$415,000

For sale

#477 220 Gord Canning Drive, Blue Mountains - Single Family for Sale

#477 220 Gord Canning Drive, Blue Mountains, Ontario, L9Y0K9

1 bed1 bath1 parking550 ft²$1,042/mo condo feeListed 126 days ago

Overview

This 1-bedroom, 1-bathroom condo in Blue Mountains is for sale offering roughly 550 sq ft of space. Listed at $415,000, it is attractively priced about 38% below the $670,000 median asking price in Blue Mountains.

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Description

This oversized one-bedroom quiet corner suite has a beautifully renovated $17,000 bathroom, embrace luxury slope side at The Westin Trillium House, Blue Mountain. Enjoy panoramic partial mountain views from this spacious top floor corner suite with bright afternoon natural sunshine. This is the quiet side of the Westin away from the rowdiness of the noisy village. The perfect combination of comfort and investment potential. Fully furnished, sleeps 4 with a queen bed and pull-out sofa, owners lockout closet, cozy gas fireplace, kitchenette complete with stove top burners, bar fridge, dishwasher and everything needed to prepare light meals and snacks. Owner ski lockers are conveniently located steps away from the Silver Bullet chair lift, Ski-in and ski-out convenience. This is the only pet-friendly resort. Owners also enjoy access to a private beach on Georgian Bay, just 15 minutes away with shuttle service availability. Room service is available from Oliver & Bonacini Cafe/Grill directly to your suite. Owners and guests enjoy access to all the Westin resort amenities including fitness centre, year-round heated outdoor pool and two hot tubs, concierge service, underground parking/valet option, late checkout privileges and the spectacular lobby bar/lounge. After a day skiing, golfing, hiking or activities unwind in the award winning Westin Heavenly bed for ultimate comfort. Currently enrolled in the fully turn-key Blue Mountain Rental Program, this suite offers the owner the opportunity for personal use (6 nights per month + 48 flex nights per year)while generating revenue to offset expenses (Profits + $9,500 annually after all operating expenses) Revenues are distributed monthly to owners. Condo fees include all utilities. A one time 2% Blue Mountain Village Association entry fee applies on the purchase price. Blue Mountain Village Association yearly fee is $1.08 per sq. ft. HST is in addition to the purchase price, but can be deferred with an HST number. (id:66096)

Property Details

MLS®: X13509198
Property Type: Single Family
Zoning: C3
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground, Shared
Fireplace: Yes
Condo Fee: $1,042/mo
Fee Includes: Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,089.4/yr

Rooms

Main level

Bedroom: 3.05 x 2.74 meters
Living room: 5.79 x 3.66 meters
Bathroom: 11 x 11 meters

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

Features

Appliances: Furniture, Window Coverings
Exterior: Hardboard
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

126d

Blue Mountains listings, avg age

92d

Price / ft²

$755

List price

$415K

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 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 · DEB PEARCE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9Y)

This home lists at $415,000, about 4.9× the local median household income of $85,000.

Carrying it typically needs a household income of about $81,064 (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)

$415,000· $755/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,750

Min 5%50%

Mortgage payment$2,186/mo

↳ CMHC premium ($15,770 capitalized)

Property tax (est.)$174/mo

Condo fee$1,042/mo

Total monthly$3,402

Cash Needed to Close

Down payment (5%)$20,750

Land transfer tax$4,775

Est. closing costs$3,745

Total cash needed$29,270

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice