506097 Highway 89
Rural Mulmur, Mulmur, L9V 0N6
FOR SALE
$1,750,000
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3 + 2
BEDROOMS3
BATHROOMS1
KITCHENS7 + 4
ROOMSX11952762
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Property Description
Prepare to fall in love! 33.5 acres including a 5 bedroom bungalow with a pool, your private pond & beach, and 2 cozy cabins creating a very successful nature retreat short-term rental business. Just a few minutes walking the trails around this property will have you head over heels. As you drive home down the winding driveway the sun peaks through the trees and welcomes you home. Convenient access off Highway 89, plus 2nd driveway off 2nd Line. The home itself is beautiful inside and out. The large back deck that leads you to the above ground pool is perfect for sunbathing, BBQs and entertaining. Inside, the open concept main floor has high ceilings, a beautiful wood feature wall with fireplace in the living room, dining room over looking the deck through huge windows, and a beautiful kitchen with unique backsplash, center island & stainless steel appliances. The spacious primary bedroom overlooks the pool through large windows and offers a great walk in closet and beautiful 4 pc bathroom. The main floor also offers 2 additional bedrooms, plus the 4th & 5th bedrooms in the basement. The basement is another great feature with a 2nd living space and above grade windows in almost every room. There is a second entrance that leads to the basement which provides lots of potential as well. There is a large yard beside the house perfect for soccer matches as a family, that is then surrounded by trees and trails leading you to the rest of this incredible gem of a property. Along the river and down the trails you will find a large pond that has been turned into your own private sandy beach. Next to the pond is a log cabin and down another trail is a newer 2nd bunkie. Both cabins offer guests a nature retreat experience and have been fully booked most of the year, providing approximately $60k revenue/year through the short-term rentals. Approx 10 acres of farmland offers even more income potential. This property truly has it all. I told you you'd fall in love!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-20 | 2025-02-03 | 136 | $1,775,000 | - | Terminated |
| 2024-09-20 | 2025-01-10 | 112 | $1,775,000 | - | Expired |
| 2024-07-17 | 2024-09-20 | 65 | $1,799,000 | - | Terminated |
| 2021-05-06 | 2021-05-10 | 4 | $1,100,000 | $1,365,812 | Sold |
Property Features
Lake/Pond, River/Stream, School Bus Route, Wooded/Treed
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
1,222' x 909'
Acreage
25-49.99
Fronting
North
Taxes
$6,805 (2025)
Basement
Finished, Sep Entrance
Exterior
Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Well
Pool
Abv Grnd
Parking Spaces
10
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 10.47' x 12.37' | Centre Island, Double Sink, Open Concept |
| Living | Main | 23.00' x 11.12' | Fireplace, Large Window, Open Concept |
| Dining | Main | 17.32' x 8.79' | W/O To Deck, Large Window, Open Concept |
| Prim Bdrm | Main | 13.75' x 15.03' | 4 Pc Ensuite, W/I Closet, O/Looks Pool |
| 2nd Br | Main | 8.89' x 11.91' | Closet, Window, O/Looks Frontyard |
| 3rd Br | Main | 11.29' x 6.43' | Window, O/Looks Backyard |
| Rec | Bsmt | 29.07' x 12.70' | Above Grade Window, Broadloom |
| Den | Bsmt | 19.65' x 11.06' | Vinyl Floor |
| 4th Br | Bsmt | 10.66' x 16.01' | Above Grade Window, Double Closet |
| 5th Br | Bsmt | 11.58' x 10.73' | Above Grade Window, Double Closet |
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Mulmur Market Statistics
Mulmur Price Trend
506097 Highway 89 is a 3-bedroom 3-bathroom home listed for sale at $1,750,000, which is $620,410 (54.9%) higher than the average sold price of $1,129,590 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Mulmur declined by $185,410 (14.1%) compared to the previous 30 day period (December 22 - January 20) and up $479,590 (73.8%) from the same time one year ago.Inventory Change
There were 4 3-bedroom homes listed in Mulmur over the last 30 days (January 21 - February 19), which is up 33.3% compared with the previous 30 day period (December 22 - January 20) and up 33.3% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Mulmur typically sold ($69,860) (6.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $15,410 decrease compared to the previous 30 day period (December 22 - January 20) and ($25,000) 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 3-bedroom homes in Mulmur over the last 30 days (January 21 - February 19) stood at 100.0%, up from 66.7% over the previous 30 days (December 22 - January 20) and up from 33.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Mulmur stood at 82 days when successfully sold over the last 30 days (January 21 - February 19), compared to 92 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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