$199,000

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237 Nickel Lake Shores Road, Rainy River Remote Area - Single Family for Sale

237 Nickel Lake Shores Road, Rainy River Remote Area, Ontario, P9A3M3

0 beds0 baths350 ft²Listed 149 days ago

Overview

This home in Rainy River Remote Area is for sale offering roughly 350 sq ft of space.

Houses for Sale in Rainy River Remote Area →All real estate in Rainy River Remote Area →

Description

A true slice of calm and relaxation awaits on Nickel Lake Shores. Enjoy stunning sunsets and 385 feet of beautiful waterfront, offering a place to dream. This property features a new 28’ x 32’ x 12’ garage with 200 amp hydro service, providing plenty of room for storage, toys, and future projects. A new bunkie with 60 amp service and a mini split heat/cool pump offers a comfortable retreat. The well constructed dock is perfect for kicking back to soak up the sounds and beauty of the lake and at the end of the road, you will find access to Rainy Lake which gives even more options of how to enjoy your days. Additional features include a charming outhouse and a 12' x 8" storage shed. Whether you’re looking to build your dream waterfront home or create your own seasonal escape, this property offers the perfect setting to enjoy lake life. (id:66096)

Property Details

MLS®: X13414442
Property Type: Single Family
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 0
Interior Size: 350 ft²
Frontage: 385 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Heat Pump, Electric
Garage: Detached Garage, Garage
Waterfront: Yes
Ownership: Freehold
Property Tax: $335.01/yr
Listed: 149 days ago

Rooms

Main level

Living room: 4.52 x 6.09 meters
Utility room: 1.14 x 1.82 meters
Other: 1.82 x 3.22 meters

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

Features

Exterior: Vinyl siding
Lot Features: Irregular lot size

Services

Utilities: Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

149d

Rainy River Remote Area listings, avg age

113d

Price / ft²

$569

List price

$199K

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 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 94.1 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This single family in Rainy River Remote Area is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by REMAX NorthWest Realty Ltd. · Caryn Myers

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P9A)

This home lists at $199,000, about 2.4× the local median household income of $82,000.

Carrying it typically needs a household income of about $38,872 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $82,000
Population: 10,079
Median age: 44.8
Owner / renter: 77% / 24%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P9A)

$199,000· $569/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $9,950

Min 5%50%

Mortgage payment$1,048/mo

↳ CMHC premium ($7,562 capitalized)

Property tax (est.)$28/mo

Total monthly$1,076

Cash Needed to Close

Down payment (5%)$9,950

Land transfer tax$1,715

Est. closing costs$3,097

Total cash needed$14,762

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237 Nickel Lake Shores Road, Rainy River Remote Area - Single Family for Sale

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (P9A)

Book a showing

Full Cost Breakdown