$599,999

For sale

242 GEORGE Crescent, Lakeshore - Single Family for Sale

242 GEORGE Crescent, Lakeshore, Ontario, N0R1A0

5 beds2 baths7,667 sq ft (0.17 ac) lot sizeListed 45 days ago

Overview

This 5-bedroom, 2-bathroom home in Lakeshore is for sale. Listed at $599,999, it is attractively priced about 29% below the $849,000 median asking price in Lakeshore. It has been on the market 45 days, fresher than the Lakeshore average of 77 days.

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Description

WELCOME TO THIS BEAUTIFUL RAISED RANCH HOME LOCATED IN A HIGHLY DESIRABLE LAKESHORE NEIGHBOURHOOD! THE MAIN FLOOR OFFERS A BRIGHT & SPACIOUS OPEN-CONCEPT LAYOUT FEATURING A LARGE LIVING ROOM WITH ELECTRIC FIREPLACE, AN OVERSIZED KITCHEN WITH BREAKFAST BAR, AND DINING AREA. BEAUTIFUL VAULTED CEILINGS WITH LED LIGHTING ADD TO THE HOME'S MODERN & INVITING FEEL. MAIN LEVEL ALSO FEATURES 3 SPACIOUS BEDROOMS AND A FULL BATHROOM COMPLETE WITH DOUBLE VANITY SINKS & STAND-UP SHOWER. THE FULLY FINISHED LOWER LEVEL PROVIDES EXCEPTIONAL ADDITIONAL LIVING SPACE WITH A LARGE FAMILY/REC ROOM, 2 ADDITIONAL BEDROOMS, FULL BATHROOM, SECOND FULL KITCHEN & LAUNDRY ROOM. SEPARATE GRADE ENTRANCE TO THE LOWER LEVEL OFFERS EXCELLENT FLEXIBILITY FOR MULTIGENERATIONAL LIVING, AN IN-LAW SUITE, OR POTENTIAL RENTAL/INCOME OPPORTUNITY. OUTSIDE, ENJOY THE ADDED VALUE OF A NEW STAMPED CONCRETE DRIVEWAY, FRESHLY PAINTED EXTERIOR & AN OVERSIZED FULLY FENCED BACKYARD FEATURING A TWO-TIER DECK & GAZEBO—THE PERFECT SPACE FOR RELAXING, ENTERTAINING & FAMILY GATHERINGS. CONVENIENTLY LOCATED CLOSE TO SHOPPING, SCHOOLS, BEACH, MARINA, PARKS & ALL ESSENTIAL AMENITIES. (id:66096)

Property Details

MLS®: 26023231
Property Type: Single Family
Zoning: RES
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Lot Size: 7,667 sq ft (0.17 ac)
Year Built: 1999
Style: Raised ranch
Heating: Forced air, Natural gas, Furnace
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Listed: 45 days ago

Rooms

Lower level

Utility room
Storage
Laundry room
Kitchen
3pc Bathroom
Bedroom
Bedroom
Recreation room
Living room

Main level

Bedroom
Bedroom
Bedroom
4pc Bathroom
Kitchen
Dining room
Living room/Fireplace

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

Features

Appliances: Refrigerator, Dishwasher, Stove, Microwave
Flooring: Ceramic/Porcelain, Cushion/Lino/Vinyl
Foundation: Concrete
Exterior: Brick, Aluminum/Vinyl
Lot Features: Double width or more driveway, Finished Driveway, Front Driveway

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

45d

Lakeshore listings, avg age

77d

List price

$600K

Haho

This 5-bed single family in Lakeshore has been listed for 45 days, which is 32 days fresher than the city average of 77. Act while there is still low competition.

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Listed by REMAX CAPITAL DIAMOND REALTY · SAMANTHA ESKHARIA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0R)

This home lists at $599,999, about 5.6× the local median household income of $107,000.

Carrying it typically needs a household income of about $117,201 (20% down, 25-yr amortization, stress-tested) — roughly 10% above the area median.

Median household income: $107,000
Population: 50,203
Median age: 43.2
Owner / renter: 91% / 9%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA N0R)

$599,999

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,999.90

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,600 capitalized)

Est. property tax$500/mo

Total monthly$3,632

Cash Needed to Close

Down payment (5.83%)$35,000

Land transfer tax$8,475

Est. closing costs$4,300

Total cash needed$47,775

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