2788 Highway 28

FOR SALE
$675,000
2788 Highway 28, Port Hope
2788 Highway 28
2788 Highway 28
2788 Highway 28
2788 Highway 28
2788 Highway 28
2788 Highway 28
2788 Highway 28
2788 Highway 28
2788 Highway 28
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
5
ROOMS
X9348898
MLSID
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Property Description
Welcome to this charming and versatile brick bungalow featuring both residential comfort and potential commercial capability. Situated on a generous 1+ acre lot, in rural Port Hope, just a short distance from all essential amenities. This property is brimming in potential! The home offers 3 bedrooms and 2 baths, an unfinished basement for you to design as you wish and a sizeable property that has the potential to host a second dwelling or for extra parking. A bit of updating would transform this home into the perfect place to grow or start making memories with your family. With an approved development plan this property could make the ideal investment for future commercial or residential projects (buyers to do their due diligence). There is plenty of room to grow and customize to your liking. Conveniently located near highway 401 ensures commuting will never be an issue. The property also features a solid detach garage with workshop in the back and fenced yard. Promising endless possibilities for the shrewd buyer, this is the one you won't want to miss!
Property Details
Property Type
Detached, Bungalow
Lot Size
240' x 217'
Acreage
50-99.99
Fronting
West
Taxes
$3,996 (2023)
Basement
Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
None
Water
Well
Parking Spaces
4
Driveway
Available
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
KitchenMain8.50' x 13.19'
LivingMain10.24' x 23.39'
BrMain12.99' x 12.40'
BrMain7.22' x 10.17'
BrMain7.22' x 10.17'
FoyerMain5.41' x 5.41'
Port Hope Market Statistics
Port Hope Price Trend
2788 Highway 28 is a 3-bedroom 2-bathroom home listed for sale at $675,000, which is $117,782 (14.9%) lower than the average sold price of $792,782 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 3 bedroom home in Port Hope increased by $142,782 (22.0%) compared to the previous 30 day period (July 22 - August 20) and up $252,363 (46.7%) from the same time one year ago.
Inventory Change
There were 29 3-bedroom homes listed in Port Hope over the last 30 days (August 21 - September 19), which is up 70.6% compared with the previous 30 day period (July 22 - August 20) and up 107.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Port Hope typically sold ($11,161) (1.4%) below asking price over the last 30 days (August 21 - September 19), which represents a $2,839 increase compared to the previous 30 day period (July 22 - August 20) and $1,645 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 Port Hope over the last 30 days (August 21 - September 19) stood at 31.0%, down from 41.2% over the previous 30 days (July 22 - August 20) and down from 935.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Port Hope stood at 16 days when successfully sold over the last 30 days (August 21 - September 19), compared to 39 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 All-Pro Realty (1993) Ltd.
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