$499,900

For saleJust listed

764183 240 Sideroad, Melancthon - Single Family for Sale

764183 240 Sideroad, Melancthon, Ontario, L9V2P4

3 beds2 baths3 parking1,300 ft²674 × 232 ft (3.58 acres) lot sizeListed Today

Overview

This 3-bedroom, 2-bathroom home in Melancthon is for sale offering roughly 1,300 sq ft of space. It has been on the market 0 days, fresher than the Melancthon average of 94 days.

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Description

Value priced cute home on pretty 3.5 acre lot with trees, gardens & included greenhouse. Approximately 2 acres are farmed by tenant farmer (year to year) so property taxes are reduced substantially. Compact house features a main floor bedroom with built-in 3 piece bathroom, kitchen that walks out to a large attached shed & includes the laundry equipment, semi open to dining & living room. Upstairs are two bedrooms along with a 4 piece bathroom. Live here in a sparsely populated country setting for lots of privacy to "get away from it all" but enjoy the benefit of fibre optic internet with cable TV. Situated close to nearby Dundalk & Shelburne with Ski hills, golf or beach all less than 40 minutes away. Perfect first home or for a retired couple, especially one with mobility issues. (id:66096)

Property Details

MLS®: X14150568
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 674 × 232 ft (3.58 acres)
Frontage: 673 ft
Storeys: 1
Basement: Unfinished, N/A
Heating: Forced air, Propane
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $1,474.25/yr
Listed: Today

Rooms

Ground level

Living room: 4.15 x 3.74 meters
Dining room: 3.04 x 3.12 meters
Kitchen: 4.8 x 3.21 meters
Bedroom: 3.99 x 2.78 meters

Second level

Bedroom 2: 4.56 x 3.17 meters
Bedroom 3: 3.35 x 2.69 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, Stove, Dryer, Freezer, Water Heater
Flooring: Laminate, Vinyl
Foundation: Stone
Exterior: Aluminum siding
Lot Features: Flat site

Services

Water: Dug Well
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Melancthon listings, avg age

94d

Price / ft²

$385

List price

$500K

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 3-bed single family in Melancthon has been listed for 0 days, which is 94 days fresher than the city average of 94. Act while there is still low competition.

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Listed by ROYAL LEPAGE RCR REALTY · SHARON GRANT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9V)

This home lists at $499,900, about 4.8× the local median household income of $105,000.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$499,900· $385/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$123/mo

Total monthly$2,756

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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