$375,000

$399,900For salePrice drop↓ $24,900 (6%)

53 3rd Street South, Arran-Elderslie - Single Family for Sale

53 3rd Street South, Arran-Elderslie, Ontario, N0G1L0

3 beds2 baths2 parking1,300 ft²47 × 86 ft (4,047 sq ft) lot sizeListed 55 days ago

Overview

This 3-bedroom, 2-bathroom home in Arran-Elderslie is for sale offering roughly 1,300 sq ft of space. Listed at $375,000, it is attractively priced about 25% below the $499,000 median asking price in Arran-Elderslie. It has been on the market 55 days, fresher than the Arran-Elderslie average of 94 days.

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Description

Welcome to this charming 3-bedroom, 2-full-bath home ideally situated on a corner lot in a quiet Chesley neighbourhood. Lovingly maintained by the same family for over 40 years, this home offers a great combination of comfort, convenience and value, as this home is an excellent opportunity for first-time buyers looking to enter the market. The kitchen and bathrooms have been modernized, while the steel roof provides added peace of mind. With parking for two cars and a location within a short walk of downtown, the school and community centre, everyday amenities and community activities are right at your doorstep. Whether you're starting out or looking for an affordable move-in-ready home, this property is well worth a look! (id:66096)

Property Details

MLS®: X13767306
Property Type: Single Family
Zoning: R2
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 47 × 86 ft (4,047 sq ft)
Frontage: 47 ft
Storeys: 1
Basement: Unfinished, N/A
Heating: Forced air, Propane
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $2,000/yr
Listed

Rooms

Main level

Kitchen: 4.37 x 4.85 meters
Laundry room: 1.74 x 1.74 meters
Bathroom: 3.45 x 2 meters
Living room: 7.95 x 5.19 meters

Second level

Primary Bedroom: 4.39 x 4.85 meters
Bedroom 2: 4.4 x 2.9 meters
Bedroom 3: 2.68 x 2.9 meters
Bathroom: 2.87 x 2.26 meters
Other: 4.89 x 2.26 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Foundation: Stone
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Arran-Elderslie listings, avg age

94d

Price / ft²

$288

List price

$375K

Haho

This 3-bed single family in Arran-Elderslie has been listed for 55 days, which is 39 days fresher than the city average of 94. Act while there is still low competition.

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Listed by RE/MAX Grey Bruce Realty Inc. · JENNIFER TEDFORD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0G)

This home lists at $375,000, about 4.5× the local median household income of $83,000.

Carrying it typically needs a household income of about $73,251 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $83,000
Population: 86,935
Median age: 40.8
Owner / renter: 80% / 20%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0G)

$375,000· $288/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,750

Min 5%50%

Mortgage payment$1,975/mo

↳ CMHC premium ($14,250 capitalized)

Property tax (est.)$167/mo

Total monthly$2,142

Cash Needed to Close

Down payment (5%)$18,750

Land transfer tax$4,100

Est. closing costs$3,625

Total cash needed$26,475

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