8 Red Oak Cres

FOR SALE
$1,469,000
8 Red Oak Cres, Oro-Medonte
8 Red Oak Cres
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4
BEDROOMS
4
BATHROOMS
1 + 1
KITCHENS
10 + 3
ROOMS
S9345475
MLSID
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Property Description
SHANTY BAY ESTATE HOME ON NEARLY 1 ACRE, IN-LAW POTENTIAL & OVERSIZED DOUBLE CAR GARAGE WITH A FINISHED LOFT! Welcome to this exquisite residence in the highly sought-after Arbourwood Estates in Shanty Bay. Nestled in a tranquil community, this home is within a short drive of a public school, park, and Lake Simcoe. Amenities in North Barrie, including the RVH, Johnson's Beach, shopping, and restaurants, are all conveniently located just a 10-minute drive away. Perfectly placed on a private, tree-lined lot spanning nearly one acre, this home boasts majestic curb appeal with its wrap-around covered front porch, brick exterior, lush landscaping, and a lawn irrigation system. Parking is never an issue, with an oversized double-car garage featuring tandem parking for three vehicles, complemented by a spacious driveway to accommodate up to 15 cars. A cozy finished loft above the garage provides an ideal space for guests, a home office, or a workout area. The immaculate interior offers over 4,400 square feet of well-maintained living space. The kitchen is a chef's delight with elegant pot lights, luxurious granite countertops, a second bar sink, and a built-in double-wall oven. The primary bedroom is a true retreat with a vaulted ceiling, a walk-in closet, and a lavish 5-piece ensuite boasting a soaker tub. Both second-floor bathrooms have heated floors. The finished lower level features a second kitchen, providing in-law potential or multi-generational living, while the recreation room showcases a pool table, air hockey table, gas fireplace, and a wet bar serving as the ideal centrepiece for gatherings. Step outside to your private backyard oasis featuring a spacious deck and a relaxing hot tub. Additional features include an owned water softener, an on-demand water heater, a generator, a central vac, and a security system. Take your chance to make this exquisite property your new #HomeToStay!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-08-21 2024-09-12 22 $1,489,900 - Terminated
2024-08-08 2024-08-21 13 $1,499,900 - Terminated
2024-07-15 2024-08-08 24 $1,499,900 - Terminated
2024-06-19 2024-07-16 27 $1,499,900 - Terminated
2024-05-30 2024-06-19 20 $1,589,900 - Terminated
Property Features
Beach, Cul De Sac, Other, School
Property Details
Community
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
161' x 257'
Acreage
.50-1.99
Fronting
North
Taxes
$6,448 (2024)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
15
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
KitchenMain12.60' x 12.83'
BreakfastMain12.01' x 12.07'
DiningMain17.91' x 11.42'
LivingMain28.41' x 13.85'
OfficeMain17.49' x 13.68'
SunroomMain12.01' x 8.07'
Prim Bdrm2nd15.91' x 18.01'5 Pc Ensuite
2nd Br2nd15.85' x 10.01'
3rd Br2nd12.60' x 9.91'
4th Br2nd12.50' x 10.01'
Loft3rd24.74' x 23.16'
KitchenBsmt9.09' x 11.91'
Oro-Medonte Market Statistics
Oro-Medonte Price Trend
8 Red Oak Cres is a 4-bedroom 4-bathroom home listed for sale at $1,469,000, which is $6,331,000 (81.2%) lower than the average sold price of $7,800,000 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 4 bedroom home in Oro-Medonte increased by $5,661,600 (264.8%) compared to the previous 30 day period (July 22 - August 20) and up $6,594,091 (546.8%) from the same time one year ago.
Inventory Change
There were 14 4-bedroom homes listed in Oro-Medonte over the last 30 days (August 21 - September 19), which is up 100.0% compared with the previous 30 day period (July 22 - August 20) and down 6.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Oro-Medonte typically sold ($700,000) (9.0%) below asking price over the last 30 days (August 21 - September 19), which represents a $511,601 decrease compared to the previous 30 day period (July 22 - August 20) and ($44,109) 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 Oro-Medonte over the last 30 days (August 21 - September 19) stood at 21.4%, down from 71.4% over the previous 30 days (July 22 - August 20) and down from 73.3% 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 Oro-Medonte stood at 64 days when successfully sold over the last 30 days (August 21 - September 19), compared to 51 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Peggy Hill Group Realty
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45 Stanley Ave, Oro-Medonte
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Enjoy the benefit of Lakeshore Promenade Living with Gorgeous views of Lake Simcoe & easy access to the water without high taxes of waterfront ownership!. Come & walk the lovely 1 km Promenade Trail, meet your neighbours & get a feel for the warmth of this community in Oro-Medonte. This property is perfect for enjoying all that Lake Simcoe has to offer-swimming, paddle boarding, fishing or just enjoying the view from the huge deck! With almost 2500sq ft of total finished living area + In-Law potential, this meticulously renovated & updated, open concept, walk out basement bungalow has 3 bedrooms & 3 baths to accommodate your family or guests. The main floor has been finished with Ash Hardwood Flooring in all areas except the ceramic tiled & heated front foyer & 3 bathrooms. This home will have you cooking up a storm in your well appointed kitchen w/huge Island, Granite Countertops, Maple Cabinets, SS appliances including Gas Stove (electric plug available). The dining area is brightened by a skylight & 12 ft sliders that provide breathtaking views to Lake Simcoe. The cozy living room again provides stunning views of the lake through a large Bay Window. The large Primary Bedroom will not disappoint with sliding doors to the rear deck and more lake views, His & Hers closets and a 3 piece ensuite bath w/heated floors. 2 more generous sized bedrooms and a 4 pce bath will accommodate more family or guests. The Basement has a huge multi functional rec room, a kitchenette, a 3 pce bath w/heated floors, a good size storage/utility room and a bonus- partially finished large room that could be used for so many purposes, currently is used for storage.With a walk out at grade level and several bright windows the basement offers many options for use. In 2011 the Exterior was updated w/Cape Cod Wood Siding & Stone. The yard has been beautifully landscaped with low maintenance flowering shrubs, Armour Stone retaining walls & stone steps. This rare opportunity is one you must see.
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