4 Merritt Circ

FOR SALE
$1,550,000
4 Merritt Circ, Niagara-on-the-Lake
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3 + 3
BEDROOMS
4
BATHROOMS
1 + 1
KITCHENS
6 + 6
ROOMS
X5833978
MLSID
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Property Description
A Luxury Lifestyle Opportunity Presents Itself With Rejuvenated Value For This 2193Sq Ft Raised Bungalow Situated Prominently In Exclusive Garrison Village Neighbourhood, Considered One Of The Most Sought After Areas In Prestigious Niagara-On-The-Lake. Featuring 3 Spacious Bedrooms With Walk In Closets On The Main Floor, 2+2 Bathrooms, Walk Out Lower Level Access, Inground Pool With Renovated Pool House, New Roof, And The Expectation Of New Finishes To The Palette Of A Partially Gutted Interior, The Value Of This Home Welcomes Limitless Potential. Include 0.567 Acre, Fully Fenced In Lot, Double Car Garage, Concrete Patio That Surrounds The Home And Elevated Deck Overlooking The Option To Entertain Guests, And This Home Will Fulfill Every Checklist When Fully Finished. Make Your Appointment Today!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-08-19 2022-10-13 55 $1,595,000 - Terminated
2022-08-19 2022-10-11 54 $1,595,000 - Suspended
2022-07-13 2022-08-27 45 $1,699,900 - Terminated
Property Features
Cul De Sac, Fenced Yard, School Bus Route
Property Details
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
2000-2500
Lot Size
120' x 225'
Acreage
.50-1.99
Fronting
South
Taxes
$8,252 (2022)
Basement
Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
6
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
OfficeMain10.76' x 14.93'Combined W/Dining
KitchenMain13.68' x 19.75'
LivingMain13.48' x 17.91'
BrMain13.48' x 13.85'
2nd BrMain13.91' x 13.85'
3rd BrMain13.91' x 12.34'
OfficeBsmt10.24' x 14.93'
KitchenBsmt19.75' x 12.24'Combined W/Dining
FamilyBsmt19.16' x 13.09'
BrBsmt13.09' x 13.25'
2nd BrBsmt13.42' x 13.25'
3rd BrBsmt13.42' x 14.17'
Niagara-on-the-Lake Market Statistics
Niagara-on-the-Lake Price Trend
4 Merritt Circ is a 3-bedroom 4-bathroom home listed for sale at $1,550,000, which is $850,000 (121.4 %) higher than the average sold price of $700,000 in the last 30 days (November 1 - November 30). During the last 30 days the average sold price for a 3 bedroom home in Niagara-on-the-Lake declined by $667,500 (48.8 %) compared to the previous 30 day period (October 2 - October 31) and down $215,000 (23.5 %) from the same time one year ago.
Inventory Change
There were 5 3-bedroom homes listed in Niagara-on-the-Lake over the last 30 days (November 1 - November 30), which is down 37.5 % compared with the previous 30 day period (October 2 - October 31) and down 37.5 % compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara-on-the-Lake typically sold ($149,900) (21.4 %) below asking price over the last 30 days (November 1 - November 30), which represents a $64,251 decrease compared to the previous 30 day period (October 2 - October 31) and ($34,000) 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 Niagara-on-the-Lake over the last 30 days (November 1 - November 30) stood at 20.0 %, down from 75.0 % over the previous 30 days (October 2 - October 31) and up from 12.5 % one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in Niagara-on-the-Lake stood at 92 days when successfully sold over the last 30 days (November 1 - November 30), compared to 91 days before being removed from the market upon being suspended or terminated.
Listing contracted with Revel Realty Inc., Brokerage
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