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$675,000
Magnetawan
187 Victoria Street, Magnetawan, Ontario, P0A1P0
This multi-family property in Magnetawan is for sale offering roughly 1,300 sq ft of space. It has been on the market 78 days, fresher than the Magnetawan average of 92 days.
This easily maintained triplex is located on a one acre lot in the village of Magnetawan. The 3 individual apartments with separate hydro meters and private entrances, present an attractive income potential for the right individual. Each apartment offers 2 bedrooms, 1 bathroom, a kitchen/dining area and living room, as well as private laundry facilities. Recently renovated, the upper 1200 sf apartment is spacious with large windows, a 3pc bathroom and a small sun room overlooking the back yard. Facing a quiet residential street the front deck offers some private outdoor space. The 2 lower level apartments each include a 1-4pc bathroom as well as walkouts to a deck, with views of the backyard. These units are equipped with in floor radiant heating. The lot includes a drilled well and ample parking for the 3 residences. Several small out buildings are located on the property, providing outdoor storage areas. A post office, elementary school and the centre of town are all located within a short walking distance. Magnetawan also offers a community centre, library and outdoor arena, as well as access to the Magnetawan River waterway. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 78 days on market, against an average age of 92 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 6-bed multi-family in Magnetawan has been listed for 78 days, which is 14 days fresher than the city average of 92. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $675,000, about 9.9× the local median household income of $68,000.
Carrying it typically needs a household income of about $131,851 (20% down, 25-yr amortization, stress-tested) — roughly 94% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0A)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
