$475,000

For sale

314 Second Avenue, Prince Edward County (Wellington Ward) - Single Family for Sale

314 Second Avenue, Prince Edward County (Wellington Ward), Ontario, K0K3L0

2 beds1 bath2 parking900 ft²40 × 70 ft (2,808 sq ft) lot sizeListed 30 days ago

Overview

This 2-bedroom, 1-bathroom home in Prince Edward County is for sale offering roughly 900 sq ft of space. Listed at $475,000, it is attractively priced about 31% below the $687,500 median asking price in Prince Edward County. It has been on the market 30 days, fresher than the Prince Edward County average of 78 days.

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Description

Big County appeal. Small carrying costs. Welcome to 314 Second Ave-an affordable, fully furnished, turnkey opportunity in the heart of Wellington! This charming two-bedroom, one-bathroom home is steps from downtown cafes, restaurants, shops and the beach. Park the car and enjoy village life in this location that is tough to beat. Well maintained and full of character, the home features a cozy natural gas fireplace, a main-floor bedroom with handy office space, main-floor laundry, an upstairs loft bedroom and a metal roof. The lovely private backyard offers a peaceful spot for morning coffee or relaxing after a day exploring the County. An established, licensed Airbnb with excellent guest reviews and revenue, the property also serves as a great place to host friends and family for extended visits. Offered fully furnished, it's ready to enjoy as your home or County getaway, with rental potential adding to the appeal. Low property taxes and modest utility costs help keep ownership accessible. Location, affordability and a little Wellington charm. This could be your best move yet! (id:66096)

Property Details

MLS®: X13861804
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 900 ft²
Lot Size: 40 × 70 ft (2,808 sq ft)
Frontage: 40 ft
Storeys: 1
Basement: None
Heating: Radiant heat, Electric, Natural gas
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $1,381/yr
Listed: 30 days ago

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Microwave, Window Coverings
Foundation: Block
Exterior: Wood, Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Prince Edward County (Wellington Ward) listings, avg age

78d

Price / ft²

$528

List price

$475K

Homes here sell slower than most markets

Sold homes in this market spent an average of 67 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 2-bed single family in Prince Edward County (Wellington Ward) has been listed for 30 days, which is 48 days fresher than the city average of 78. Act while there is still low competition.

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Listed by Century 21 Lanthorn Real Estate Ltd · Brad Jenkins

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0K)

This home lists at $475,000, about 5.7× the local median household income of $83,000.

Carrying it typically needs a household income of about $92,784 (20% down, 25-yr amortization, stress-tested) — roughly 12% above the area median.

Median household income: $83,000
Population: 115,850
Median age: 50.8
Owner / renter: 86% / 14%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K0K)

$475,000· $528/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,750

Min 5%50%

Mortgage payment$2,502/mo

↳ CMHC premium ($18,050 capitalized)

Property tax (est.)$115/mo

Total monthly$2,617

Cash Needed to Close

Down payment (5%)$23,750

Land transfer tax$5,975

Est. closing costs$3,925

Total cash needed$33,650

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

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