$565,000

$595,000For salePrice drop↓ $30,000 (5%)

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5 Bay Road, Kenora (Norman) - Single Family for Sale

5 Bay Road, Kenora (Norman), Ontario, P9N3P3

3 beds2 baths parking

↓ $30K (5%) price drop

#401 5 Bay Road, Kenora (Norman), Ontario, P9N3P3

3 bd2 ba1 pk1,300 ft²+$822/mo

Listed by Shelley Torrie Home and Cottage Realty

Investment analysis

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$565,000

Kenora

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Overview

This 3-bedroom, 2-bathroom condo in Kenora is for sale offering roughly 1,300 sq ft of space. Its $565,000 asking price sits right in line with the $565,000 median in Kenora. It has been on the market 89 days, fresher than the Kenora average of 170 days.

Condos for Sale in Kenora →All real estate in Kenora →

Description

Welcome to carefree waterfront living on Lake of the Woods! This spacious 3-bed, 2-bath condo is an end unit & offers easy living, elevator, heated underground parking, your own private dock slip & large east-facing deck. Extras include: private balcony. central air, intercom & security, elevator, exercise room, sauna, common patio area & gathering room, underground parking stall & dock slip. (id:66096)

Property Details

MLS®: X13651880
Property Type: Single Family
Zoning: Residential - 3rd Density
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,300 ft²
Frontage: 155 ft
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Waterfront: Yes
Condo Fee: $822/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water
Ownership: Condo/Strata
Property Tax: $5,686/yr
Listed: 89 days ago

Rooms

Upper Level

Other: 2.56 x 2.13 meters
Dining room: 3.35 x 2.13 meters
Other: 22.34 x 1.34 meters
Living room: 4.26 x 3.81 meters
Primary Bedroom: 5.48 x 3.81 meters
Kitchen: 4.26 x 3.04 meters
Bedroom 2: 3.27 x 2.74 meters
Bedroom 3: 3.35 x 2.51 meters

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

Features

Appliances: Washer, Refrigerator, Intercom, Dishwasher, Stove, Dryer, Microwave, Oven - Built-In, Blinds
Foundation: Poured Concrete
Exterior: Concrete
Lot Features: Irregular lot size, Elevator, Wheelchair access, Sauna

Services

Water: Municipal water
Utilities: Cable, Telephone, Natural Gas Available, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

89d

Kenora (Norman) listings, avg age

170d

Price / ft²

$435

List price

$565K

Homes here sell close to asking price

Homes in this market sold for an average of 102.2 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (P9N)

This home lists at $565,000, about 6.8× the local median household income of $83,000.

Carrying it typically needs a household income of about $110,364 (20% down, 25-yr amortization, stress-tested) — roughly 33% above the area median.

Median household income: $83,000
Population: 14,088
Median age: 43.6
Owner / renter: 72% / 28%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P9N)

$565,000· $435/ft²

For sale

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Full Cost Breakdown

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Down Payment5.58% · $31,500

Min 5.58%50%

Mortgage payment$2,958/mo

↳ CMHC premium ($21,340 capitalized)

Property tax (est.)$474/mo

Condo fee$822/mo

Total monthly$4,253

Cash Needed to Close

Down payment (5.58%)$31,500

Land transfer tax$7,775

Est. closing costs$4,195

Total cash needed$43,470

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5 Bay Road, Kenora (Norman) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (P9N)

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Full Cost Breakdown