$399,900

For sale

7221 6 Highway, Northern Bruce Peninsula - Single Family for Sale

7221 6 Highway, Northern Bruce Peninsula, Ontario, N0H2R0

3 beds1 bath3 parking1,300 ft²100 × 250 ft (25,000 sq ft) lot sizeListed 71 days ago

Overview

This 3-bedroom, 1-bathroom home in Northern Bruce Peninsula is for sale offering roughly 1,300 sq ft of space. It has been on the market 71 days, fresher than the Northern Bruce Peninsula average of 137 days.

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Description

Experience the best Tobermory has to offer with 7221 Highway 6! Located just moments away from the Tobermory hub, this property is close to beautiful bodies of water, charming shops, national parks, hiking trails, and boat tours! The location alone would make this a desirable cottage, year-round home, or investment opportunity. The house is currently operating operating as a short-term rental, proving its potential to generate income. Enjoy the privacy of a half-acre surrounded by beautiful trees! Spend summer days basking out on the back deck and enjoy summer nights sitting by the fire! Inside, the home has three comfortable bedrooms and a practical, spacious layout! Take advantage of the rare opportunity to purchase an established short-term rental property in Ontario's beautiful cottage country! And enjoy the memorable experiences that Tobermory has to offer! (id:66096)

Property Details

MLS®: X13719524
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 100 × 250 ft (25,000 sq ft)
Frontage: 100 ft
Storeys: 1
Style: Bungalow
Basement: Crawl space
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $1,863/yr
Listed

Rooms

Main level

Bathroom: 2.39 x 1.51 meters
Bedroom: 3.42 x 2.94 meters
Bedroom: 4.48 x 3.49 meters
Dining room: 2.39 x 2.46 meters
Family room: 2.38 x 2.88 meters
Kitchen: 2.95 x 3.45 meters
Primary Bedroom: 3.5 x 4.42 meters

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

Features

Appliances: Water Treatment, Water Heater
Foundation: Block
Exterior: Vinyl siding
Lot Features: Carpet Free, Guest Suite

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

71d

Northern Bruce Peninsula listings, avg age

137d

Price / ft²

$308

List price

$400K

Homes here sell slower than most markets

Sold homes in this market spent an average of 77 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 92.8 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 Northern Bruce Peninsula has been listed for 71 days, which is 66 days fresher than the city average of 137. Act while there is still low competition.

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Listed by Royal LePage Royal City Realty · JUSTIN HANDLEY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0H)

This home lists at $399,900, about 4.7× the local median household income of $86,000.

Carrying it typically needs a household income of about $78,114 (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)

$399,900· $308/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$155/mo

Total monthly$2,262

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$4,474

Est. closing costs$3,700

Total cash needed$28,169

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