510 Salmon Point Rd

FOR SALE
$2,700,000
510 Salmon Point Rd, Prince Edward County
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
510 Salmon Point Rd
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4
BEDROOMS
3
BATHROOMS
1
KITCHENS
8
ROOMS
X9012263
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Property Description
This magnificent Salmon Point Road property sits on the shores of Lake Ontario in beautiful Prince Edward County. The unique location of over three acres offers tranquility, seclusion, an abundance of mature trees and over 285 feet of limestone shoreline. The 4 bedroom, 3 bathroom house, with its many windows and glass doors, was custom designed to create the impression of being outside even from the interior. The views of the Lake and Sandbanks Outlet Beach and the woods on the east side are spectacular, as are the western sunsets over the water. The house has three levels with over 3,400 square feet of relaxing space that has been meticulously cared for and enjoyed. On the first floor is a large family room with wood-burning fireplace and a delightful terrace amongst vibrant green space and manicured gardens. The main level features a soaring two-story ceiling with a glass wall of windows and walkout sliding doors overlooking the glistening waters of the Lake, along with a gas fireplace. Two bedrooms and a 4-piece bathroom are located along one wing of this floor while a well-equipped kitchen, dining area and sunroom balance off the remainder of this effortless open plan. The third level has a spacious master suite with balcony and a large fourth bedroom, also with balcony, currently being used as an office space by the owner. There are many decks and spaces for enjoying the outdoors, and a detached garage. As an added bonus, there is a charming self- contained cottage, finished in pine and comprising a kitchen, living/dining area, master bedroom, bunk room and 3-piece bathroom. The entire canvas adapts with ease to family needs, weekend retreats and entertaining larger groups of family and friends. This offering is a once-in a-lifetime opportunity to enjoy the very best elements of waterfront living in Prince Edward and participate in all the County has to offer.
Property Features
Beach, Clear View, Hospital, Lake Access, Library, Park
Property Details
Community
Property Type
Detached, 3-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
200' x 599'
Acreage
2-4.99
Fronting
North
Taxes
$8,138 (2023)
Basement
Fin W/O
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
None
Water
Well
Parking Spaces
8
Driveway
Pvt Double
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
KitchenMain11.55' x 12.07'
DiningMain11.55' x 16.63'
LivingMain22.54' x 16.90'Fireplace
BrMain13.68' x 9.06'
2nd BrMain11.32' x 9.09'
Prim Bdrm2nd22.90' x 14.80'4 Pc Ensuite
4th Br2nd22.90' x 12.11'
FamilyLower22.83' x 20.28'
LaundryLower12.89' x 12.04'
OtherLower12.70' x 15.62'
OtherLower11.12' x 12.14'
Prince Edward County Market Statistics
Prince Edward County Price Trend
510 Salmon Point Rd is a 4-bedroom 3-bathroom home listed for sale at $2,700,000, which is $1,536,030 (132.0%) higher than the average sold price of $1,163,970 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 4 bedroom home in Prince Edward County increased by $377,545 (48.0%) compared to the previous 30 day period (July 20 - August 18) and down $94,601 (7.5%) from the same time one year ago.
Inventory Change
There were 20 4-bedroom homes listed in Prince Edward County over the last 30 days (August 19 - September 17), which is down 20.0% compared with the previous 30 day period (July 20 - August 18) and up 122.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Prince Edward County typically sold ($62,196) (5.3%) below asking price over the last 30 days (August 19 - September 17), which represents a $10,397 decrease compared to the previous 30 day period (July 20 - August 18) and ($48,385) 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 4-bedroom homes in Prince Edward County over the last 30 days (August 19 - September 17) stood at 30.0%, up from 16.0% over the previous 30 days (July 20 - August 18) and down from 311.1% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Prince Edward County stood at 77 days when successfully sold over the last 30 days (August 19 - September 17), compared to 63 days before being removed from the market upon being suspended or terminated.
Listing contracted with Chestnut Park Real Estate Limited
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