$399,999

For sale

845 ERIE BLUE, Essex - Single Family for Sale

845 ERIE BLUE, Essex, Ontario, N0R1G0

3 beds1 bathListed 40 days ago

Overview

This 3-bedroom, 1-bathroom home in Essex is for sale. Listed at $399,999, it is attractively priced about 36% below the $624,900 median asking price in Essex. It has been on the market 40 days, fresher than the Essex average of 67 days.

311 Beverly Drive, Essex, Ontario, N8M2C1

2 bd1 ba

Listed by JUMP REALTY INC.

15461 COUNTY RD 8, Essex, Ontario, N0R1L0

For saleJust listed

2 days ago

$700K

15461 COUNTY RD 8, Essex, Ontario, N0R1L0

4 bd2 baLot size 1.00 acres

Listed by REMAX CAPITAL DIAMOND REALTY

122 HOUGHTON Street, Essex, Ontario, N8M0A5

For saleJust listed

2 days ago

$700K

122 HOUGHTON Street, Essex, Ontario, N8M0A5

4 bd4 ba

Listed by REMAX CAPITAL DIAMOND REALTY

149 TOWNSVIEW Court, Essex, Ontario, N8M0A4

For sale

7 days ago

$700K

149 TOWNSVIEW Court, Essex, Ontario, N8M0A4

3 bd2 baLot size 50 × 121 ft (6,061 sq ft)

Listed by KW SIGNATURE

Investment analysis

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$399,999

Essex

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Description

Welcome to this waterfront 3-bedroom property, currently set up and enjoyed as a cottage. Featuring gas hookups and a beautiful waterfront setting, this property offers an excellent opportunity for those looking for a seasonal retreat or weekend getaway. There may also be potential to convert the property for year-round use, subject to municipal requirements, approvals, and buyer due diligence. Whether you’re looking for a waterfront cottage or exploring the possibility of year-round living, this property offers plenty of potential. (id:66096)

Property Details

MLS®: 26023054
Property Type: Single Family
Zoning: R2 FP
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Storeys: 1
Style: Bungalow
Heating: Natural gas
Waterfront: Yes
Ownership: Freehold
Listed: 40 days ago

Rooms

Main level

4pc Bathroom
Sunroom
Bedroom
Bedroom
Living room
Bedroom
Kitchen

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

Features

Flooring: Other
Exterior: Aluminum/Vinyl
Lot Features: Front Driveway

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

Essex listings, avg age

67d

List price

$400K

Haho

This 3-bed single family in Essex has been listed for 40 days, which is 27 days fresher than the city average of 67. Act while there is still low competition.

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Listed by REMAX CARE REALTY · GORAN TODOROVIC

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0R)

This home lists at $399,999, about 3.7× the local median household income of $107,000.

Carrying it typically needs a household income of about $78,134 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $107,000
Population: 50,203
Median age: 43.2
Owner / renter: 91% / 9%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA N0R)

$399,999

For sale

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Full Cost Breakdown

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Down Payment5% · $19,999.95

Min 5%50%

Mortgage payment$2,107/mo

↳ CMHC premium ($15,200 capitalized)

Est. property tax$333/mo

Total monthly$2,440

Cash Needed to Close

Down payment (5%)$20,000

Land transfer tax$4,475

Est. closing costs$3,700

Total cash needed$28,175

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