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Property Description
Discover the ultimate residential/commercial opportunity with this charming 3-bedroom century home on a spacious, commercially zoned property in vibrant Port Hope. Perfectly suited for the live/work dynamic, this 1450 sq/ft residence offers immediate move-in potential or rental income with commercial zoning. The property is zoned Com2 which accommodates a wide range of uses such as automotive, retail, and professional offices. Located with high visibility and easy access to Highway 401, this prime location is ideal for your entrepreneurial dreams. Seize this unique chance to live where you work and thrive in a community full of potential!
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Lot Size
164' x 189'
Fronting
South
Taxes
$3,040 (2023)
Basement
Full, Unfinished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
10
Driveway
Circular
Garage Type
None
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Port Hope Market Statistics
Port Hope Price Trend
69 Peter St is a 3-bedroom 1-bathroom home listed for sale at $690,000, which is $62,500 (8.3%) lower than the average sold price of $752,500 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Port Hope declined by $500 (0.1%) compared to the previous 30 day period (September 21 - October 20) and down $38,250 (4.8%) from the same time one year ago.Inventory Change
There were 11 3-bedroom homes listed in Port Hope over the last 30 days (October 21 - November 19), which is down 38.9% compared with the previous 30 day period (September 21 - October 20) and down 15.4% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Port Hope typically sold ($26,250) (3.5%) below asking price over the last 30 days (October 21 - November 19), which represents a $17,340 decrease compared to the previous 30 day period (September 21 - October 20) and ($39,174) 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 Port Hope over the last 30 days (October 21 - November 19) stood at 127.3%, up from 55.6% over the previous 30 days (September 21 - October 20) and up from 30.8% 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 Port Hope stood at 19 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 Royal Lepage Proalliance Realty
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