$499,000

For sale

156 Ontario Street, Burk's Falls - Single Family for Sale

156 Ontario Street, Burk's Falls, Ontario, P0A1C0

1 bed2 baths4 parking1,750 ft²66 × 132 ft (8,705 sq ft) lot sizeListed 22 days ago

Overview

This 1-bedroom, 2-bathroom home in Burk's Falls is for sale offering roughly 1,750 sq ft of space. Its $499,000 asking price sits right in line with the $499,900 median in Burk's Falls. It has been on the market 22 days, fresher than the Burk's Falls average of 57 days.

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Description

A great opportunity in the heart of Burks Falls. Located directly on the main street, this inviting store with living quarters above offers high visibility welcoming both foot and vehicle traffic with ample parking. The 800 sq.ft., one bedroom apartment above the store offers a private living space complete with a beautiful stone fire place, an office, a 3pc bathroom as well as a bright, open kitchen with a walk out to a deck overlooking the gardens. Explore this enchanting outdoor space at ground level or admire it from the raised deck or elevated walkway on your way to the spacious studio, located on the upper level of the barn. The ground level of the barn features a workshop and storage area. Just a over a 20 minute drive from the town of Huntsville, this property also features natural gas heat, central air conditioning and generator backup. (id:66096)

Property Details

MLS®: X14081782
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 1,750 ft²
Lot Size: 66 × 132 ft (8,705 sq ft)
Frontage: 65 ft
Storeys: 1
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $3,079/yr
Listed

Rooms

Second level

Bedroom: 3.7 x 3.3 meters
Bathroom: 2.3 x 2.3 meters
Living room: 5.7 x 3.7 meters
Kitchen: 5.7 x 3.5 meters
Laundry room: 1.7 x 1.2 meters
Office: 3 x 2.7 meters

Main level

Other: 7.7 x 5.7 meters
Other: 7.7 x 5.7 meters
Other: 5.8 x 2.3 meters
Bathroom: 1.6 x 1 meters

Features

Appliances: Refrigerator, Stove
Foundation: Stone, Block
Exterior: Wood

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Burk's Falls listings, avg age

57d

Price / ft²

$285

List price

$499K

Homes here sell slower than most markets

Sold homes in this market spent an average of 74 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 94.3 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 Burk's Falls has been listed for 22 days, which is 35 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX Parry Sound Muskoka Realty Ltd · JOHN FINCHAM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0A)

This home lists at $499,000, about 7.3× the local median household income of $68,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 43% above the area median.

Median household income: $68,000
Population: 17,822
Median age: 56.8
Owner / renter: 87% / 13%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P0A)

$499,000· $285/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$257/mo

Total monthly$2,885

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$6,455

Est. closing costs$3,997

Total cash needed$35,402

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