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$929,900

Melancthon

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132 × 654 ft (1.98 acres) lot size

Overview

This 6-bedroom, 2-bathroom home in Melancthon is for sale offering roughly 1,300 sq ft of space. Listed at $929,900, it is attractively priced about 7% below the $999,999 median asking price in Melancthon. It has been on the market 20 days, fresher than the Melancthon average of 94 days.

Houses for Sale in Melancthon →All real estate in Melancthon →

Description

Here is an ideal Investment Opportunity In One Of The Fastest Growing Communities In Ontario. Just at the outskirt of town, a bungalow with in 3.43 acre of land. Main floor 3 bed 1 full bath. Lower level is a full in law suit with a Kitchen and 3 bedrooms. Situated On A Paved Road & Services Available At Street Level. New Homes Being Developed as well as commercial properties nearby. There is a lot of potential. (id:66096)

Property Details

MLS®: X14084410
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 3 above · 3 below
Bathrooms: 2
Parking: 7
Interior Size: 1,300 ft²
Lot Size: 132 × 654 ft (1.98 acres)
Frontage: 132 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Separate entrance, N/A, N/A
Heating: Baseboard heaters, Forced air, Electric
Cooling: None
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $5,503/yr
Listed: 20 days ago

Features

Appliances: Washer, Dryer, Two stoves, Two Refrigerators
Foundation: Poured Concrete
Exterior: Brick, Aluminum siding
Lot Features: Level lot, In-Law Suite

Services

Water: Municipal water
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Melancthon listings, avg age

94d

Price / ft²

$715

List price

$930K

Homes here sell slower than most markets

Sold homes in this market spent an average of 80 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 90.2 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 6-bed single family in Melancthon has been listed for 20 days, which is 74 days fresher than the city average of 94. Act while there is still low competition.

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Listed by HOMELIFE/MIRACLE REALTY LTD · SAM RATTAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9V)

This home lists at $929,900, about 8.9× the local median household income of $105,000.

Carrying it typically needs a household income of about $181,642 (20% down, 25-yr amortization, stress-tested) — roughly 73% above the area median.

Median household income: $105,000
Population: 17,750
Median age: 40
Owner / renter: 86% / 14%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L9V)