$199,900

For sale

1223 2nd ave South Avenue, Native Leased Lands - Single Family for Sale

1223 2nd ave South Avenue, Native Leased Lands, Ontario, N0H2G0

3 beds1 bath8 parking350 ft²100 × 200 ft (20,000 sq ft) lot sizeListed 20 days ago

Overview

This 3-bedroom, 1-bathroom home in Native Leased Lands is for sale offering roughly 350 sq ft of space. Listed at $199,900, it is attractively priced about 28% below the $279,000 median asking price in Native Leased Lands. It has been on the market 20 days, fresher than the Native Leased Lands average of 125 days.

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Description

Cozy well cared for little cottage in an excellent location. Across the road from the beach with close access approximately 200 feet from the beach. This property has a lot of room for outdoor living, big front covered deck that wraps around the end of the cottage. New septic, sand point well and driveway have been installed August 2022.New windows and ductless heat/AC pump 2025.This property would make an excellent place to spend time with family and friends at the beach. The lease is $6300.00 a year and runs until 2036. Plus a $1300.00 service charge a year. This cottage is a three season cottage, and is shut down in the off season. (id:66096)

Property Details

MLS®: X14079880
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 8
Interior Size: 350 ft²
Lot Size: 100 × 200 ft (20,000 sq ft)
Frontage: 100 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Heat Pump, Electric
Cooling: Wall unit
Garage: No Garage
Ownership: Leasehold
Listed: 20 days ago

Rooms

Main level

Living room: 5.4 x 3.5 meters
Kitchen: 4 x 3.5 meters
Primary Bedroom: 2.6 x 2.75 meters
Bedroom: 2.6 x 2.75 meters
Bedroom: 2.4 x 2.75 meters
Bathroom: 4.1 x 1.55 meters

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

Features

Appliances: Furniture
Exterior: Wood, Hardboard
Lot Features: Level, Carpet Free

Services

Water: Sand point
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Native Leased Lands listings, avg age

125d

Price / ft²

$572

List price

$200K

Homes here sell faster than most markets

Sold homes in this market spent an average of 36 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 94.1 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 Native Leased Lands has been listed for 20 days, which is 105 days fresher than the city average of 125. Act while there is still low competition.

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Listed by Royal LePage RCR Realty · BRUCE SICKEL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0H)

This home lists at $199,900, about 2.3× the local median household income of $86,000.

Carrying it typically needs a household income of about $39,047 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $86,000
Population: 53,674
Median age: 52.8
Owner / renter: 86% / 14%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N0H)

$199,900· $572/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $9,995

Min 5%50%

Mortgage payment$1,053/mo

↳ CMHC premium ($7,596 capitalized)

Est. property tax$0/mo

Total monthly$1,053

Cash Needed to Close

Down payment (5%)$9,995

Land transfer tax$1,724

Est. closing costs$3,100

Total cash needed$14,819

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