698 Rye St

FOR SALE
$1,595,000
698 Rye St, Niagara-on-the-Lake
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3
BEDROOMS
3
BATHROOMS
1
KITCHENS
8
ROOMS
X9230093
MLSID
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Property Description
Step into a piece of history with this professionally remodeled circa 1817 home, located in the sought-after Old Town neighborhood near Rye Heritage Park. This 3-bedroom, 3-bathroom residence offers over 2000 sq. ft. of living space and combines historic charm with modern luxury. The main floor features a living room with a fireplace, a chef's kitchen equipped with high-end appliances, and an inviting 3-seasons room for relaxation. Upstairs, a light-filled laundry area separates the master suite from two guest bedrooms. The master suite includes a walk-in closet, gas fireplace, private ensuite, and a Juliet balcony overlooking the tranquil rear garden and Rye Heritage Park. Entertain guests in the fully fenced backyard with gardens, patio space, and a heated inground saltwater pool. A small koi pond enhances the peaceful atmosphere. Inside, engineered hardwood flooring with herringbone detail on the first floor and granite countertops throughout add elegance. Skylights provide natural light, and gas fireplaces upstairs and downstairs offer warmth and ambiance. Complete with a two-car built-in garage and a double brick driveway, this home was renovated to perfection in 2023. Enjoy living in a historic yet modern setting, where every detail reflects quality and timeless appeal.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-04-19 2022-04-29 10 $1,399,900 $1,300,000 Sold
2022-04-04 2022-04-12 8 $1,429,900 - Terminated
Property Details
Street
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
66' x 122'
Fronting
South
Taxes
$6,260 (2023)
Basement
Crawl Space
Exterior
Shingle, Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
4
Driveway
Private
Garage Type
Attached
Niagara-on-the-Lake Market Statistics
Niagara-on-the-Lake Price Trend
698 Rye St is a 3-bedroom 3-bathroom home listed for sale at $1,595,000, which is $583,691 (57.7%) 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 Revel Realty Inc.
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