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October 9, 2018 Shuswap Real Estate Sales Update
Weekly Top Property - 1051 Sandstone Road, Revelstoke, V0E 2S0
This house has a 4,469 finished floor area, which was built in 1968. 3 bedrooms and baths on a 4.75 acre lot. Listed on the market for $1,595,000. It sold in 120 days, for $1,455,000.
Marketed as:
Very unique investment and/or development opportunity on 4.75 acres. Large home with one attached double garage and another separate detached double garage, seven storage/warehouse units with potential to add more units. Very strong income stream from storage and warehouse units. Private location at the end of Sandstone Rd. Creek runs through the property. Home has a basement in-law suite and a small detached guest house. Zoned M-3. The home has a large yard and sits above the storage and warehouse units for privacy.
Here is a look at the basic statistics for residential real estate sales:
| Status: Sold (37) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $39,900 | $32,000 | 7 | 1 | 1 | ||
| Max | $1,595,000 | $1,455,000 | 537 | 5 | 3 | 4469 | |
| Avg | $394,484 | $378,457 | 102 | 3 | 2 | 1543 | |
| Sum | $14,595,900 | $14,002,900 | |||||
Criteria:
MLS is 'OMREB'
Major Area is 'Shuswap / Revelstoke'
Sold Date is 10/1/2018 to 10/7/2018
Property Type is one of 'Single Family Residential', 'Strata', 'Manufactured Home', 'Lots and Acreages', 'Recreation'
Compared to last week
| Status: Sold (28) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $59,900 | $54,000 | 9 | 2 | 1 | ||
| Max | $1,275,000 | $1,105,000 | 1806 | 5 | 4 | 2560 | |
| Avg | $429,600 | $411,193 | 156 | 3 | 2 | 1682 | |
| Sum | $12,028,800 | $11,513,400 | |||||
| Breakdown of the Sales for the Week | |
| Lots & Acreages | 5 |
| Manufactured Homes | 6 |
| Recreational | 0 |
| Single Family Residential | 24 |
| Strata - Apartments | 2 |
| - Townhouses | 0 |