231 Oak St
Wellington Ward, Prince Edward County, K0K 3L0
FOR SALE
$850,000
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Property Description
Welcome to this stunning 3-bedroom bungalow in the heart of Wellington, Prince Edward County! Perfectly situated just a short walk from the beach, this is a rare opportunity to own a fully licensed AirBnB and highly rated property with a proven track record of excellent income generation. Key Features: Private Resort-Style Backyard: Fully fenced for privacy, this outdoor oasis features low-maintenance landscaping with charming interlock walkways and driveway. Enjoy your own private retreat with gas lines for both a barbecue and a fire bowl perfect for entertaining or relaxing under the stars. High-End Finishes: Inside, vaulted ceilings create a spacious and airy atmosphere, while the designer kitchen boasts sleek granite countertops, heated floor and a custom coffee bar. Every detail has been carefully considered to ensure comfort and style. Meticulously Designed Spaces: With premium finishes throughout, this home features high-end flooring, luxurious fixtures, and a cozy, yet modern aesthetic. Energy Efficient & Low Maintenance: The metal roof ensures durability and minimal upkeep, while the professionally designed landscaping requires little maintenance, giving you more time to enjoy the beautiful surroundings. Outbuildings for Extra Storage: Additional outbuildings offer ample space for tools, equipment, or even a workshop. Perfect Location: Situated in a prime location in town, you'll be able to enjoy all that Wellington has to offer, including shops, restaurants, and local wineries. The beach is just a short stroll away for sunbathing, swimming, and scenic walks along the waterfront. Whether you're looking for a personal retreat or a turnkey profitable investment property, this home has it all. With its private backyard, high-end finishes, and incredible location, it won't last long on the market. Schedule your private showing today! Don't miss out on the chance to own this beautiful property and enjoy the ultimate lifestyle in Prince Edward County!
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Property Features
Beach, Cul De Sac, Fenced Yard, School
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Property Details
Street
Community
Property Type
Detached, Bungalow
Lot Size
58' x 128'
Fronting
South
Taxes
$2,100 (2024)
Basement
None
Exterior
Board/Batten
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Garage Type
None
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Prince Edward County Market Statistics
Prince Edward County Price Trend
231 Oak St is a 3-bedroom 1-bathroom home listed for sale at $850,000, which is $76,800 (9.9%) higher than the average sold price of $773,200 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Prince Edward County increased by $187,220 (31.9%) compared to the previous 30 day period (December 22 - January 20) and up $132,629 (20.7%) from the same time one year ago.Inventory Change
There were 24 3-bedroom homes listed in Prince Edward County over the last 30 days (January 21 - February 19), which is up 50.0% compared with the previous 30 day period (December 22 - January 20) and down 11.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Prince Edward County typically sold ($84,230) (10.9%) below asking price over the last 30 days (January 21 - February 19), which represents a $71,630 decrease compared to the previous 30 day period (December 22 - January 20) and ($44,414) 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 Prince Edward County over the last 30 days (January 21 - February 19) stood at 41.7%, up from 31.2% over the previous 30 days (December 22 - January 20) and up from 25.9% 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 Prince Edward County stood at 76 days when successfully sold over the last 30 days (January 21 - February 19), compared to 144 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Lanthorn Real Estate Ltd.
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