35 Narrows Lane

FOR SALE
$799,000
35 Narrows Lane, Prince Edward County
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BEDROOMS
1
BATHROOMS
1
KITCHENS
10
ROOMS
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Property Description
Welcome to your private waterfront retreat in Prince Edward County. Enjoy breathtaking panoramic views of the Bay of Quinte and unmatched sunsets from several areas of this property, including your expansive deck, upper and lower level or fire-pit. Located on a private lane with only 1other property at the end of the lane, you truly feel alone with nature. It makes the perfect escape from the city. Its wood burning fireplace and upgraded ductless system make it a cozy year-round haven for you to enjoy or rent short-term while you are not using it to cover costs. This successful Airbnb is fully licensed and earned approx. 80k gross revenue last year. Also available fully furnished and with over 100 feet of shoreline, this property ticks all the buckets at an affordable price!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-05-30 2024-09-10 103 $825,000 - Terminated
2024-05-15 2024-05-30 15 $875,000 - Terminated
2023-09-15 2024-03-14 182 $875,000 - Expired
2023-06-02 2023-07-13 41 $925,000 - Terminated
2023-07-25 2023-09-12 49 $899,000 - Terminated
2023-06-02 2023-07-13 41 $925,000 - Terminated
2023-06-02 2023-07-13 41 $925,000 - Terminated
2023-06-02 2023-07-11 39 $925,000 - Terminated
Extras
Whole-Home Licensed 2 Bedroom Property.
Property Features
Clear View, Sloping, Waterfront
Property Details
Community
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
102' x 219'
Acreage
< .50
Fronting
North
Taxes
$2,035 (2023)
Basement
Fin W/O, Full
Exterior
Alum Siding
Heat Type
Other
Heat Source
Other
Air Conditioning
Wall Unit
Water
Well
Parking Spaces
6
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain6.56' x 14.67'Open Concept, Combined W/Dining, Combined W/Kitchen
KitchenMain11.09' x 8.60'Open Concept, Combined W/Dining, Combined W/Living
Prim BdrmMain7.84' x 11.09'
2nd BrMain7.84' x 9.32'
FamilyLower26.25' x 18.41'W/O To Water, Open Concept
LaundryLower10.50' x 7.09'
UtilityLower2.76' x 3.51'
OtherLower7.35' x 6.99'
Prince Edward County Market Statistics
Prince Edward County Price Trend
35 Narrows Lane is a 2-bedroom 1-bathroom home listed for sale at $799,000, which is $187,900 (30.7%) higher than the average sold price of $611,100 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 2 bedroom home in Prince Edward County declined by $57,766 (8.6%) compared to the previous 30 day period (July 20 - August 18) and down $145,965 (19.3%) from the same time one year ago.
Inventory Change
There were 28 2-bedroom homes listed in Prince Edward County over the last 30 days (August 19 - September 17), which is up 12.0% compared with the previous 30 day period (July 20 - August 18) and up 75.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Prince Edward County typically sold ($30,249) (4.9%) below asking price over the last 30 days (August 19 - September 17), which represents a $7,659 increase compared to the previous 30 day period (July 20 - August 18) and ($14,678) 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 2-bedroom homes in Prince Edward County over the last 30 days (August 19 - September 17) stood at 35.7%, down from 48.0% over the previous 30 days (July 20 - August 18) and down from 287.5% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Prince Edward County stood at 69 days when successfully sold over the last 30 days (August 19 - September 17), compared to 88 days before being removed from the market upon being suspended or terminated.
Listing contracted with Forest Hill Real Estate Inc.
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