$499,900

For sale

910 Bernard Avenue, Fort Erie (Ridgeway) - Single Family for Sale

910 Bernard Avenue, Fort Erie (Ridgeway), Ontario, L0S1N0

3 beds1 bath3 parking900 ft²120 × 240 ft (28,800 sq ft) lot sizeListed 20 days ago

Overview

This 3-bedroom, 1-bathroom home in Fort Erie is for sale offering roughly 900 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

Cabin in the woods vibes!!! 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!!! 910 Bernard Ave. was built by the owners family in 1926! Features 3 bedrooms, a large eat in kitchen, a 3pc bath and a covered from porch. The highlight is def. the high ceilings and stone fireplace, which transports you back in time! Property also includes 3052 Maple. A 1684 sf cottage 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! 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®: X14081696
Property Type: Single Family
Zoning: RR/RR
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 900 ft²
Lot Size: 120 × 240 ft (28,800 sq ft)
Frontage: 120 ft
Style: Log house/cabin
Basement: None
Heating: Radiant heat, Natural gas, Wood, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Living room: 6.1 x 4.98 meters
Kitchen: 4.75 x 4.76 meters
Bedroom: 3 x 2.59 meters
Bedroom 2: 2.9 x 2.59 meters
Bathroom: 3 x 2.59 meters

Second level

Bedroom 3: 4.27 x 2.82 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: Log
Lot Features: Level lot, Wooded area, 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

$555

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 3-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· $555/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.)$169/mo

Total monthly$2,802

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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