$399,000

For sale

164 RIVERBANK Drive, Georgina (Pefferlaw) - Single Family for Sale

164 RIVERBANK Drive, Georgina (Pefferlaw), Ontario, L0E1N0

2 beds1 bath5 parking350 ft²75 × 262 ft (19,665 sq ft) lot sizeListed 51 days ago

Overview

This 2-bedroom, 1-bathroom home in Georgina is for sale offering roughly 350 sq ft of space. It has been on the market 51 days, fresher than the Georgina average of 64 days.

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Description

Discover this charming waterfront bungalow at 164 Riverbank Drive in Pefferlaw, offering a tranquil retreat on the Pefferlaw River with direct water access to the water and just a short boat ride to the stunning Lake Simcoe(three (3) Kilometers South of the southeastern shores)and close to Holmes Point Park. Nestled on just under 0.5 acres of lush landscape, surrounded by trees, this 2-bedroom, 1-bathroom property sits on a peaceful dead-end street, providing privacy and serenity. While it's a fixer-upper, with the right vision, steady hands, and touch of heart, this home has incredible potential to become a cozy cottage or a year-round residence and with a little love and creativity, your cottage core dream home is within reach, perfect for those seeking a peaceful escape or a permanent lakeside haven and becoming a Pefferlanean! (id:66096)

Property Details

MLS®: N13783202
Property Type: Single Family
Zoning: R
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 5
Interior Size: 350 ft²
Lot Size: 75 × 262 ft (19,665 sq ft)
Frontage: 75 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Natural gas, Other
Cooling: None
Garage: Attached Garage, Garage
Fireplace: Yes
Waterfront

Rooms

Main level

Living room: 5.3 x 3.79 meters
Kitchen: 3.85 x 2.35 meters
Bedroom: 2.65 x 2.3 meters
Bedroom 2: 2.85 x 2.6 meters

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

Features

Appliances: Water Heater
Flooring: Hardwood
Foundation: Concrete
Exterior: Stone, Stucco
Lot Features: Cul-de-sac, Wooded area, Irregular lot size, Backs on greenbelt, Conservation/green belt

Services

Water: Drilled Well
Sewer: Holding Tank
Utilities: Electricity, Cable, Wireless, Natural Gas Available, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

51d

Georgina (Pefferlaw) listings, avg age

64d

Price / ft²

$1,142

List price

$399K

Homes here sell faster than most markets

Sold homes in this market spent an average of 36 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 Georgina (Pefferlaw) has been listed for 51 days, which is 13 days fresher than the city average of 64. Act while there is still low competition.

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Listed by HOMELIFE/MIRACLE REALTY LTD · NOOR GILL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0E)

This home lists at $399,000, about 4.4× the local median household income of $90,000.

Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $90,000
Population: 21,898
Median age: 46.8
Owner / renter: 84% / 17%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L0E)

$399,000· $1,142/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,950

Min 5%50%

Mortgage payment$2,102/mo

↳ CMHC premium ($15,162 capitalized)

Property tax (est.)$242/mo

Total monthly$2,344

Cash Needed to Close

Down payment (5%)$19,950

Land transfer tax$4,460

Est. closing costs$3,697

Total cash needed$28,107

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