$179,000

For sale

25 Sixth Street, Red Lake - Single Family for Sale

25 Sixth Street, Red Lake, Ontario, P0V1C0

2 beds1 bath350 ft²50 × 110 ft (5,500 sq ft) lot sizeListed 90 days ago

Overview

This 2-bedroom, 1-bathroom home in Red Lake is for sale offering roughly 350 sq ft of space. Listed at $179,000, it is attractively priced about 32% below the $265,000 median asking price in Red Lake. It has been on the market 90 days, fresher than the Red Lake average of 142 days.

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Description

Welcome to 25 Sixth Street, a cozy and affordable home offering plenty of potential both inside and out. At just under 700 square feet, the main floor features two bedrooms, one full bathroom, a galley-style kitchen, and a small dining area with sliding doors leading directly to the back deck. The partially finished basement has impressively high ceilings and includes space that could be developed into a third bedroom, rec room or additional living area. The home is heated by a natural gas furnace, and the major appliances are included. Furniture may also be negotiated. Outside, enjoy a pleasant yard with established perennial gardens, a back deck and a single detached garage. Whether you are purchasing your first home, looking to downsize, or searching for an investment opportunity, this property offers manageable living with room to make it your own. (id:66096)

Property Details

MLS®: X13644872
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Interior Size: 350 ft²
Lot Size: 50 × 110 ft (5,500 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Partially finished, Full
Heating: Forced air, Natural gas
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $2,329.02/yr
Listed: 90 days ago

Rooms

Main level

Living room: 3.5 x 2.89 meters
Kitchen: 3.35 x 2.13 meters
Bedroom: 3.2 x 2.89 meters
Bedroom 2: 2.74 x 2.59 meters
Bathroom

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Freezer
Flooring: Laminate
Foundation: Poured Concrete
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Cable, Telephone, Natural Gas Available, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

90d

Red Lake listings, avg age

142d

Price / ft²

$512

List price

$179K

Homes here sell below asking price

Homes in this market sold for an average of 94.7 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 Red Lake has been listed for 90 days, which is 52 days fresher than the city average of 142. Act while there is still low competition.

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Listed by Century 21 Northern Choice Realty Ltd. · Danielle Marion

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0V)

This home lists at $179,000, about 2.5× the local median household income of $71,500.

Carrying it typically needs a household income of about $34,965 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $71,500
Population: 22,944
Median age: 30.8
Owner / renter: 77% / 23%
Avg. household size: 3.1

Source: Statistics Canada, 2021 Census (FSA P0V)

$179,000· $512/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $8,950

Min 5%50%

Mortgage payment$943/mo

↳ CMHC premium ($6,802 capitalized)

Property tax (est.)$194/mo

Total monthly$1,137

Cash Needed to Close

Down payment (5%)$8,950

Land transfer tax$1,515

Est. closing costs$3,037

Total cash needed$13,502

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