$649,900

For sale

#122 125 Fairway Court, Blue Mountains - Single Family for Sale

#122 125 Fairway Court, Blue Mountains, Ontario, L9Y0P8

2 beds2 baths1 parking1,100 ft²$917/mo condo feeListed 141 days ago

Overview

This 2-bedroom, 2-bathroom condo in Blue Mountains is for sale offering roughly 1,100 sq ft of space. Its $649,900 asking price sits right in line with the $670,000 median in Blue Mountains.

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Description

TWO BEDROOM / TWO BATHROOM FULLY FURNISHED RIVERGRASS TOWNHOME - Your search is over. Whether you're a real estate investor looking for an income generating property or just looking for a great weekend home for your family, discover the beauty and convenience of this Rivergrass townhome located on the 18th fairway of the award winning Monterra Golf Course. Rivergrass is just steps away from Blue Mountain Village, Ontario's most popular four-season resort. This coveted main floor corner unit is also conveniently situated close to the Rivergrass hot-tub and seasonal outdoor swimming pool. The open concept living room / dining room / kitchen features a gas fireplace and walk-out to the private patio, perfect for BBQing. The primary bedroom includes a 3-piece ensuite, and the second is a spacious bedroom offering two closets. Additional exterior storage just outside the front door. No need to walk in ski boots carrying your skis or snowboard to the ski lifts as Rivergrass has shuttle service to and from Blue Mountain Village for owners. For those not wanting a rental property HST IS INCLUDED IN THE PURCHASE PRICE. The current owner of 15 years, has never rented out the property. For the investor, Rivergrass is zoned for short term rentals such as AIRBNB, VRBO or other rental programs such as Vacasa or Property Valet. Owners can also hybrid the townhome by renting it out while not using it and blocking it off for personal usage, the best of both worlds. (1% Blue Mountain Village Association entry fee applies. Buyers are to do their own due diligence regarding a Short Term Accommodation license). (id:66096)

Property Details

MLS®: X13452322
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage, Shared
Fireplace: Yes
Condo Fee: $917/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,836/yr
Listed: 141 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Oven, Dryer, Microwave, Furniture, Window Coverings
Exterior: Wood

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

141d

Blue Mountains listings, avg age

92d

Price / ft²

$591

List price

$650K

Homes here sell slower than most markets

Sold homes in this market spent an average of 67 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Blue Mountains is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Engel & Volkers Toronto Central · GERRY WAYLAND

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9Y)

This home lists at $649,900, about 7.6× the local median household income of $85,000.

Carrying it typically needs a household income of about $126,948 (20% down, 25-yr amortization, stress-tested) — roughly 49% above the area median.

Median household income: $85,000
Population: 28,925
Median age: 52
Owner / renter: 75% / 25%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA L9Y)

$649,900· $591/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,990

Min 6.15%50%

Mortgage payment$3,381/mo

↳ CMHC premium ($24,396 capitalized)

Property tax (est.)$236/mo

Condo fee$917/mo

Total monthly$4,535

Cash Needed to Close

Down payment (6.15%)$39,990

Land transfer tax$9,473

Est. closing costs$4,450

Total cash needed$53,913

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