$670,000

For sale

#208 115 Fairway Court, Blue Mountains - Single Family for Sale

#208 115 Fairway Court, Blue Mountains, Ontario, L9Y0P8

2 beds2 baths1 parking1,100 ft²$852/mo condo feeListed 79 days ago

Overview

This 2-bedroom, 2-bathroom condo in Blue Mountains is for sale offering roughly 1,100 sq ft of space. Its $670,000 asking price sits right in line with the $670,000 median in Blue Mountains. It has been on the market 79 days, fresher than the Blue Mountains average of 91 days.

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Description

STUNNING UPDATED, townhome with mountain and golf course views, just a short walk or a few minutes shuttle ride to Blue Mountain Village. This 2 bedroom home boasts many updates and offers incredible income potential! Extra features include a good size entry with built in bench/storage, large storage room for all your ski equipment, bikes etc, 9ft ceilings, a well equipped kitchen with granite counter tops, breakfast bar, large dining room which sits at least 6 comfortably, living room with cozy gas fireplace, expansive bar area with built in storage and bar fridge and a balcony overlooking Monterra Golf Course. You'll also find a guest bedroom, shared 4pc bathroom, stacked laundry and a spacious master suite with 3pc ensuite, x2 closets. The Rivergrass development is a fantastic location and offers many amenities including an outdoor seasonal pool, year round hot tub and most importantly a resort shuttle to Blue Mountain Village! Annual BMVA fee applies(.29cents per sq foot annually). Onetime Entry Fee of 0.5% of the purchase price plus hst applies. HST on purchase price may apply but can be deferred if you apply for an hst #. Currently has an STA license but Buyer to do their own due diligence in acquiring their own license from The Town of Blue Mountains. (id:66096)

Property Details

MLS®: X13685148
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
Fireplace: Yes
Condo Fee: $852/mo
Fee Includes: Cable TV
Ownership: Condo/Strata
Property Tax: $2,736/yr
Listed: 79 days ago

Features

Exterior: Hardboard
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

79d

Blue Mountains listings, avg age

91d

Price / ft²

$609

List price

$670K

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 has been listed for 79 days, which is 12 days fresher than the city average of 91. Act while there is still low competition.

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Listed by Engel & Volkers Toronto Central · ANDREA NEWTON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9Y)

This home lists at $670,000, about 7.9× the local median household income of $85,000.

Carrying it typically needs a household income of about $130,874 (20% down, 25-yr amortization, stress-tested) — roughly 54% 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)

$670,000· $609/ft²

For sale

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Full Cost Breakdown

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Down Payment6.27% · $42,000

Min 6.27%50%

Mortgage payment$3,482/mo

↳ CMHC premium ($25,120 capitalized)

Property tax (est.)$228/mo

Condo fee$852/mo

Total monthly$4,562

Cash Needed to Close

Down payment (6.27%)$42,000

Land transfer tax$9,875

Est. closing costs$4,510

Total cash needed$56,385

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