46 Preston Dr

FOR SALE
$1,299,999
46 Preston Dr, Orangeville
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
46 Preston Dr
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3 + 3
BEDROOMS
4
BATHROOMS
2
KITCHENS
7 + 5
ROOMS
W9352345
MLSID
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Property Description
Unique 3+3 Bedroom Property with Legal Basement Apartment- Earn rental income day one! Welcome to this exceptional, one-of-a-kind, property nestled in the highly sought-after neighborhood of Veterans Park, Orangeville's newest community. This unique home offers a rare combination of luxurious living and investment potential. Enjoy a total of 6 bedrooms and 4 bathrooms, with 3 bedrooms on the main and loft floors and an additional legal 3-bedroom basement apartment. Set your rental amount in this vacant basement unit that has been rented as an Airbnb and is completely above grade with regular-sized windows throughout, providing ample natural light. It features a walk-out separate entrance and a separate patio area for future tenants or Airbnb guests, offering privacy and convenience. The unit is professionally soundproofed, ensuring peace and quiet in every part of the home. The main floor is open concept with the kitchen, dining and living areas sharing one large space. Step onto the large deck that spans the entire back of the house, overlooking lush greenspace and a serene pond. It is the perfect spot for morning coffee or evening relaxation. A two-car garage with a mezzanine provides extra storage, while the driveway accommodates up to four vehicles with no sidewalk interruption. Walking trails are just seconds from your front door, making it easy to enjoy the great outdoors. This property is perfect for those looking to live in a beautiful home while generating rental income from the basement apartment. The unique setup allows for comfortable multi-generational living or the opportunity to expand your investment portfolio. Homes of this caliber in Veterans Park, are a rare find. With its unique features, prime location, and investment potential, you do not want to miss this property. Schedule a viewing today and experience the perfect blend of luxury living and smart investing!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2019-03-29 2019-04-26 28 $739,000 $717,500 Sold
Property Features
Clear View, Fenced Yard
Property Details
Community
Property Type
Detached, Bungaloft
Approximate Sq.Ft.
2500-3000
Lot Size
40' x 99'
Acreage
< .50
Fronting
South
Taxes
$6,913 (2024)
Basement
Apartment, Part Fin
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
BrBsmt8.20' x 11.48'Above Grade Window
Prim BdrmBsmt8.89' x 13.32'Above Grade Window
BrBsmt8.86' x 9.51'Above Grade Window
LivingBsmt10.07' x 11.38'W/O To Patio
KitchenBsmt12.80' x 13.81'Quartz Counter
LaundryGround7.48' x 9.58'Access To Garage
FamilyGround14.44' x 20.34'W/O To Deck
KitchenGround10.83' x 11.15'Quartz Counter
DiningGround7.22' x 11.48'
Prim BdrmGround14.11' x 11.81'W/I Closet
Br2nd9.19' x 12.47'
Br2nd8.86' x 12.47'
Orangeville Market Statistics
Orangeville Price Trend
46 Preston Dr is a 3-bedroom 4-bathroom home listed for sale at $1,299,999, which is $500,785 (62.7%) higher than the average sold price of $799,214 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 3 bedroom home in Orangeville declined by $110,786 (12.2%) compared to the previous 30 day period (July 20 - August 18) and down $66,436 (7.7%) from the same time one year ago.
Inventory Change
There were 34 3-bedroom homes listed in Orangeville over the last 30 days (August 19 - September 17), which is up 3.0% compared with the previous 30 day period (July 20 - August 18) and down 15.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Orangeville typically sold ($14,742) (1.8%) below asking price over the last 30 days (August 19 - September 17), which represents a $36 increase compared to the previous 30 day period (July 20 - August 18) and $2,810 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 Orangeville over the last 30 days (August 19 - September 17) stood at 41.2%, down from 69.7% over the previous 30 days (July 20 - August 18) and down from 50.0% 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 Orangeville stood at 18 days when successfully sold over the last 30 days (August 19 - September 17), compared to 97 days before being removed from the market upon being suspended or terminated.
Listing contracted with Coldwell Banker Ronan Realty
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