$399,000

For sale

#514 796468 19 Grey Road, Blue Mountains - Single Family for Sale

#514 796468 19 Grey Road, Blue Mountains, Ontario, L9Y0N6

2 beds2 baths1 parking750 ft²$807/mo condo feeListed 34 days ago

Overview

This 2-bedroom, 2-bathroom condo in Blue Mountains is for sale offering roughly 750 sq ft of space. Listed at $399,000, it is attractively priced about 40% below the $670,000 median asking price in Blue Mountains. It has been on the market 34 days, fresher than the Blue Mountains average of 92 days.

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Description

**NORTH CREEK RESORT - SHORT-TERM ACCOMMODATION PERMITTED**Ideally located at the base of Blue Mountain, this fully renovated studio loft offers exceptional ski-in/ski-out convenience just steps to the North Chair. The unit features a thoughtfully designed layout with an enclosed loft serving as the primary bedroom, plus another bed on the main level, comfortably accommodating up to six guests. The updated kitchen is finished with apartment-sized stainless steel appliances breakfast bar and subway backsplash. Two full baths. Offered turnkey, this unit includes all furnishings and décor for immediate use or rental income.Currently managed by Trillium Management, with financials available upon request. Buyer to pay a 0.5% Blue Mountain Village Association (BMVA) fee on closing.Enjoy four-season living with close proximity to Blue Mountain Village, or take advantage of the on-site shuttle service. Amenities include an outdoor pool, hot tub, tennis courts, and on-site dining. Condo fees include water and basic cable.An excellent opportunity for personal use or investment with strong rental potential. (id:66096)

Property Details

MLS®: X13853156
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Style: Loft
Basement: None
Heating: Electric, Other
Cooling: Wall unit
Garage: No Garage
Fireplace: Yes
Condo Fee: $807/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $1,194/yr
Listed

Features

Appliances: Refrigerator, Stove, Furniture, Window Coverings
Exterior: Wood
Lot Features: Balcony, Laundry- Coin operated

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Blue Mountains listings, avg age

92d

Price / ft²

$532

List price

$399K

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 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 RE/MAX HALLMARK YORK GROUP REALTY LTD. · ANDREW BOLTON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9Y)

This home lists at $399,000, about 4.7× the local median household income of $85,000.

Carrying it typically needs a household income of about $77,939 (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)

$399,000· $532/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,950

Min 5%50%

Mortgage payment$2,102/mo

↳ CMHC premium ($15,162 capitalized)

Property tax (est.)$100/mo

Condo fee$807/mo

Total monthly$3,008

Cash Needed to Close

Down payment (5%)$19,950

Land transfer tax$4,460

Est. closing costs$3,697

Total cash needed$28,107

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