8 Cherry Lane

FOR SALE
$949,999
8 Cherry Lane, New Tecumseth
8 Cherry Lane
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4
BEDROOMS
3
BATHROOMS
1
KITCHENS
8
ROOMS
N9245536
MLSID
Contact Us
Property Description
Welcome to your dream home in the heart of the coveted Treetops Community! Stunning 4-bedroom, 3- bathroom detached residence with all-brick exterior and fully fenced yard. Sought after semi-open concept layout with separate formal dining room. Four spacious bedrooms and walk-out basement where endless possibilities await. With a 3-piece rough-in already in place, you have the freedom to customize and expand to suit your lifestyle. Located just steps away from Treetops Park and Splash Pad, as well as a proposed elementary school, this family-friendly community offers convenience and recreation at your doorstep. Hardwood flooring throughout, so maintenance is a breeze. Don't miss out on the opportunity to make this your forever home.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-07-08 2024-08-08 31 $799,999 - Terminated
2024-05-21 2024-07-07 47 $979,900 - Terminated
2021-04-02 2021-04-24 22 $799,000 $845,000 Sold
2021-03-18 2021-04-02 15 $899,000 - Terminated
Nearby Intersections
Property Details
Property Type
Detached, 2-Storey
Lot Size
32' x 110'
Fronting
West
Taxes
$4,170 (2023)
Basement
Full, W/O
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Built-In
Room Summary
RoomLevelSizeFeatures
FamilyMain14.99' x 11.98'Hardwood Floor, Window
KitchenMain8.83' x 11.42'Ceramic Floor, Open Concept
BreakfastMain9.97' x 11.42'Ceramic Floor, W/O To Deck, Window
LivingMain13.98' x 12.60'Hardwood Floor, Window
Prim Bdrm2nd15.98' x 11.38'Hardwood Floor, 4 Pc Ensuite
2nd Br2nd11.48' x 9.48'Hardwood Floor, Window
3rd Br2nd12.99' x 9.48'Hardwood Floor, Window
4th Br2nd9.32' x 10.30'Hardwood Floor, Window
New Tecumseth Market Statistics
New Tecumseth Price Trend
8 Cherry Lane is a 4-bedroom 3-bathroom home listed for sale at $949,999, which is $74,751 (7.3%) lower than the average sold price of $1,024,750 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 4 bedroom home in New Tecumseth declined by $135,283 (11.7%) compared to the previous 30 day period (July 22 - August 20) and down $7,403 (0.7%) from the same time one year ago.
Inventory Change
There were 37 4-bedroom homes listed in New Tecumseth over the last 30 days (August 21 - September 19), which is up 5.7% compared with the previous 30 day period (July 22 - August 20) and up 19.4% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in New Tecumseth typically sold ($27,428) (2.7%) below asking price over the last 30 days (August 21 - September 19), which represents a $4,662 decrease compared to the previous 30 day period (July 22 - August 20) and ($30,592) 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 4-bedroom homes in New Tecumseth over the last 30 days (August 21 - September 19) stood at 75.7%, up from 42.9% over the previous 30 days (July 22 - August 20) and up from 41.9% 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 32 days when successfully sold over the last 30 days (August 21 - September 19), compared to 72 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife Galaxy Real Estate Ltd.
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