116 Timber Lane

FOR SALE
$2,299,000
116 Timber Lane, Blue Mountains
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
116 Timber Lane
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4 + 1
BEDROOMS
4
BATHROOMS
1
KITCHENS
7 + 3
ROOMS
X11996773
MLSID
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Property Description
Welcome to this exquisitely designed bungaloft in the charming town of Thornbury, built in 2021 with luxury, comfort, and functionality in mind. Nestled on a beautifully sized lot, this home offers an elegant blend of modern design and timeless craftsmanship. Step inside and experience expansive windows that flood the space with natural light. The open-concept main living area is anchored by a stunning 60,000 BTU gas fireplace, perfect for cozy evenings. The chefs kitchen is a showstopper, featuring a Jennair black interior freezer and refrigerator tower, a 36" Fulgar Milano dual-fuel range with six burners, a Sub-Zero dual-zone wine cellar, and premium marble and quartzite countertops and backsplash. The main floor and loft boast " engineered hardwood flooring, while the lower-level walkout basement impresses with 9-foot ceilings and abundant natural light. Thoughtfully upgraded windows and doors, plenty of pot lights, and high-end finishes add to the home's refined aesthetic.Outdoor living is equally exceptional, with a sprawling deck off the main level, a spacious patio below, and a wood-burning firepit with four Muskoka chairs, creating the perfect setting for entertaining or unwinding under the stars.Situated in a sought-after community, just moments from Thornbury's shops, restaurants, and the sparkling shores of Georgian Bay, this home is a true gem that combines style, space, and modern conveniences in a prime location.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-07-02 2024-11-13 134 $2,359,000 - Terminated
2024-04-08 2024-07-02 85 $2,400,000 - Terminated
2024-02-05 2024-04-08 63 $2,529,999 - Terminated
2020-04-09 2020-05-12 33 $1,245,000 $1,040,000 Sold
2019-10-25 2020-04-17 175 $1,138,000 - Expired
Property Features
Golf, Library, Marina, Rec Centre, Skiing, Wooded/Treed
Property Details
Community
Property Type
Detached, Bungaloft
Approximate Sq.Ft.
2000-2500
Lot Size
98' x 222'
Fronting
North
Taxes
$6,707 (2024)
Basement
Finished, Full
Exterior
Stone, Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
Br2nd10.83' x 15.45'
2nd Br2nd13.94' x 17.78'
3rd BrMain12.34' x 14.63'
Prim BdrmMain15.85' x 14.17'
LivingMain15.85' x 17.16'
DiningMain15.85' x 10.17'
KitchenMain9.81' x 25.98'
FoyerMain8.20' x 8.60'
RecLower14.70' x 40.06'
OfficeLower7.32' x 14.07'
4th BrLower11.45' x 13.58'
Blue Mountains Market Statistics
Blue Mountains Price Trend
116 Timber Lane is a 4-bedroom 4-bathroom home listed for sale at $2,299,000, which is $853,375 (59.0%) higher than the average sold price of $1,445,625 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Blue Mountains increased by $345,625 (31.4%) compared to the previous 30 day period (December 22 - January 20) and down $94,952 (6.2%) from the same time one year ago.
Inventory Change
There were 14 4-bedroom homes listed in Blue Mountains over the last 30 days (January 21 - February 19), which is up 40.0% compared with the previous 30 day period (December 22 - January 20) and up 100.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Blue Mountains typically sold ($70,811) (4.9%) below asking price over the last 30 days (January 21 - February 19), which represents a $38,061 decrease compared to the previous 30 day period (December 22 - January 20) and ($111,022) 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 4-bedroom homes in Blue Mountains over the last 30 days (January 21 - February 19) stood at 114.3%, up from 40.0% over the previous 30 days (December 22 - January 20) and up from 71.4% 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 Blue Mountains stood at 52 days when successfully sold over the last 30 days (January 21 - February 19), compared to 121 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Signature Realty
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