5512 Third Line

FOR SALE
$3,750,000
5512 Third Line, New Tecumseth
5512 Third Line
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4 + 1
BEDROOMS
4
BATHROOMS
1
KITCHENS
9 + 2
ROOMS
N9388735
MLSID
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Property Description
A slice of Tuscany, just north of Schomberg. This expansive, newly renovated ranch bungalow sits on 50.52 breathtaking, wide open acres. Step into an open-concept great room, featuring soaring peaked ceilings with exposed beams and a rustic stone gas fireplace, perfect for gatherings and relaxation. Larger than life brand new windows flood the home with tons of natural light. Continue onto four cozy bedrooms throughout the main floor, including a primary with 3 piece ensuite, plus a designated office. Finished lower level offers an extra bedroom, extra living space, plenty of storage and potential for 5th bathroom. Convenient Mudroom/laundry room with access to the 2 car garage, and a well-appointed 2 piece powder room for guests and swimmers to use. Thoughtfully designed for multigenerational living or work-from-home convenience, this property offers multiple walkouts to the serene rear yard. Here you will enjoy beautifully landscaped grounds, mature trees, and open grass spaces. The fenced and gated pool invites you to unwind, while breathtaking sunsets set the tone for peaceful country living. 10x10 pool house with utility hook-up allows for addition of hot-tub/sauna. Over 90% of the land is farmable, and currently being farmed. Just 5 minutes from charming Schomberg and lovely family-friendly Tottenham, easy access to the 400, Newmarket, with Upper Canada Mall. This unique property combines rural charm with modern amenities, offering endless possibilities for living, working, and entertaining.
Extras
Windows (2024) Roof (2020), all new appliances, renovated bathrooms, new flooring, paint, insulation, UV light, reverse osmosis system, new furnace, pot lights, exterior lighting. Bell internet & satellite available. 10 minutes to HWY 400
Property Details
Property Type
Detached, Bungalow
Approximate Sq.Ft.
2500-3000
Lot Size
1,830' x 1,158'
Acreage
50-99.99
Lot Irregularities
50.52 ac
Fronting
North
Taxes
$4,236 (2024)
Basement
Finished, Part Bsmt
Exterior
Stone, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Well
Pool
Inground
Parking Spaces
10
Driveway
Circular
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
Great RmMain27.07' x 26.41'Gas Fireplace, Vaulted Ceiling
LivingMain39.57' x 27.17'
KitchenMain20.73' x 22.67'
LaundryMain8.76' x 10.01'
OfficeMain8.83' x 9.25'
BrMain15.68' x 13.68'
BrUpper10.66' x 10.50'
BrUpper12.01' x 7.74'
Prim BdrmUpper23.00' x 11.15'3 Pc Ensuite
RecLower20.83' x 13.16'
BrLower14.17' x 7.91'
New Tecumseth Market Statistics
New Tecumseth Price Trend
5512 Third Line is a 4-bedroom 4-bathroom home listed for sale at $3,750,000, which is $2,818,750 (302.7%) higher than the average sold price of $931,250 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 4 bedroom home in New Tecumseth declined by $128,916 (12.2%) compared to the previous 30 day period (September 23 - October 22) and down $89,464 (8.8%) from the same time one year ago.
Inventory Change
There were 23 4-bedroom homes listed in New Tecumseth over the last 30 days (October 23 - November 21), which is down 41.0% compared with the previous 30 day period (September 23 - October 22) and up 15.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in New Tecumseth typically sold ($23,474) (2.5%) below asking price over the last 30 days (October 23 - November 21), which represents a $9,175 decrease compared to the previous 30 day period (September 23 - October 22) and $4,300 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 4-bedroom homes in New Tecumseth over the last 30 days (October 23 - November 21) stood at 34.8%, up from 30.8% over the previous 30 days (September 23 - October 22) and down from 35.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in New Tecumseth stood at 48 days when successfully sold over the last 30 days (October 23 - November 21), compared to 53 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Chay Realty
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