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$89,000
Rainy River
216 Sixth Street, Rainy River, Ontario, P0W1L0
This 2-bedroom, 1-bathroom home in Rainy River is for sale offering roughly 350 sq ft of space. It has been on the market 54 days, fresher than the Rainy River average of 93 days.
Affordable opportunity with incredible expansion potential in the quiet, welcoming community of Rainy River! This charming two-bedroom home is a fantastic starting point for a first-time buyer, downsizer, or investor looking for a property with great potential. The home needs some light updating but requires no extensive work to truly make it your own. The functional layout features a smaller second bedroom with laundry plumbing that can easily be relocated to the unfinished basement if you prefer. Outside, a back lane provides convenient parking access to a small storage shed, while the good-sized yard showcases a beautiful, mature apple tree-perfect for gardening, relaxing, or entertaining.Adding immense value to this package, the seller also owns the adjacent property directly to the South. Featuring a solid detached garage and a structure that is a likely tear-down, this neighbouring parcel offers a rare chance to expand your lot, build fresh, or create a custom multi-property compound. The highly motivated seller is willing to negotiate a package deal to sell both properties together, making this a unique, high-potential opportunity just a short walk from the riverfront, boat dock, excellent fishing, and the Canada-U.S. border. Don't miss out on owning a home-or two-at a very reasonable price. ** This is a linked property.** (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 54 days on market, against an average age of 93 days across the listings currently for sale in this city
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.
This 2-bed single family in Rainy River has been listed for 54 days, which is 39 days fresher than the city average of 93. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $89,000, about 1.2× the local median household income of $76,500.
Carrying it typically needs a household income of about $17,385 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P0W)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice