1368 Lorraine Rd
Port Colborne, L3K 5V3
FOR SALE
$799,000
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Property Description
Nestled along a quiet country road, this charming home and property has undergone extensive renovations throughout. This picture perfect 2 bedroom, 1 bath bungalow is set on a 100 x 161 foot lot bordered by picturesque farmland offering privacy without any rear neighbours. Upon entry, you'll notice how the main living area is filled with natural light and showcases luxury vinyl flooring and the warmth of a wood-burning fireplace. A seamless flow leads to the kitchen that's elevated with modern elegance and features quartz countertops, a stylish tiled backsplash, floating shelves and new appliances. Continuing through the hallway, you'll find two tastefully appointed bedrooms adorned with pendant lighting and expansive windows, with the primary bedroom offering direct access to the front porch perfect for your morning coffee. The 4-piece bathroom showcases exquisite tile work and a tub/shower combination, exuding sophistication and comfort. The home features a loft space, currently being used as a third bedroom but would make a great kids area or extra storage space. Step through the sliding patio doors and embrace outdoor living in the beautifully landscaped backyard. Discover the fully fenced backyard, featuring a charming 'Bunkie' meticulously finished and fully insulated, complete with an electric fireplace, offering endless possibilities as an extra guest room, office, or personalized retreat. Notable upgrades include metal roof (2021), plumbing, electrical, windows, central air, furnace, insulation and finish work that was completed in 2023. Parking for 6+ cars, including an attached single car garage, adds convenience to this remarkable property. Quick access to the Highway and amenities. Whether you're a young family seeking a peaceful retreat, a retired couple longing for countryside serenity or an investor eyeing an exceptional short-term rental opportunity, this property promises a wonderful lifestyle!
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Property Features
Beach
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Property Details
Street
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
100' x 161'
Fronting
West
Taxes
$2,802 (2023)
Basement
Crawl Space
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Other
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 16.01' x 21.33' | |
| Kitchen | Main | 13.75' x 21.33' | |
| Laundry | Main | 6.33' x 6.82' | |
| Prim Bdrm | Main | 11.32' x 12.60' | |
| Br | Main | 9.42' x 9.42' | |
| Loft | 2nd | 14.57' x 15.91' |
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Port Colborne Market Statistics
Port Colborne Price Trend
1368 Lorraine Rd is a 2-bedroom 1-bathroom home listed for sale at $799,000, which is $86,500 (12.1%) higher than the average sold price of $712,500 in the last 30 days (March 31 - April 29). During the last 30 days the average sold price for a 2 bedroom home in Port Colborne increased by $192,600 (37.0%) compared to the previous 30 day period (March 1 - March 30) and up $355,050 (99.3%) from the same time one year ago.Inventory Change
There were 2 2-bedroom homes listed in Port Colborne over the last 30 days (March 31 - April 29), which is down 50.0% compared with the previous 30 day period (March 1 - March 30) and down 60.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Port Colborne typically sold ($19,999) (2.8%) below asking price over the last 30 days (March 31 - April 29), which represents a $16,999 decrease compared to the previous 30 day period (March 1 - March 30) and ($22,450) 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 Port Colborne over the last 30 days (March 31 - April 29) stood at 200.0%, up from 75.0% over the previous 30 days (March 1 - March 30) and up from 40.0% 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 Port Colborne stood at 44 days when successfully sold over the last 30 days (March 31 - April 29), compared to 82 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Garden City Realty Inc.
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