287 Tanbark Dr

FOR SALE
$1,475,000
287 Tanbark Dr, Niagara-on-the-Lake
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3 + 1
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
9
ROOMS
X9305295
MLSID
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Property Description
This is an amazing opportunity with a potential building lot to be severed off the back and the main home has been fully renovated with a basement apartment with separate entrance! Embrace this rare opportunity at 287 Tanbark Road in the beautiful growing community of St. David's in Niagara On The Lake. This property will take you on a journey through an exquisite 4 bedroom, 4 bathroom home that offers unparalleled elegance and comfort. Situated in one of the most sought after locations in NOTL, this home is surrounded by beautiful estates, breathtaking wineries, excellent dining and yet still minutes from day to day amenities. As you explore this property you will discover all it has to offer, after an extensive renovation in 2017 where additions took place allowing for a one bedroom in-law suite offering the flexibility for multi-generational families or potential rental income. This additional living space provides privacy and independence while still being connected to the main residence. Furthermore, this unique property presents an exciting potential severance opportunity for those looking to expand their real estate portfolio, Sellers are willing to consider severance prior to completion. Whether you are seeking a dream home or an investment opportunity in NOTL, this property will showcase how this luxury house can fulfill your desires and exceed your expectations.
Property Details
Property Type
Detached, Sidesplit 3
Lot Size
83' x 235'
Fronting
West
Taxes
$5,327 (2023)
Basement
Finished, Full
Exterior
Other, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
KitchenMain15.85' x 19.32'
DiningMain7.09' x 16.40'
LivingMain12.60' x 16.40'
LaundryMain6.43' x 6.17'
Br2nd12.40' x 10.01'
Br2nd12.40' x 9.32'
Prim Bdrm2nd19.85' x 11.75'Ensuite Bath, W/I Closet
BrBsmt10.83' x 19.26'
KitchenBsmt12.07' x 10.93'
FamilyBsmt17.09' x 19.65'
RecBsmt21.33' x 19.65'
Niagara-on-the-Lake Market Statistics
Niagara-on-the-Lake Price Trend
287 Tanbark Dr is a 3-bedroom 3-bathroom home listed for sale at $1,475,000, which is $463,691 (45.9%) higher than the average sold price of $1,011,309 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 3 bedroom home in Niagara-on-the-Lake declined by $6,881 (0.7%) compared to the previous 30 day period (July 22 - August 20) and down $293,691 (22.5%) from the same time one year ago.
Inventory Change
There were 13 3-bedroom homes listed in Niagara-on-the-Lake over the last 30 days (August 21 - September 19), which is down 18.8% compared with the previous 30 day period (July 22 - August 20) and up 18.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara-on-the-Lake typically sold ($46,378) (4.6%) below asking price over the last 30 days (August 21 - September 19), which represents a $150 decrease compared to the previous 30 day period (July 22 - August 20) and ($47,500) 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 Niagara-on-the-Lake over the last 30 days (August 21 - September 19) stood at 969.2%, down from 1,512.5% over the previous 30 days (July 22 - August 20) and up from 45.5% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Niagara-on-the-Lake stood at 31 days when successfully sold over the last 30 days (August 21 - September 19), compared to 36 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Niagara Realty Ltd.
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