5897 17th Sdrd
Rural King, King, L0G 1T0
FOR SALE
$9,999,999
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3 + 2
BEDROOMS4
BATHROOMS1 + 1
KITCHENS9 + 8
ROOMSN9355620
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Property Description
For The First Time Ever Available On The Market, This Property Is A Rare Gem From The Original Owners, Presenting An Unparalleled Opportunity For Development. Spanning 48 Manicured Acres At The Prime Intersection Of Highway 27 And 17th Sideroad, This Flat Land Boasts Over 1,000 Feet Of Coveted Frontage On Both Roads. The Estate Features Two Custom-built Homes And Two Custom Workshops, Showcasing Immense Potential For Various Development Ventures. The Main Residence, Constructed In 2006, Offers Over 6,000 Square Feet Of Luxurious Living Space With A Solid Concrete Foundation And A Metal Roof. The Secondary House And Workshop Currently Generate $6,000 In Monthly Rental Income, Adding Immediate Value. This Corner Property's Strategic Location Is Just A Stone's Throw From Nobleton, 15 Minutes To Kleinburg, And 25 Minutes To The Airport Opens Up Limitless Possibilities For Builders To Create A Grand Custom Home Or For Families To Enjoy A Sprawling Estate For Generations. With Its Exceptional Frontage And Versatile Usage, This Property Invites You To Imagine And Realize Its Full Potential
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
1,058' x 1,647'
Acreage
25-49.99
Lot Irregularities
1,322 ft Wide Flat Land
Fronting
West
Taxes
$9,737 (2024)
Basement
Fin W/O, Sep Entrance
Exterior
Stone
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
Central Air
Water
Well
Parking Spaces
20
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Office | Main | 12.89' x 12.11' | |
| Living | Main | 16.11' x 22.11' | |
| Kitchen | Main | 11.09' x 12.40' | |
| Dining | Main | 1.25' x 15.09' | |
| Prim Bdrm | Main | 15.81' x 19.09' | |
| 2nd Br | Main | 11.09' x 14.70' | |
| 3rd Br | Main | 10.10' x 14.40' | |
| 4th Br | Bsmt | 13.71' x 16.80' | |
| 5th Br | Bsmt | 15.29' x 14.70' | |
| Solarium | Main | 8.89' x 16.08' | |
| Rec | Bsmt | 15.32' x 61.91' | |
| Media/Ent | Bsmt | 16.27' x 27.69' |
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King Market Statistics
King Price Trend
5897 17th Sdrd is a 3-bedroom 4-bathroom home listed for sale at $9,999,999, which is $7,554,999 (309.0%) higher than the average sold price of $2,445,000 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 3 bedroom home in King increased by $475,000 (24.1%) compared to the previous 30 day period (November 19 - December 18) and up $948,500 (63.4%) from the same time one year ago.Inventory Change
There were 11 3-bedroom homes listed in King over the last 30 days (December 19 - January 17), which is down 15.4% compared with the previous 30 day period (November 19 - December 18) and up 83.3% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in King typically sold ($150,300) (6.1%) below asking price over the last 30 days (December 19 - January 17), which represents a $76,986 decrease compared to the previous 30 day period (November 19 - December 18) and ($165,949) 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 King over the last 30 days (December 19 - January 17) stood at 27.3%, down from 46.2% over the previous 30 days (November 19 - December 18) and down from 33.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in King stood at 47 days when successfully sold over the last 30 days (December 19 - January 17), compared to 63 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Specialists Team Sukhvinder
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