505 Morrison Rd
Kitchener, N2A 0G5
FOR SALE
$3,799,900
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5 + 1
BEDROOMS8
BATHROOMS1
KITCHENS11 + 4
ROOMSX9376493
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Property Description
LUXURY LIVING IN THE GRAND MANORS OF SIMS ESTATES. Welcome to one of Kitchener-Waterloo's most exclusive communities: The Grand Manors of Sims Estates. This private enclave of executive homes offers luxurious living with the convenience of being steps from nature trails, shopping, top schools, and minutes from Waterloo, Guelph, & Chicopee Ski Park. This one-of-a-kind estate is the epitome of elegance, designed to provide an unmatched living & entertaining experience. Every inch of this home has been crafted with sophistication, boasting quality finishes & superior craftsmanship. Upon entering, you're greeted by the open-concept main floor, featuring 100+ year-old reclaimed wood floors & a gourmet chef's kitchen with a butler's pantry. The expansive living area showcases vaulted ceilings & grand windows that flood the space with natural light. The primary suite is a retreat of its own, complete with a double-sided fireplace, large walk-in closet, & a luxury ensuite. The indoor heated salt pool with a professional Dectron dehumidification system with automatic sensors, Swimsuit spinner, & retractable doors opens to the stunning outdoor entertainment space, providing seamless indoor-outdoor living. The second floor offers 3 spacious bedrooms, each with an ensuite and walk-in closet, plus an upper rec room equipped with a wet bar, retractable projector screen, & private ensuite. The luxury continues in the lower level, which features a custom bar with an eat-in area, a gym, an additional ensuite bedroom, & a private home theatre for the ultimate movie experience. This homes curb appeal is second to none. The outdoor space includes a large yard with mature trees offering privacy, along with stamped concrete and reclaimed wood ceilings. 2 garages including a double garage with 15-ft ceilings, a 4-post car lift, & ample storage space add to the convenience. No detail has been overlooked-truly a masterpiece in one of the areas most prestigious neighbourhoods.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-16 | 2024-09-27 | 134 | $3,950,000 | - | Terminated |
| 2023-10-07 | 2024-09-27 | 356 | $4,099,000 | - | Terminated |
| 2024-05-16 | 2024-09-19 | 127 | $3,950,000 | - | Suspended |
| 2024-05-16 | 2024-09-16 | 124 | $3,950,000 | - | Suspended |
| 2023-10-07 | 2024-04-30 | 207 | $4,099,000 | - | Suspended |
Property Features
Cul De Sac, Lake/Pond, Park, Place Of Worship, River/Stream, Skiing
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Property Details
Street
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Irregularities
CONDO/COMMON ELEMENT COMMUNITY
Fronting
East
Taxes
$25,737 (2024)
Basement
Finished
Exterior
Stone, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Indoor
Parking Spaces
6
Driveway
Private
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Prim Bdrm | Main | 17.75' x 16.34' | |
| Br | 2nd | 12.99' x 15.16' | |
| 2nd Br | 2nd | 19.26' x 16.57' | |
| 3rd Br | 2nd | 16.17' x 17.26' | |
| 4th Br | 2nd | 20.83' x 24.41' | |
| Family | Main | 29.59' x 23.75' | 2 Way Fireplace |
| Kitchen | Main | 22.01' x 23.10' |
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Kitchener Market Statistics
Kitchener Price Trend
505 Morrison Rd is a 5-bedroom 8-bathroom home listed for sale at $3,799,900, which is $2,909,900 (327.0%) higher than the average sold price of $890,000 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 5 bedroom home in Kitchener declined by $95,000 (9.6%) compared to the previous 30 day period (September 27 - October 26) and down $72,500 (7.5%) from the same time one year ago.Inventory Change
There were 8 5-bedroom homes listed in Kitchener over the last 30 days (October 27 - November 25), which is down 46.7% compared with the previous 30 day period (September 27 - October 26) and up 33.3% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Kitchener typically sold ($9,566) (1.1%) below asking price over the last 30 days (October 27 - November 25), which represents a $566 decrease compared to the previous 30 day period (September 27 - October 26) and ($39,500) 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 Kitchener over the last 30 days (October 27 - November 25) stood at 37.5%, down from 46.7% over the previous 30 days (September 27 - October 26) and down from 66.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 8-bathroom home in Kitchener stood at 28 days when successfully sold over the last 30 days (October 27 - November 25), compared to 117 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Twin City Faisal Susiwala Realty
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