$439,900

For sale

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00 Drummond Con 7 Road, Drummond/North Elmsley - Single Family for Sale

00 Drummond Con 7 Road, Drummond/North Elmsley, Ontario, K7H0L8

2 beds1 bath6 parking ft²

4149 Highway 43, Drummond/North Elmsley, Ontario, K7A4S4

3 bd2 ba20 pk1,300 ft²

Listed by ROYAL LEPAGE ADVANTAGE REAL ESTATE LTD

205 Innisville Isabella Street, Drummond/North Elmsley, Ontario, K7C4K9

For saleJust listed

5 days ago

$189K

205 Innisville Isabella Street, Drummond/North Elmsley, Ontario, K7C4K9

2 bd1 ba5 pk900 ft²Lot size 124 × 77 ft (9,548 sq ft)

Listed by REMAX BOARDWALK REALTY

159 Trillium Drive, Drummond/North Elmsley, Ontario, K7H0E6

For saleJust listed

5 days ago

$789K

159 Trillium Drive, Drummond/North Elmsley, Ontario, K7H0E6

3 bd3 ba8 pk2,250 ft²Lot size 252 × 366 ft (2.11 acres)

Listed by COLDWELL BANKER SETTLEMENT REALTY

1758 Hwy 511, Drummond/North Elmsley, Ontario, K0G1A0

For saleJust listed

5 days ago

$472K

1758 Hwy 511, Drummond/North Elmsley, Ontario, K0G1A0

4 bd2 ba6 pk900 ft²

Listed by RE/MAX FRONTLINE REALTY

Investment analysis

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$439,900

Drummond/North Elmsley

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Overview

This 2-bedroom, 1-bathroom home in Drummond/North Elmsley is for sale offering roughly 900 sq ft of space. Listed at $439,900, it is attractively priced about 37% below the $699,000 median asking price in Drummond/North Elmsley. It has been on the market 46 days, fresher than the Drummond/North Elmsley average of 108 days.

Houses for Sale in Drummond/North Elmsley →All real estate in Drummond/North Elmsley →

Description

New home to be built! Located on a paved road minutes from Perth, this 2 bedroom model boasts a bright and open concept main living space, functional kitchen layout with island, 8'x10' deck off the dining room. The basement comes with a plumbing rough in for a future bathroom and can easily be finished to nearly double your finished living space. Photos are artistic renderings, floor plan has slight variations from what is shown, garage will be 20'x20' with two 8x7' doors. Construction has not commenced, lot can be viewed to see location of house. Colors and finishes can be selected by purchaser. Same model currently available for viewing in vicinity (id:66096)

Market Timing

Days on market

46d

Drummond/North Elmsley listings, avg age

108d

Price / ft²

$489

List price

$440K

Homes here sell slower than most markets

Sold homes in this market spent an average of 64 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 93.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (K7H)

This home lists at $439,900, about 5.4× the local median household income of $82,000.

Carrying it typically needs a household income of about $85,928 (20% down, 25-yr amortization, stress-tested) — roughly 5% above the area median.

Median household income: $82,000
Population: 16,175
Median age: 55.6
Owner / renter: 76% / 24%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA K7H)

$439,900· $489/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,995

Min 5%50%

Mortgage payment$2,317/mo

↳ CMHC premium ($16,716 capitalized)

Est. property tax$0/mo

Total monthly$2,317

Cash Needed to Close

Down payment (5%)$21,995

Land transfer tax$5,273

Est. closing costs$3,820

Total cash needed$31,088

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

00 Drummond Con 7 Road, Drummond/North Elmsley - Single Family for Sale

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Description

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Neighbourhood profile (K7H)

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