$299,000

For sale

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Address not available, Gore Bay - Single Family for Sale

Gore Bay, Ontario, P0P1H0

4 beds2 baths1,750 ft²Listed 16 days ago

Gore Bay, Ontario, P0P1H0

4 bd1 ba1,300 ft²

Listed by BOUSQUET REALTY, BROKERAGE

For sale

21 days ago

$459K

Gore Bay, Ontario, p0p1H0

4 bd2 ba2,250 ft²

Listed by BOUSQUET REALTY, BROKERAGE

For sale

138 days ago

$470K

Gore Bay, Ontario, P0P1H0

3 bd2 ba2,250 ft²

Listed by MANITOULIN ISLAND REAL ESTATE BROKERAGE INC.

For salePrice drop

163 days ago

$529K$579K

↓ $50K (9%) price drop

Gore Bay, Ontario, P0P1H0

3 bd2 ba1,750 ft²

Listed by BOUSQUET REALTY, BROKERAGE

Investment analysis

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$299,000

Gore Bay

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Overview

This 4-bedroom, 2-bathroom home in Gore Bay is for sale offering roughly 1,750 sq ft of space. Listed at $299,000, it is attractively priced about 36% below the $470,000 median asking price in Gore Bay. It has been on the market 16 days, fresher than the Gore Bay average of 123 days.

Houses for Sale in Gore Bay →All real estate in Gore Bay →

Description

Unique offering in the town of Gore Bay. A century home with original charm on over 7 acres located in a quite neighborhood. The home has 4 bedrooms , 2 baths and a large parlor. There is a detached garage across the bridge over a quaint creek running beside the house. The house has upgraded electrical service and some windows. There is potential for development. Call today for your private tour. (id:66096)

Property Details

MLS®: 2130999
Property Type: Single Family
Zoning: residential
Bedrooms: 4
Bathrooms: 2
Interior Size: 1,750 ft²
Frontage: 638 ft
Basement: Cellar
Heating: High-Efficiency Furnace
Garage: Detached Garage
Ownership: Freehold
Listed: 16 days ago

Rooms

Second level

Bedroom: 11.5 x 12.5
Bedroom: 12 x 11

Main level

Family room: 13 x 13
Living room: 14 x 20
Kitchen: 15 x 8
Dining room: 15 x 10

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

Features

Appliances: Refrigerator, Range - Electric
Flooring: Hardwood, Linoleum

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Gore Bay listings, avg age

123d

Price / ft²

$171

List price

$299K

Haho

This 4-bed single family in Gore Bay has been listed for 16 days, which is 107 days fresher than the city average of 123. Act while there is still low competition.

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Listed by MANITOULIN ISLAND REAL ESTATE BROKERAGE INC. · DAVID CARLISLE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0P)

This home lists at $299,000, about 4.7× the local median household income of $64,000.

Carrying it typically needs a household income of about $58,405 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $64,000
Population: 20,285
Median age: 50.8
Owner / renter: 82% / 18%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0P)

$299,000· $171/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,950

Min 5%50%

Mortgage payment$1,575/mo

↳ CMHC premium ($11,362 capitalized)

Est. property tax$249/mo

Total monthly$1,824

Cash Needed to Close

Down payment (5%)$14,950

Land transfer tax$2,960

Est. closing costs$3,397

Total cash needed$21,307

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice