$309,900

For sale

#202 7 ERIE Avenue, Brantford - Single Family for Sale

#202 7 ERIE Avenue, Brantford, Ontario, N3S2E7

2 beds1 bath573 ft²$411/mo condo feeListed 31 days ago

Overview

This 2-bedroom, 1-bathroom condo in Brantford is for sale offering roughly 573 sq ft of space. Listed at $309,900, it is attractively priced about 28% below the $429,900 median asking price in Brantford. It has been on the market 31 days, fresher than the Brantford average of 64 days.

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Description

Investors and First Time Home Buyers! More space than you expect! This bright and functional 573 sq ft 1 bedroom condo plus a versatile den gives you the flexibility of a second room, perfect as a home office, or a guest space. Whether you're a first-time buyer or an investor looking for strong rental potential, this unit delivers. Featuring an open concept living and kitchen area, in-suite laundry, and a private balcony, this well-maintained unit sits in a newer building with quality finishes throughout. Building amenities include a gym and party room, everything you need! Centrally located with easy access to transit, shopping, and highways. Some photos are virtually staged. (id:66096)

Property Details

MLS®: 40867793
Property Type: Single Family
Zoning: F-C1
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Interior Size: 573 ft²
Storeys: 1
Style: Other
Basement: None
Heating: Forced air
Cooling: Central air conditioning
Garage: None
Condo Fee: $411/mo
Ownership: Condo/Strata
Property Tax: $2,647.88/yr
Listed: 31 days ago

Rooms

Main level

Kitchen: 9'0'' x 11'6''
Living room: 9'0'' x 10'4''
Den: 7'7'' x 9'0''
Bedroom: 9'0'' x 9'4''
4pc Bathroom

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Exterior: Stone, Stucco, Brick Veneer
Lot Features: Balcony, Country residential, No Pet Home

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

31d

Brantford listings, avg age

64d

Price / ft²

$541

List price

$310K

Homes here sell faster than most markets

Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 2-bed single family in Brantford has been listed for 31 days, which is 33 days fresher than the city average of 64. Act while there is still low competition.

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Listed by Re/Max Twin City Realty Inc. · Andrea Stanbridge

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3S)

This home lists at $309,900, about 4.5× the local median household income of $68,500.

Carrying it typically needs a household income of about $60,534 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $68,500
Population: 27,527
Median age: 39.2
Owner / renter: 61% / 39%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N3S)

$309,900· $541/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $15,495

Min 5%50%

Mortgage payment$1,632/mo

↳ CMHC premium ($11,776 capitalized)

Property tax (est.)$221/mo

Condo fee$411/mo

Total monthly$2,263

Cash Needed to Close

Down payment (5%)$15,495

Land transfer tax$3,124

Est. closing costs$3,430

Total cash needed$22,049

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