$535,000

$559,000For salePrice drop↓ $24,000 (4%)

448G Reef Pt Road, Rainy River Remote Area - Single Family for Sale

448G Reef Pt Road, Rainy River Remote Area, Ontario, P9A3M3

2 beds2 baths1,300 ft²124 × 235 ft (29,140 sq ft) lot sizeListed 160 days ago

Overview

This 2-bedroom, 2-bathroom home in Rainy River Remote Area is for sale offering roughly 1,300 sq ft of space. Listed at $535,000, it is attractively priced about 33% below the $799,900 median asking price in Rainy River Remote Area.

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Description

Welcome to waterfront living on beautiful Rainy Lake. This inviting single-level home is the perfect retreat for a professional couple or empty nesters, offering comfort, convenience, and plenty of space to enjoy lake life. The beautiful new, open kitchen features modern finishes & generous workspace, ideal for staying connected. With 2 bedrooms and 1.5 bathrooms, the home is small and manageable. Step outside to the spacious deck, perfect for relaxing, entertaining, or taking in the peaceful surroundings. A double garage includes extra space for hobbies, storage, or a workshop. The recently landscaped waterfront provides excellent access to boating and fishing on sought-after Rainy Lake, all while being just minutes from town. Note: possession date not before September. (id:66096)

Property Details

MLS®: X13250530
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Interior Size: 1,300 ft²
Lot Size: 124 × 235 ft (29,140 sq ft)
Frontage: 124 ft
Storeys: 1
Style: Bungalow
Basement: Crawl space
Heating: Forced air, Electric, Propane, Other
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Waterfront: Yes
Ownership: Freehold

Rooms

Main level

Bathroom
Bedroom 2
Other
Living room
Primary Bedroom
Kitchen
Dining room
Laundry room

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

Features

Appliances: Washer, Refrigerator, Water purifier, Dishwasher, Stove, Dryer
Foundation: Wood, Poured Concrete
Exterior: Vinyl siding

Services

Sewer: Septic System
Utilities: Telephone, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

160d

Rainy River Remote Area listings, avg age

113d

Price / ft²

$412

List price

$535K

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 2-bed 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 $535,000, about 6.5× the local median household income of $82,000.

Carrying it typically needs a household income of about $104,504 (20% down, 25-yr amortization, stress-tested) — roughly 27% above 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)

$535,000· $412/ft²

For sale

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Full Cost Breakdown

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Down Payment5.33% · $28,500

Min 5.33%50%

Mortgage payment$2,808/mo

↳ CMHC premium ($20,260 capitalized)

Property tax (est.)$97/mo

Total monthly$2,905

Cash Needed to Close

Down payment (5.33%)$28,500

Land transfer tax$7,175

Est. closing costs$4,105

Total cash needed$39,780

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