$499,900

For sale

3052 Maple Avenue, Fort Erie (Ridgeway) - Single Family for Sale

3052 Maple Avenue, Fort Erie (Ridgeway), Ontario, L0S1N0

4 beds1 bath3 parking1,750 ft²240 × 120 ft (28,800 sq ft) lot sizeListed 20 days ago

Overview

This 4-bedroom, 1-bathroom home in Fort Erie is for sale offering roughly 1,750 sq ft of space. Listed at $499,900, it is attractively priced about 33% below the $749,900 median asking price in Fort Erie. It has been on the market 20 days, fresher than the Fort Erie average of 112 days.

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Description

Classic summer cottage with an investment twist! Not 1, but 2 summer cottages located on one large 120x240 lot. First time on the market in over 100 years!!! 3052 Maple was built in the 1950's. Solid structure with a tremendous layout. 4 bedrooms and bath, large living room and kitchen separated by a stone chimney, and screened in sun room. 200 amp service. This property is ready for your renovation! Property also includes a 935 sf classic log cabin cottage built in 1926. Limitless character with a wonderful stone fireplace. Solid, but in need of renovation. Newer roof. 100 amp service. Each house has it's own septic system. Seller states both are operational but will need updating/replacing depending on Buyer's plans. Must be sold as a package. Seller to satisfy themselves with the Town of Fort Erie, and Region of Niagara with regards to severability and future requirements. This property could make an amazing home, family compound or rental opportunity. Quick closing available. Property is being sold "as is, where is" ** This is a linked property.** (id:66096)

Property Details

MLS®: X14081692
Property Type: Single Family
Zoning: RR/RR
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 1,750 ft²
Lot Size: 240 × 120 ft (28,800 sq ft)
Frontage: 240 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Baseboard heaters, Electric, Wood, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Ownership

Rooms

Main level

Living room: 5 x 6.6 meters
Kitchen: 6.2 x 4.64 meters
Bedroom: 3 x 4 meters
Bedroom 2: 3 x 4 meters
Bedroom 3: 4 x 3 meters
Sunroom: 2.5 x 10 meters
Bathroom: 3 x 1.5 meters
Laundry room: 4 x 1.7 meters

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

Features

Appliances: Water meter, Water Heater
Foundation: Unknown
Exterior: Wood, Brick Veneer
Lot Features: Flat site

Services

Water: Municipal water
Sewer: Septic System
Utilities: Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Fort Erie (Ridgeway) listings, avg age

112d

Price / ft²

$286

List price

$500K

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 4-bed single family in Fort Erie (Ridgeway) has been listed for 20 days, which is 92 days fresher than the city average of 112. Act while there is still low competition.

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Listed by ROYAL LEPAGE NRC REALTY · Phillip Smith

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0S)

This home lists at $499,900, about 5.3× the local median household income of $95,000.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 3% above the area median.

Median household income: $95,000
Population: 60,409
Median age: 53.2
Owner / renter: 87% / 13%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L0S)

$499,900· $286/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$162/mo

Total monthly$2,795

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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