114-116 McGill St

Quinte West, K8V 3K1
FOR SALE
$550,000
114-116 McGill St, Quinte West
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4
BEDROOMS
2
BATHROOMS
2
KITCHENS
1
ROOMS
X9263404
MLSID
Contact Us
Property Description
Perfect investment property or hybrid. Two separate 2 bedrooms semi detached homes makes up this parcel. Fully renovated units currently rented month to month at $2150 and $2400 all inclusive respectively. All renovations were completed with city permits.
Property Details
Street
Property Type
Detached, Bungalow
Lot Size
66' x 132'
Fronting
North
Taxes
$2,261 (2023)
Basement
Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
Quinte West Market Statistics
Quinte West Price Trend
114-116 McGill St is a 4-bedroom 2-bathroom home listed for sale at $550,000, which is $130,000 (19.1%) lower than the average sold price of $680,000 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 4 bedroom home in Quinte West increased by $20,000 (3.0%) compared to the previous 30 day period (September 23 - October 22) and up $230,000 (51.1%) from the same time one year ago.
Inventory Change
There were 8 4-bedroom homes listed in Quinte West over the last 30 days (October 23 - November 21), which is down 55.6% compared with the previous 30 day period (September 23 - October 22) and up 14.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Quinte West typically sold ($13,000) (1.9%) below asking price over the last 30 days (October 23 - November 21), which represents a $6,000 increase compared to the previous 30 day period (September 23 - October 22) and ($99,000) 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 4-bedroom homes in Quinte West over the last 30 days (October 23 - November 21) stood at 112.5%, up from 16.7% over the previous 30 days (September 23 - October 22) and up from 14.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Quinte West stood at 43 days when successfully sold over the last 30 days (October 23 - November 21), compared to 29 days before being removed from the market upon being suspended or terminated.
Listing contracted with Ipro Realty Ltd
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