$290,000

$300,000For salePrice drop↓ $10,000 (3%)

#306 796468 Grey Road 19, Blue Mountains - Single Family for Sale

#306 796468 Grey Road 19, Blue Mountains, Ontario, L9Y0N6

1 bed1 bath1 parking250 ft²$549/mo condo feeListed 34 days ago

Overview

This 1-bedroom, 1-bathroom condo in Blue Mountains is for sale offering roughly 250 sq ft of space. It has been on the market 34 days, fresher than the Blue Mountains average of 92 days.

Condos for Sale in Blue Mountains →All real estate in Blue Mountains →

Description

North Creek Resort at Blue ~ income plus enjoyment! Great studio unit centrally located, close to the ski gate to Blue Mountain ski hill, and the shared amenities. Currently short term accommodation (STA) licence approved and renting on Airbnb, buyer to apply and meet criteria with the Town of The Blue Mountains if you wish to continue renting the unit out. Fully furnished and equipped, with a queen bed, pull out couch, in total the unit sleeps 4. Options available for combination of personal use, nightly/weekend/extended rentals. Enjoy the community amenities such as the year round outdoor hot tub, summer heated swimming pool, tennis/pickleball courts, community BBQ, lounge in Gatehouse, overnight security, snow removal to right to the door, Rogers Ignite TV and unlimited Internet, all included in Condo Maintenance. Conveniently dine onsite at the Indian Restaurant, or you can walk or bike to the Village at Blue Mountain. Special assessment until 2027. North Creek Resort at Blue was previously known as Mountain Springs Resort. This is your chance to enjoy your weekend getaways & four season vacations, and supplement the costs with rental possibilities year round. (id:66096)

Property Details

MLS®: X13850168
Property Type: Single Family
Zoning: C4
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 250 ft²
Basement: None
Heating: Electric, Other
Cooling: Wall unit
Garage: No Garage, Shared
Fireplace: Yes
Pool: Yes
Condo Fee: $549/mo
Fee Includes: Common Area Maintenance, Cable TV, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax

Rooms

Main level

Kitchen: 2.3 x 3.69 meters
Living room: 3.75 x 3.79 meters
Bedroom: 4.4 x 2.33 meters
Bathroom: 1.54 x 2.33 meters

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

Features

Exterior: Wood
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Blue Mountains listings, avg age

92d

Price / ft²

$1,162

List price

$290K

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 1-bed single family in Blue Mountains has been listed for 34 days, which is 58 days fresher than the city average of 92. Act while there is still low competition.

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Listed by Chestnut Park Real Estate · MICHELLE KINGSBURY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9Y)

This home lists at $290,000, about 3.4× the local median household income of $85,000.

Carrying it typically needs a household income of about $56,647 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$290,000· $1,162/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,500

Min 5%50%

Mortgage payment$1,527/mo

↳ CMHC premium ($11,020 capitalized)

Property tax (est.)$72/mo

Condo fee$549/mo

Total monthly$2,149

Cash Needed to Close

Down payment (5%)$14,500

Land transfer tax$2,825

Est. closing costs$3,370

Total cash needed$20,695

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