1071 Balsam Grove Rd
Rural Fenelon, Kawartha Lakes, K0M 1G0
FOR SALE
$799,900
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BEDROOMS2
BATHROOMS2
KITCHENS4
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Property Description
Indulge in the tranquility and income potential of this 2-storey lakeside cottage on Balsam Lake! Tucked away near Rodeo Dr. in Kawartha Lakes, this cottage merges rustic allure with contemporary comfort, presenting an inviting haven for both leisure and investment endeavors. Revel in breathtaking waterfront panoramas and deeded access to the lake for leisurely swims, boating adventures, and fishing. Fully renovated, it showcases updated kitchens, bathrooms, flooring, and more. Opportunities for revenue generation flourish through Airbnb rentals or extended leasing arrangements. Proudly presenting a versatile design featuring two bedrooms on the upper level, alongside a newly renovated main level loft/studio equipped with its own entrance, kitchen, and bathroom. This space offers endless possibilities, whether as an additional bedroom, a cozy family room, or an area limited only by your creativity. With an outdoor haven feat. an upper patio and fire pit, this retreat epitomizes the perfect blend of relaxation and recreation. Strategically positioned just 10 min. from Fenelon Falls, it offers easy access to conveniences while preserving a serene ambiance. Visit nearby attractions and scenic trails, or simply enjoy the beauty of lakeside living.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2015-02-03 | 2015-05-06 | 92 | $249,900 | - | Terminated |
| 2014-10-29 | 2015-02-03 | 97 | $269,900 | - | Terminated |
| 2022-03-15 | 2022-03-21 | 6 | $550,000 | $588,800 | Sold |
| 2020-08-13 | 2020-09-16 | 34 | $339,900 | $322,500 | Sold |
Extras
Designed for leisure and entertainment, this home is hot tub-ready for unwinding in a tranquil atmosphere. A sought-after Airbnb retreat, this cottage offers a rare chance to own Ontario paradise. Check @Balsamsfinest on Instagram.
Property Features
Lake Access
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Property Details
Street
Community
City
Property Type
Cottage, 2-Storey
Lot Size
77' x 193'
Lot Irregularities
77.17' X 193.22
Fronting
West
Taxes
$440 (2023)
Basement
None
Exterior
Stone, Vinyl Siding
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
Central Air
Water
Well
Parking Spaces
4
Driveway
Mutual
Garage Type
Carport
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 9.97' x 9.78' | |
| 3rd Br | Main | 12.76' x 22.80' | Combined W/Kitchen, Combined W/Living, 3 Pc Ensuite |
| Bathroom | Main | 6.17' x 11.19' | 3 Pc Bath |
| Br | Upper | 9.15' x 11.75' | |
| 2nd Br | Upper | 6.66' x 14.53' | |
| Family | Upper | 14.07' x 20.01' | |
| Kitchen | Upper | 13.58' x 13.75' | |
| Bathroom | Upper | 4.89' x 8.17' | 3 Pc Bath |
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Kawartha Lakes Market Statistics
Kawartha Lakes Price Trend
1071 Balsam Grove Rd is a 2-bedroom 2-bathroom home listed for sale at $799,900, which is $238,251 (42.4%) higher than the average sold price of $561,649 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 2 bedroom home in Kawartha Lakes declined by $57,116 (9.2%) compared to the previous 30 day period (February 29 - March 29) and down $61,967 (9.9%) from the same time one year ago.Inventory Change
There were 68 2-bedroom homes listed in Kawartha Lakes over the last 30 days (March 30 - April 28), which is down 0.0% compared with the previous 30 day period (February 29 - March 29) and up 38.8% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Kawartha Lakes typically sold ($12,939) (2.3%) below asking price over the last 30 days (March 30 - April 28), which represents a $4,479 increase compared to the previous 30 day period (February 29 - March 29) and ($17,821) 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 2-bedroom homes in Kawartha Lakes over the last 30 days (March 30 - April 28) stood at 58.8%, up from 47.1% over the previous 30 days (February 29 - March 29) and down from 69.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Kawartha Lakes stood at 25 days when successfully sold over the last 30 days (March 30 - April 28), compared to 58 days before being removed from the market upon being suspended or terminated.Listing contracted with Pinnacle One Real Estate Inc.
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