$78,860

For sale

5 Cove Bay Lane, Prince Edward County (Athol Ward) - Single Family for Sale

5 Cove Bay Lane, Prince Edward County (Athol Ward), Ontario, K0K1P0

2 beds1 bath2 parking350 ft²Listed 106 days ago

Overview

This 2-bedroom, 1-bathroom home in Prince Edward County is for sale offering roughly 350 sq ft of space. It has been on the market 106 days, fresher than the Prince Edward County average of 117 days.

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Description

*** This Mobile unit is located on a Seasonal land lease resort*** --Purchase price not subject to HST-- Great 2014 Northlander Maple with 2015 sunroom. This unit is extra wide (14ft) and features 2 Bedrooms, 1 Bath & an open concept living space. Conveniently located on the Peninsula with fabulous views of the beach, lake and pond. Enjoy these views from the sunroom or covered deck. Located 2 and 1/2 hours from Toronto and just under 4 hours from Montreal (yes there are lots of owners coming from both cities). The resort is located minutes from Picton, Sandbanks, Base 31 and the Outlet river granting access to Lake Ontario. The resort is open from May 1st to October 31st. Annual fees of $9,765.00 + HST are payable in 2 installments. 1st installment due on Nov 1st and 2nd installment due on April 1st. Fees include the following (Lot occupation fee, property taxes, water & sewer, lawn care, hydro, garbage & recycling & resort amenities like: Multi-Sport court, rec plex, salt water heated pool, beach, splash pad, playground, dog park, events and more). (id:66096)

Property Details

MLS®: X13592302
Property Type: Single Family
Zoning: TPC
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 350 ft²
Storeys: 1
Style: Bungalow
Basement: None
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Pool: Yes
Ownership: Leasehold
Listed: 106 days ago

Rooms

Main level

Primary Bedroom: 2.74 x 2.44 meters
Bedroom: 1.98 x 1.91 meters
Kitchen: 4.06 x 2.29 meters
Living room: 4.06 x 3.48 meters
Sunroom: 4.78 x 3.02 meters

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

Features

Appliances: Water Heater
Exterior: Vinyl siding
Lot Features: Carpet Free

Services

Water: Lake/River Water Intake
Sewer: Septic System
Utilities: Wireless

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

106d

Prince Edward County (Athol Ward) listings, avg age

117d

Price / ft²

$226

List price

$79K

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 (Athol Ward) has been listed for 106 days, which is 11 days fresher than the city average of 117. Act while there is still low competition.

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Listed by Royal Lepage Proalliance Realty · Maxime Simard

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0K)

This home lists at $78,860, about 1.0× the local median household income of $83,000.

Carrying it typically needs a household income of about $15,404 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$78,860· $226/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $3,943

Min 5%50%

Mortgage payment$415/mo

↳ CMHC premium ($2,997 capitalized)

Est. property tax$0/mo

Total monthly$415

Cash Needed to Close

Down payment (5%)$3,943

Land transfer tax$514

Est. closing costs$2,737

Total cash needed$7,194

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