$548,500
Rainy River
602 River Avenue East, Rainy River, Ontario, P0W1L0
This 4-bedroom, 4-bathroom home in Rainy River is for sale offering roughly 1,300 sq ft of space. It has been on the market 55 days, fresher than the Rainy River average of 93 days.
Beautifully maintained and lovingly cared-for back split 3 home situated along the scenic Rainy River, offering an exceptional combination of comfortable family living, spacious rooms and stunning waterfront views. The main level features a generous kitchen with breakfast nook, separate dining area and patio doors leading to a balcony overlooking the river. Upstairs, you'll find three spacious bedrooms and a well-appointed 4-piece bathroom. Plus an Ensuite The lower level offers even more living space with a large recreation room featuring a walkout to the riverfront patio, plus an additional spacious bedroom, bonus room and 3-piece bathroom-ideal for guests, a growing family or extended living space. The welcoming entrance provides plenty of laundry and storage space and leads to an attached, insulated single-car garage. Step outside to a beautifully landscaped yard with established perennial gardens, a riverfront pool and dock, creating the perfect setting for relaxing, entertaining and enjoying life on the water. The Rainy River is well known for excellent fishing and provides access to Lake of the Woods, renowned for its world-class fishing opportunities. Whether you enjoy boating, fishing or simply relaxing by the water, this property offers an incredible waterfront lifestyle. Located in the welcoming community of Rainy River, situated along the Canada-U.S. border, this home offers the convenience of small-town living with excellent local amenities, including a newly built school, park, grocery store and hospital. A wonderful opportunity to own (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 55 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 4-bed single family in Rainy River has been listed for 55 days, which is 38 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 $548,500, about 7.2× the local median household income of $76,500.
Carrying it typically needs a household income of about $107,141 (20% down, 25-yr amortization, stress-tested) — roughly 40% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0W)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.