For saleJust listed

3 days ago

$489K

Espanola, Ontario, P5E1K4

3 bd2 ba1,300 ft²

Listed by YOUR MOVE REALTY INC., BROKERAGE

For saleJust listed

3 days ago

$249K

Espanola, Ontario, P5E1K5

2 bd1 ba900 ft²

Listed by YOUR MOVE REALTY INC., BROKERAGE

For sale

12 days ago

$240K

Espanola, Ontario, P5E1M5

2 bd1 ba900 ft²

Listed by REVEL REALTY INC., BROKERAGE

For sale

13 days ago

$180K

Espanola, Ontario, P5E1B2

1 bd1 ba350 ft²

Listed by RE/MAX CROWN REALTY INC (ESPANOLA)

Investment analysis

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$309,900

Espanola

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$309,900

For saleJust listed

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Address not available, Espanola - Single Family for Sale

Espanola, Ontario, P5E1K5

4 beds2 baths1,300 ft²Listed 6 days ago

Overview

This 4-bedroom, 2-bathroom home in Espanola is for sale offering roughly 1,300 sq ft of space. Its $309,900 asking price sits right in line with the $304,900 median in Espanola. It has been on the market 6 days, fresher than the Espanola average of 60 days.

Houses for Sale in Espanola →All real estate in Espanola →

Description

Your first home. Your first investment. Maybe both. This turnkey side-by-side duplex in the heart of Espanola gives you the option to move into the vacant unit and put rent from the other toward your mortgage, or rent both sides and build your portfolio. Each unit offers two bedrooms, bright, clean living spaces and a full unfinished basement. Separate natural gas and hydro meters allow tenants to pay their own utilities. One side currently rents for $1,000 per month plus utilities, while the vacant side offers the opportunity to set market rent. The nearly double-sized lot provides tons of parking and room to explore adding a detached suite for even more income potential. With new shingles and amenities within walking distance, this is a chance to get into the market with room to grow. (id:66096)

Property Details

MLS®: 2131160
Property Type: Single Family
Zoning: R
Bedrooms: 4
Bathrooms: 2
Interior Size: 1,300 ft²
Frontage: 100 ft
Style: Bungalow
Basement: Full
Heating: Forced air
Garage: Gravel
Ownership: Freehold
Listed: 6 days ago

Rooms

Basement

Storage: 18.6‘ x 18.3‘

Main level

Bedroom: 9.6’ x 9.2’
Kitchen: 9.6’ x 10.6’
Living room: 13.3‘ x 10.2‘
Bedroom: 13.4’ x 8.6’

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

Features

Flooring: Tile, Vinyl
Foundation: Block
Exterior: Stucco

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Espanola listings, avg age

60d

Price / ft²

$238

List price

$310K

Haho

This 4-bed single family in Espanola has been listed for 6 days, which is 54 days fresher than the city average of 60. Act while there is still low competition.

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Listed by REVEL REALTY INC., BROKERAGE · JORDAN STEPHENS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P5E)

This home lists at $309,900, about 3.9× the local median household income of $78,500.

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: $78,500
Population: 5,427
Median age: 49.2
Owner / renter: 77% / 23%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P5E)

$309,900· $238/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)

Est. property tax$258/mo

Total monthly$1,890

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