8299 Concession 2 Rd
West Lincoln, L0R 1E0
FOR SALE
$2,500,000
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3 + 1
BEDROOMS2
BATHROOMS1 + 1
KITCHENS9
ROOMSX8057610
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Property Description
Discover a Stunning 50 acre ostrich farm nestled in the picturesque Niagara region, featuring a meticulously constructed raised ranch bungalow with exceptional quality. This bungalow boasts an excellent layout, double garage, and a commercial grade kitchen capable of accommodating 35-40 customers during events. The expansive basement includes a commercial walk-out entrance and a generous recreational area. Additionally, there is a spacious barn spanning approximately 3,500 square feet, perfect for housing animals and providing ample storage space. The property also includes five smaller animal houses and two 53' trailer houses for storage purposes. The Seller reports an impressive annual income of $200,000.00 from both the kitchen and the farm's ostrich operations. Furthermore, the Seller is willing to offer three months or more of training.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-10-02 | 2024-02-09 | 130 | $3,290,000 | - | Terminated |
Extras
Fridge, stove, washer, dryer, light fixtures, window coverings.
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Property Details
Street
City
Property Type
Detached, Bungalow-Raised
Lot Size
2,540' x 2,523'
Acreage
50-99.99
Fronting
South
Taxes
$5,092 (2023)
Basement
Fin W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Well
Parking Spaces
9
Driveway
Private
Garage Type
Detached
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West Lincoln Market Statistics
West Lincoln Price Trend
8299 Concession 2 Rd is a 3-bedroom 2-bathroom home listed for sale at $2,500,000, which is $1,790,000 (252.1%) higher than the average sold price of $710,000 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 3 bedroom home in West Lincoln declined by $1,250 (0.2%) compared to the previous 30 day period (February 27 - March 27) and down $150,000 (17.4%) from the same time one year ago.Inventory Change
There were 7 3-bedroom homes listed in West Lincoln over the last 30 days (March 28 - April 26), which is up 75.0% compared with the previous 30 day period (February 27 - March 27) and down 36.4% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in West Lincoln typically sold ($5,000) (0.7%) below asking price over the last 30 days (March 28 - April 26), which represents a $8,650 increase compared to the previous 30 day period (February 27 - March 27) and ($8,150) 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 West Lincoln over the last 30 days (March 28 - April 26) stood at 71.4%, down from 200.0% over the previous 30 days (February 27 - March 27) and up from 36.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in West Lincoln stood at 89 days when successfully sold over the last 30 days (March 28 - April 26), compared to 147 days before being removed from the market upon being suspended or terminated.Listing contracted with Intercity Realty Inc.
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