - October 20) and ($46,757) 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 East Gwillimbury over the last 30 days (October 21 - November 19) stood at 40.0%, up from 32.0% over the previous 30 days (September 21 - October 20) and down from 42.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 6-bathroom home in East Gwillimbury stood at 25 days when successfully sold over the last 30 days (October 21 - November 19), compared to 50 days before being removed from the market upon being suspended or terminated.Listing contracted with Intercity Realty Inc.
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