2 Spruce St
Collingwood, Collingwood, L9Y 3G6
FOR SALE
$850,000
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Property Description
Development Opportunity Close To Restaurants, Coffee Shops, Shopping, Waterfront, Collingwood's Trail System And More! This Corner Lot Has An Approved Severance And The Seller Will Finalize For Closing. In The End, You Will Have Two Lots With The First Being Lot 1 - 64.3 Ft X 95.47 Ft And A Lot Area Of Approximately 512 Square Metres. Lot 2 - 52.49 Ft X 95.14 Ft And A Lot Area Of Approximately 460 Square Metres. Current Severance Application Is Conditionally Approved Until November 2024, With An Interim Control By-Law Exemption In Place.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-09-05 | 2023-12-31 | 117 | $849,900 | - | Expired |
| 2023-04-18 | 2023-08-31 | 136 | $849,900 | - | Expired |
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
97' x 96'
Acreage
< .50
Lot Irregularities
95.68 Ft X 117.44 Ft X 96.47 Ft X 104.23
Fronting
West
Taxes
$2,532 (2023)
Basement
Crawl Space
Exterior
Wood
Heat Type
Other
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Dining | Main | 10.01' x 8.43' | |
| Living | Main | 12.99' x 13.68' | |
| Br | Main | 9.58' x 10.17' | |
| 2nd Br | Main | 8.33' x 9.68' | |
| 3rd Br | Main | 7.41' x 8.99' |
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Collingwood Market Statistics
Collingwood Price Trend
2 Spruce St is a 3-bedroom 1-bathroom home listed for sale at $850,000, which is $104,333 (10.9%) lower than the average sold price of $954,333 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 3 bedroom home in Collingwood declined by $55,467 (5.5%) compared to the previous 30 day period (February 27 - March 27) and up $195,167 (25.7%) from the same time one year ago.Inventory Change
There were 18 3-bedroom homes listed in Collingwood over the last 30 days (March 28 - April 26), which is up 12.5% compared with the previous 30 day period (February 27 - March 27) and up 5.9% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Collingwood typically sold ($25,840) (2.7%) below asking price over the last 30 days (March 28 - April 26), which represents a $11,298 increase compared to the previous 30 day period (February 27 - March 27) and ($17,483) 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 3-bedroom homes in Collingwood over the last 30 days (March 28 - April 26) stood at 83.3%, up from 62.5% over the previous 30 days (February 27 - March 27) and up from 35.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Collingwood stood at 29 days when successfully sold over the last 30 days (March 28 - April 26), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Locations North
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