$129,900

For sale

216 Second Street Street, Rainy River - Single Family for Sale

216 Second Street Street, Rainy River, Ontario, P0W1L0

2 beds2 baths3 parking900 ft²50 × 120 ft (5,956 sq ft) lot sizeListed 29 days ago

Overview

This 2-bedroom, 2-bathroom home in Rainy River is for sale offering roughly 900 sq ft of space. It has been on the market 29 days, fresher than the Rainy River average of 93 days.

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Description

Welcome to this charming 2-bedroom, 2-bath bungalow in the welcoming community of Rainy River! This home has seen plenty of updates, including plumbing, electrical, windows and roofing, while still offering an opportunity for the next owner to add their own finishing touches. The spacious living room features a large window that fills the space with natural light, while the generous main bathroom conveniently includes laundry. The kitchen and primary bedroom renovations are awaiting completion, giving you the chance to finish them to suit your own style. Outside, enjoy a small back deck, detached 1-stall garage with rear lane access, and established perennial gardens. Conveniently located close to the school and just a short distance from the beautiful Rainy River waterfront. A great opportunity to enjoy an affordable home with many of the major updates already completed-finish the remaining projects and make it your own! (id:66096)

Property Details

MLS®: X13867908
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 3
Interior Size: 900 ft²
Lot Size: 50 × 120 ft (5,956 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Forced air, Natural gas
Cooling: Wall unit
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax

Rooms

Main level

Kitchen: 4.18 x 3.53 meters
Living room: 7.1 x 3.44 meters
Bedroom: 4.18 x 3.41 meters
Bedroom 2: 3.17 x 2.93 meters
Bathroom: 2.93 x 2.5 meters
Bathroom: 1.22 x 0.91 meters

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

Features

Appliances: Refrigerator, Dishwasher, Stove
Foundation: Block
Exterior: Hardboard

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

29d

Rainy River listings, avg age

93d

Price / ft²

$144

List price

$130K

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 29 days, which is 64 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. · Crystal Judson

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0W)

This home lists at $129,900, about 1.7× the local median household income of $76,500.

Carrying it typically needs a household income of about $25,374 (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)

$129,900· $144/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $6,495

Min 5%50%

Mortgage payment$684/mo

↳ CMHC premium ($4,936 capitalized)

Property tax (est.)$121/mo

Total monthly$805

Cash Needed to Close

Down payment (5%)$6,495

Land transfer tax$1,024

Est. closing costs$2,890

Total cash needed$10,409

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