$280,000

For sale

108-106 Third Street, Rainy River - Single Family for Sale

108-106 Third Street, Rainy River, Ontario, P0W1L0

2 beds1 bath4 parking1,300 ft²90 × 120 ft (10,800 sq ft) lot sizeListed 22 days ago

Overview

This 2-bedroom, 1-bathroom home in Rainy River is for sale offering roughly 1,300 sq ft of space. Its $280,000 asking price sits right in line with the $280,000 median in Rainy River. It has been on the market 22 days, fresher than the Rainy River average of 93 days.

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Description

Just Listed-BEAUTIFUL HOME IN RAINY RIVER! Steps from the River Walk and Park! Don't miss this beautifully maintained 2-bedroom home with plenty of space, flexibility, and charm! One of the standout features is the great bonus room/workshop, that was built as part of the garage, with a great entrance into the main floor. It is perfect for projects, crafts, a home office, hobby space, or whatever suits your lifestyle. The huge country-style kitchen offers loads of room for cooking, entertaining, and gathering with family and friends. The bright, welcoming living room provides a comfortable space to relax and enjoy the natural light.Need more space? The basement offers excellent storage and is ready for you to develop further according to your needs and ideas. Outside, you'll love the big back patio, perfect for enjoying summer evenings, entertaining, or simply relaxing. The property sits on a double lot, offering plenty of outdoor space and privacy. And there's even an attached garage and a separate storage shed for convenience and additional storage. Fantastic location in Rainy River - just a stone's throw from the River Walk! Immaculately maintained This is a beauty - a wonderful home with space, character, and so much potential. Here's your chance to make it yours! (id:66096)

Property Details

MLS®: X14028968
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 90 × 120 ft (10,800 sq ft)
Frontage: 90 ft
Storeys: 1
Style: Bungalow
Basement: Partial
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $2,980/yr
Listed

Rooms

Main level

Living room: 5.61 x 11.6 meters
Kitchen: 6.1 x 4.82 meters
Primary Bedroom: 3.9 x 3.54 meters
Bedroom 2: 3.23 x 2.74 meters
Other: 4.88 x 4.27 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, Dishwasher, Stove, Dryer, Garage door opener remote(s)
Flooring: Laminate
Foundation: Concrete
Exterior: Vinyl siding
Lot Features: Flat site, Lane, Dry

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Rainy River listings, avg age

93d

Price / ft²

$215

List price

$280K

Homes here sell slower than most markets

Sold homes in this market spent an average of 75 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 93.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Rainy River has been listed for 22 days, which is 71 days fresher than the city average of 93. Act while there is still low competition.

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Listed by REMAX First Choice Realty Ltd. · Kathy H. Judson

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0W)

This home lists at $280,000, about 3.7× the local median household income of $76,500.

Carrying it typically needs a household income of about $54,694 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $76,500
Population: 6,454
Median age: 42.8
Owner / renter: 85% / 15%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA P0W)

$280,000· $215/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,000

Min 5%50%

Mortgage payment$1,475/mo

↳ CMHC premium ($10,640 capitalized)

Property tax (est.)$248/mo

Total monthly$1,723

Cash Needed to Close

Down payment (5%)$14,000

Land transfer tax$2,675

Est. closing costs$3,340

Total cash needed$20,015

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