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$688,000
Georgina
700 Catering Road South, Georgina (Baldwin), Ontario, L0E1R0
This multi-family property in Georgina is for sale offering roughly 2,250 sq ft of space. It has been on the market 35 days, fresher than the Georgina average of 86 days.
Exceptional opportunity for a builder or renovator. This level 2.155-acre lot offers privacy and backs on to the Black River, just minutes from town amenities and the 404. It's in a rural area of newer custom homes and farms, with municipal road access. The flat front of the property gives easy access and plenty of room to work with. At the back, a bank leads down to the river, with views and wildlife. The existing 2-bedroom bungalow has a sunroom and a spacious rear deck overlooking the river. The property is on a well and septic system. Accessory dwelling units are now a possibility with municipal approval, which opens options such as multi-generational living, rental income or a guest suite. Renovate the bungalow or build a new custom home. Buyer to confirm permitted uses, approvals and any requirements with the municipality. A rare lot in a sought-after location. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 35 days on market, against an average age of 86 days across the listings currently for sale in this city
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.
This 2-bed multi-family in Georgina (Baldwin) has been listed for 35 days, which is 51 days fresher than the city average of 86. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $688,000, about 7.6× the local median household income of $90,000.
Carrying it typically needs a household income of about $134,390 (20% down, 25-yr amortization, stress-tested) — roughly 49% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0E)
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Loading rates, 30-yr amortization
Cash Needed to Close
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