357 Southam Dr
Rural Somerville, Kawartha Lakes, K0M 1N0
FOR SALE
$625,000
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Property Description
Discover the allure of Burnt River Waterfront in Riverview Estates. This four season home, situated just 10 kilometers from Fenelon Falls, accessible by both boat and car. A mere 12 kilometers drive takes you to the charming town of Coboconk. Immerse yourself in the beauty of the surrounding lakes, including Cameron Lake, Sturgeon Lake, and Balsam Lake. Nature enthusiasts will appreciate the proximity to Balsam Lake Provincial Park, a mere 20 kilometers away. Nestled along the Trent-Severn Waterway, Burnt River offers a picturesque setting for your family's summer retreat. Revel in southeast views while engaging in activities such as kayaking, swimming, fishing, boating and snowmobiling. Experience the tranquility of a quiet rural community with a close-knit neighbourhood. The level-matured treed lot offer a blend of sun and shade, with a delightful sitting area at the river's edge. Improvements incl. Updated Septic, Metal Roof, Gutter Guards & River front dock/sitting area.
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Extras
Additional features include a double garage, two sheds, and an older bunkie, all awaiting your ownership.
Property Features
Cul De Sac, Lake Access, River/Stream, Waterfront
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
120' x 150'
Acreage
< .50
Fronting
South
Taxes
$2,274 (2023)
Basement
None
Exterior
Wood
Heat Type
Other
Heat Source
Propane
Air Conditioning
None
Water
Other
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Den | Main | 9.71' x 15.32' | Overlook Water, W/O To Water |
| Kitchen | Main | 11.15' x 11.81' | Breakfast Bar, Stainless Steel Appl |
| Living | Main | 11.65' x 21.13' | Combined W/Dining, Gas Fireplace, Open Concept |
| Sunroom | Main | 7.78' x 21.13' | Overlook Water |
| Prim Bdrm | Main | 9.38' x 16.27' | Closet, Combined W/Laundry |
| Br | Main | 8.04' x 10.01' |
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Kawartha Lakes Market Statistics
Kawartha Lakes Price Trend
357 Southam Dr is a 2-bedroom 1-bathroom home listed for sale at $625,000, which is $72,854 (13.2%) higher than the average sold price of $552,146 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 2 bedroom home in Kawartha Lakes declined by $78,900 (12.5%) compared to the previous 30 day period (February 26 - March 26) and down $128,896 (18.9%) from the same time one year ago.Inventory Change
There were 75 2-bedroom homes listed in Kawartha Lakes over the last 30 days (March 27 - April 25), which is up 17.2% compared with the previous 30 day period (February 26 - March 26) and up 70.5% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Kawartha Lakes typically sold ($14,107) (2.6%) below asking price over the last 30 days (March 27 - April 25), which represents a $321 increase compared to the previous 30 day period (February 26 - March 26) and ($13,469) 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 2-bedroom homes in Kawartha Lakes over the last 30 days (March 27 - April 25) stood at 54.7%, up from 50.0% over the previous 30 days (February 26 - March 26) and down from 77.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Kawartha Lakes stood at 23 days when successfully sold over the last 30 days (March 27 - April 25), compared to 57 days before being removed from the market upon being suspended or terminated.Listing contracted with Mincom New Choice Realty Ltd.
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