$279,000

For sale

1006 Scott Street, Fort Frances - Single Family for Sale

1006 Scott Street, Fort Frances, Ontario, P9A1J5

4 beds1 bath4 parking900 ft²33 × 140 ft (4,620 sq ft) lot sizeListed 16 days ago

Overview

This 4-bedroom, 1-bathroom home in Fort Frances is for sale offering roughly 900 sq ft of space. Listed at $279,000, it is attractively priced about 20% below the $349,900 median asking price in Fort Frances. It has been on the market 16 days, fresher than the Fort Frances average of 109 days.

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Description

Whether you're looking to expand your investment portfolio or live in one unit while generating income from the other, this versatile property offers plenty of possibilities! Great Investment Opportunity with Endless Possibilities! This versatile bungalow offers 1,060 sq. ft. on each level, providing over 2,100 sq. ft. of total living space! Currently set up as two separate living units, this property is ideal for generating rental income, multi-generational living, or could easily be converted back into one spacious family home! The main floor features a large living room, kitchen with dining area, two bedrooms, a 4-piece bathroom, and convenient main-floor laundry. The recently updated lower-level unit offers an open-concept layout with a spacious living room, kitchen and dining area, two bedrooms, a 4-piece bathroom, its own laundry, and an additional bonus room perfect for a home office or extra storage.Outside, the partially fenced backyard has been divided to provide each unit with its own outdoor space, along with two storage sheds and convenient rear lane parking. Whether you're looking to expand your investment portfolio, live in one unit while renting out the other, or enjoy the entire home for your family, this property offers flexibility and plenty of potential! Don't miss out on this unique opportunity! (id:66096)

Property Details

MLS®: X14094606
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 900 ft²
Lot Size: 33 × 140 ft (4,620 sq ft)
Frontage: 33 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Apartment in basement, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Window air conditioner
Garage: No Garage
Ownership: Freehold
Property Tax: $3,376/yr

Rooms

Main level

Kitchen: 5.64 x 3.72 meters
Living room: 4.18 x 5.12 meters
Bedroom: 3.48 x 2.74 meters
Bedroom 2: 3.48 x 2.74 meters
Bathroom: 1.95 x 2.74 meters
Laundry room: 2.77 x 2.26 meters

Basement

Laundry room: 2.74 x 2.26 meters
Bathroom: 1.86 x 2.1 meters
Other: 2.5 x 2.13 meters
Kitchen: 3.57 x 2.71 meters

Features

Appliances: Dryer, Two stoves, Two Washers, Two Refrigerators
Foundation: Concrete
Exterior: Vinyl siding
Lot Features: In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Fort Frances listings, avg age

109d

Price / ft²

$310

List price

$279K

Homes here sell close to asking price

Homes in this market sold for an average of 98.3 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 4-bed single family in Fort Frances has been listed for 16 days, which is 93 days fresher than the city average of 109. Act while there is still low competition.

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Listed by REMAX First Choice Realty Ltd. · Crystal Judson

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P9A)

This home lists at $279,000, about 3.4× the local median household income of $82,000.

Carrying it typically needs a household income of about $54,498 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $82,000
Population: 10,079
Median age: 44.8
Owner / renter: 77% / 24%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P9A)

$279,000· $310/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $13,950

Min 5%50%

Mortgage payment$1,469/mo

↳ CMHC premium ($10,602 capitalized)

Property tax (est.)$281/mo

Total monthly$1,751

Cash Needed to Close

Down payment (5%)$13,950

Land transfer tax$2,660

Est. closing costs$3,337

Total cash needed$19,947

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