$1,495,000

For sale

682 Salmon Point Road, Prince Edward County (Athol Ward) - Single Family for Sale

682 Salmon Point Road, Prince Edward County (Athol Ward), Ontario, K0K1P0

2 beds1 bath2 parking900 ft²243 × 113 ft (27,364 sq ft) lot sizeListed 77 days ago

Overview

This 2-bedroom, 1-bathroom home in Prince Edward County is for sale offering roughly 900 sq ft of space. It has been on the market 77 days, fresher than the Prince Edward County average of 118 days.

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Description

Exceptionally private waterfront retreat at the very end of the road in one of Prince Edward County's most sought-after locations. Set on a flat, usable lot with direct access to Lake Ontario, this rare offering enjoys beautiful views toward Outlet Beach and the natural surroundings of Sandbanks Provincial Park. Properties in this location seldom come to market, with this cottage having been held by the same family for approximately 50 years prior to the current ownership. The cottage has seen significant updates and improvements, offering a refreshed space with incredible potential to enjoy, personalize, or continue shaping into your ideal County getaway. Whether you are looking for a peaceful family cottage, a private waterfront escape, or along-term lifestyle property, this setting is truly special. Enjoy swimming, boating, beaches, wineries, restaurants, galleries, and everything Prince Edward County is known for - all while tucked away in complete privacy. Property is not currently licensed as a short-term rental. (id:66096)

Property Details

MLS®: X13697670
Property Type: Single Family
Zoning: RS1
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 900 ft²
Lot Size: 243 × 113 ft (27,364 sq ft)
Frontage: 243 ft
Storeys: 1
Basement: None
Heating: Heat Pump, Electric, Propane
Cooling: Central air conditioning, Wall unit
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership

Rooms

Main level

Kitchen: 2.64 x 2.79 meters
Bedroom: 2.34 x 2.44 meters
Living room: 5.89 x 3.56 meters
Dining room: 3.05 x 6.35 meters
Bedroom: 2.41 x 2.41 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, Water Heater
Foundation: Wood/Piers
Exterior: Steel
Lot Features: Level lot, Irregular lot size, Level

Services

Water: Drilled Well
Sewer: Holding Tank
Utilities: Electricity, Wireless, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

77d

Prince Edward County (Athol Ward) listings, avg age

118d

Price / ft²

$1,661

List price

$1.50M

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 77 days, which is 41 days fresher than the city average of 118. Act while there is still low competition.

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Listed by RE/MAX RISE EXECUTIVES, BROKERAGE · JORDAN MCGREGOR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0K)

This home lists at $1,495,000, about 18.0× the local median household income of $83,000.

Carrying it typically needs a household income of about $292,026 (20% down, 25-yr amortization, stress-tested) — roughly 252% 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)

$1,495,000· $1,661/ft²

For sale

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Full Cost Breakdown

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Down Payment8.33% · $124,500

Min 8.33%50%

Mortgage payment$7,598/mo

↳ CMHC premium ($54,820 capitalized)

Property tax (est.)$358/mo

Total monthly$7,956

Cash Needed to Close

Down payment (8.33%)$124,500

Land transfer tax$26,375

Est. closing costs$6,985

Total cash needed$157,860

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