$875,000

For sale

617 CHAPIN Parkway, Fort Erie - Single Family for Sale

617 CHAPIN Parkway, Fort Erie, Ontario, L2A5M4

2 beds2 baths12 parking1,725 ft²Listed 58 days ago

Overview

This 2-bedroom, 2-bathroom home in Fort Erie is for sale offering roughly 1,725 sq ft of space. It has been on the market 58 days, fresher than the Fort Erie average of 92 days.

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Description

Welcome to 617 Chapin Parkway, where space, privacy and extensive upgrades come together on an impressive 1.25-acre property with 321 feet of frontage. This completely renovated 2-bedroom, 2-bathroom bungalow offers comfortable one-level living with a renovated kitchen featuring granite counters, a welcoming living area with natural gas fireplace and wood-look porcelain tile throughout the main living space. A separate approx. 345 sq. ft. office provides an ideal work-from-home setup, while the attached garage is heated, insulated and drywalled. Outside, enjoy a large rear deck, 12' x 14' gazebo with hot tub, expansive concrete patio with natural gas outdoor fireplace, 12' x 20' barn-style shed, fully fenced yard and plenty of parking. The improvements go well beyond cosmetics, including updated windows, roof, siding, furnace, central air, 200-amp electrical service, Generac natural gas backup generator and a completely replaced septic system. The well water system includes an iron filter, water softener and hydrogen peroxide treatment system. Located just south of Nigh Road, minutes from Ridgeway, Crystal Beach, golf, shopping, restaurants and Lake Erie. A unique property offering acreage, privacy, exceptional outdoor living and the peace of mind that comes with a home where the work has already been done. (id:66096)

Property Details

MLS®: 40861107
Property Type: Single Family
Zoning: A1
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 12
Interior Size: 1,725 ft²
Frontage: 280 ft
Year Built: 1954
Storeys: 1
Style: Bungalow
Basement: Unfinished, Crawl space
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage
Ownership: Freehold
Property Tax

Rooms

Main level

3pc Bathroom
4pc Bathroom
Dining room: 9'3'' x 8'8''
Office: 16'5'' x 21'7''
Bedroom: 18'5'' x 10'5''
Primary Bedroom: 14'1'' x 12'2''
Kitchen: 12'9'' x 17'6''
Living room: 14'8'' x 17'0''

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

Features

Appliances: Washer, Refrigerator, Hot Tub, Dishwasher, Stove, Dryer, Hood Fan, Window Coverings
Foundation: Block
Exterior: Stone, Vinyl siding
Lot Features: Gazebo

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Natural Gas, Electricity, Cable, Telephone

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

58d

Fort Erie listings, avg age

92d

Price / ft²

$507

List price

$875K

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 2-bed single family in Fort Erie has been listed for 58 days, which is 34 days fresher than the city average of 92. Act while there is still low competition.

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Listed by RE/MAX Escarpment Golfi Realty Inc. · Rob Golfi

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2A)

This home lists at $875,000, about 12.1× the local median household income of $72,500.

Carrying it typically needs a household income of about $170,918 (20% down, 25-yr amortization, stress-tested) — roughly 136% above the area median.

Median household income: $72,500
Population: 17,293
Median age: 49.2
Owner / renter: 74% / 26%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L2A)

$875,000· $507/ft²

For sale

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Full Cost Breakdown

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Down Payment7.14% · $62,500

Min 7.14%50%

Mortgage payment$4,505/mo

↳ CMHC premium ($32,500 capitalized)

Property tax (est.)$353/mo

Total monthly$4,858

Cash Needed to Close

Down payment (7.14%)$62,500

Land transfer tax$13,975

Est. closing costs$5,125

Total cash needed$81,600

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