57 Ferris Lane

FOR SALE
$1,159,999
57 Ferris Lane, New Tecumseth
57 Ferris Lane
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4 + 1
BEDROOMS
3
BATHROOMS
1
KITCHENS
14
ROOMS
N11942423
MLSID
Contact Us
Property Description
First time offered for sale! Don't miss this rare opportunity to own one of only two corner homes on a spacious 0.25-acre lot with no rear neighbors. The backyard is a true entertainers paradise, featuring a custom-built stone patio, hot tub, built-in BBQ with griddle, and beautifully landscaped green space ideal for garden parties or family games. Inside, this expansive family home boasts over 3,000 sf of finished living space with numerous updates. The dining room, complete with custom wood ceiling beams, provides a perfect setting for gatherings, framed by a lovely bay window that's ideal for a Christmas tree or cozy reading nook. Freshly painted trim accents the entry and staircase, leading to a practical mudroom with built-in storage and direct garage access. The large eat-in kitchen offers abundant cabinetry and granite countertops, while the living room is designed for relaxation with built-in shelving, flush-mount speakers, and a projector setup for movie nights. Upstairs, discover four spacious bedrooms, including a primary suite with double French doors, a grand window with yard views, and a large ensuite bath. The second-floor laundry adds convenience to daily routines. The finished basement provides additional living space, a rough-in for a fourth bathroom, and the option for a fifth bedroom perfect for guests or family. This smart home is also equipped with Wi-Fi switches, a Ring doorbell, a smart garage door opener, and a Nest thermostat, providing modern convenience and enhanced security. This exceptional home truly has it all, with room to add your personal touch! **EXTRAS** Hot tub, cooking counter w/ built-in BBQ and griddler, covered patio, outdoor TV/sound system/lights, flush-mount speakers, projector and screen, garden shed, ethernet drop thru-out, smart home connectivity, irrigation system.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-11-07 2025-01-27 81 $1,159,999 - Terminated
Property Features
Fenced Yard, Grnbelt/Conserv, Hospital, Library, Park, Ravine
Property Details
Community
Property Type
Detached, 2-Storey
Lot Size
38' x 164'
Fronting
North
Taxes
$5,000 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
FoyerMain8.99' x 4.17'
DiningMain20.51' x 10.99'
LivingMain14.24' x 15.09'
KitchenMain17.42' x 10.99'
Prim Bdrm2nd13.48' x 13.42'
Bathroom2nd12.17' x 10.07'Combined W/Master, 4 Pc Ensuite
2nd Br2nd12.99' x 11.15'
3rd Br2nd9.25' x 9.58'
Laundry2nd5.51' x 4.92'
4th Br2nd9.51' x 13.75'
MudroomMain5.68' x 9.51'
5th BrBsmt14.83' x 15.42'
New Tecumseth Market Statistics
New Tecumseth Price Trend
57 Ferris Lane is a 4-bedroom 3-bathroom home listed for sale at $1,159,999, which is $143,099 (14.1%) higher than the average sold price of $1,016,900 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in New Tecumseth declined by $210,028 (17.1%) compared to the previous 30 day period (December 22 - January 20) and down $127,725 (11.2%) from the same time one year ago.
Inventory Change
There were 28 4-bedroom homes listed in New Tecumseth over the last 30 days (January 21 - February 19), which is up 55.6% compared with the previous 30 day period (December 22 - January 20) and down 6.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in New Tecumseth typically sold ($4,786) (0.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $46,799 increase compared to the previous 30 day period (December 22 - January 20) and ($4,093) 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 (January 21 - February 19) stood at 53.6%, up from 38.9% over the previous 30 days (December 22 - January 20) and up from 53.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in New Tecumseth stood at 31 days when successfully sold over the last 30 days (January 21 - February 19), compared to 33 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Chay Realty
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