$1,389,000
15 ELLIS Road
Sherwood, Prince Edward Island
EXIT Realty PEI
MLS® 202614483
detached in Sherwood
Browse 7 active listings
Market Analysis
The competitive market in Sherwood, PE, attracts a diverse range of buyers, including young families, professionals, and retirees. Many families seek out properties in this area due to its proximity to excellent schools, such as Sherwood Elementary and Colonel Gray High School, which are highly regarded. Young professionals appreciate the community's accessibility to Charlottetown's downtown, providing a blend of suburban tranquility and urban conveniences. Retirees are also drawn to Sherwood for its peaceful environment, community amenities, and access to healthcare, with the Queen Elizabeth Hospital just a short drive away. The lifestyle in Sherwood is family-oriented, with a strong sense of community. Residents enjoy outdoor activities, thanks to nearby parks like the Sherwood Park and the recently revamped Greenfield Park. The recreational facilities, including playgrounds and sports fields, cater to active families looking to engage in leisurely pursuits together, making Sherwood a desirable place for those prioritizing quality of life and community connections.
Price Insights
In Sherwood, buyers can expect to find a range of detached homes that reflect the neighborhood's charm and character. With a median price of $537,000 and an average price of $541,100, properties within this price range can vary significantly in size and features. For example, a $400,000 home might offer a modest three-bedroom bungalow on a quiet street like Oak Street, while a $900,000 property could boast a spacious four-bedroom custom-built home on a lush lot along the scenic Hillsborough River. The diverse price points mean buyers can find something that fits their budget and lifestyle needs. Homes in Sherwood often come with generous yards, ample parking, and modern amenities. Additionally, homes priced around the median can feature finished basements, updated kitchens, and energy-efficient appliances, providing excellent value for money in this competitive market.
Available Properties
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About This Property Type
In Sherwood, detached homes are characterized by their distinct individuality, offering a variety of architectural styles that range from classic Cape Cods to modern ranch-style bungalows. Many detached properties feature private yards, perfect for families to enjoy outdoor play or gardening, while also providing space for entertaining. Homes on streets like Sutherland Drive and Mayfield Road often come with larger lots, making them particularly appealing for those seeking more outdoor space. Detached homes in this area typically include three to five bedrooms, catering to families of varying sizes. Features like hardwood flooring, finished basements, and updated kitchens are common, ensuring a comfortable living experience. Moreover, many homes are located near convenient amenities, allowing residents easy access to grocery stores, parks, and schools, enhancing the overall living experience in Sherwood.
Location Highlights
Sherwood stands out not just for its beautiful homes but also for its strategic location near Charlottetown. The area is well-connected via public transit, making commutes to the city seamless. Key landmarks such as the Charlottetown Mall, located nearby, provide residents with shopping, dining, and entertainment options, making everyday life more convenient. Additionally, the Confederation Trail, which runs through the area, offers residents a scenic path for walking, cycling, and enjoying the natural beauty of Prince Edward Island. The community is also home to several local parks, such as the Sherwood Heights Park and Greenfield Park, enhancing quality of life with their recreational facilities. With a selection of restaurants and cafes in the vicinity, Sherwood is not just a place to live but a thriving community that caters to various lifestyles, from active families to those seeking a peaceful environment.
Investment Advice
Investing in a detached home in Sherwood is a prudent choice given the area's competitive market and limited supply. With a growing demand for family-friendly neighborhoods and proximity to Charlottetown, property values are expected to remain stable or even appreciate over time. The current average price of $541,100 places Sherwood homes at a reasonable value considering the amenities and lifestyle they offer. Additionally, the desirability of Sherwood, with its excellent schools, parks, and community feel, makes it an attractive option for future buyers or renters. As the market continues to thrive, purchasing real estate in this area not only provides a place to call home but can also be seen as a sound investment opportunity, especially for families planning to settle long-term or investors looking to tap into the rental market.
Buying Tips
For those considering purchasing a detached home in Sherwood, it’s crucial to act swiftly due to the competitive nature of the market. Begin by getting pre-approved for a mortgage to strengthen your position when making an offer. Familiarizing yourself with local real estate trends can provide insight into the best times to buy and potential negotiating strategies. Working with a knowledgeable local realtor who understands the nuances of the Sherwood market can be invaluable. Additionally, take the time to visit various neighborhoods within Sherwood. Streets like Campbell Crescent and North River Road offer unique atmospheres and amenities that may appeal to different lifestyles. Finally, prioritize your must-haves—whether it's proximity to schools, park access, or a specific home layout—so you can make informed decisions during your home search.
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Frequently Asked Questions About Sherwood
How many detached homes are for sale in Sherwood?
There are currently 7 detached homes listed for sale in Sherwood on this site. Listings are updated multiple times per day from CREA's DDF®.
How often are detached listings updated in Sherwood?
Listings on this page are updated multiple times per day directly from CREA's DDF® (Data Distribution Facility). New listings typically appear within minutes of being added to the MLS® system.