5900 Main St
Orono, Clarington, L0B 1M0
FOR SALE
$14,888,000
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5
BEDROOMS4
BATHROOMS1
KITCHENS15
ROOMSE8178306
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Property Description
Welcome to a rare opportunity in the heart of Orono, where prime developmental land awaits your vision. Nestled minutes away from Highways 115 and 407, this expansive parcel spans over 29 acres of potential. Boasting a strategic location and desirable features, this property presents a rare chance for developers and investors to make their mark. At the heart of this offering lies approximately 12 acres within the urban boundary, 8 Acres Currently Zoned R-1 fronting on Main St and can be serviced by municipal water installed in 2018. The sandy soil composition of the land is ideal for septic systems, ensuring ease of development. The flat lay of the land provides a versatile foundation for realizing your vision. Attached is a draft for the potential severance of 11 acres, further expanding the canvas for your development ambitions. Don't miss out on this rare chance to secure a piece of Orono's future.
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
287' x 409'
Acreage
25-49.99
Fronting
West
Taxes
$7,021 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Well
Pool
Inground
Parking Spaces
6
Driveway
Private
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 20.67' x 25.20' |
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Clarington Market Statistics
Clarington Price Trend
5900 Main St is a 5-bedroom 4-bathroom home listed for sale at $14,888,000, which is $13,467,167 (947.8%) higher than the average sold price of $1,420,833 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 5 bedroom home in Clarington increased by $171,500 (13.7%) compared to the previous 30 day period (February 26 - March 26) and up $168,333 (13.4%) from the same time one year ago.Inventory Change
There were 6 5-bedroom homes listed in Clarington over the last 30 days (March 27 - April 25), which is up 20.0% compared with the previous 30 day period (February 26 - March 26) and up 500.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Clarington typically sold $37,900 (2.7%) above asking price over the last 30 days (March 27 - April 25), which represents a $65,433 decrease compared to the previous 30 day period (February 26 - March 26) and ($47,499) 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 5-bedroom homes in Clarington over the last 30 days (March 27 - April 25) stood at 50.0%, down from 60.0% over the previous 30 days (February 26 - March 26) and down from 200.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Clarington stood at 21 days when successfully sold over the last 30 days (March 27 - April 25), compared to 41 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Impact Realty
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