$109,900

For sale

5 Steele Avenue, Red Rock - Single Family for Sale

5 Steele Avenue, Red Rock, Ontario, P0T2P0

3 beds1 bath3 parking1,300 ft²50 × 107 ft (5,350 sq ft) lot sizeListed 44 days ago

Overview

This 3-bedroom, 1-bathroom home in Red Rock is for sale offering roughly 1,300 sq ft of space. It has been on the market 44 days, fresher than the Red Rock average of 102 days.

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Description

This affordable 3-bedroom, 2-storey home offers an excellent opportunity for renovators, investors, first-time buyers with renovation experience, or anyone looking for a property they can finish to their own taste. Following a small fire in the bathroom, most of the upper-level interior walls have been gutted for remediation, creating a head start for someone ready to renovate, restore and add value-whether as a future home or a potential flip. The home offers a large eat-in kitchen with gas stove, original hardwood flooring, a full open basement, private backyard and detached single-car garage. Some important improvements have already been completed, including updated shingles, a high-efficiency furnace and 100-amp breaker panel. Located in a quiet small-town setting with convenient four-lane highway access to Thunder Bay, you'll be close to the shores of Lake Superior and surrounded by hiking trails, recreational lakes, fishing, boating and endless outdoor opportunities. If you're looking for an affordable property with renovation potential in a great Northern Ontario community, bring your ideas and make this one your own. (id:66096)

Property Details

MLS®: X13809566
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 50 × 107 ft (5,350 sq ft)
Frontage: 50 ft
Storeys: 2
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $2,240.25/yr
Listed: 44 days ago

Rooms

Main level

Living room: 3.35 x 5.66 meters
Kitchen: 2.43 x 5.66 meters
Family room: 4.9 x 3.47 meters

Second level

Primary Bedroom: 3.35 x 3.04 meters
Bedroom: 2.98 x 2.13 meters
Bedroom 3: 3.51 x 2.16 meters

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

Features

Appliances: Water meter
Foundation: Block
Exterior: Aluminum siding

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Red Rock listings, avg age

102d

Price / ft²

$85

List price

$110K

Homes here sell slower than most markets

Sold homes in this market spent an average of 72 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 91.9 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Red Rock has been listed for 44 days, which is 58 days fresher than the city average of 102. Act while there is still low competition.

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Listed by Century 21 Superior Realty Inc. · Wendy Ferris

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0T)

This home lists at $109,900, about 1.4× the local median household income of $77,000.

Carrying it typically needs a household income of about $21,467 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $77,000
Population: 32,000
Median age: 45.6
Owner / renter: 84% / 16%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0T)

$109,900· $85/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $5,495

Min 5%50%

Mortgage payment$579/mo

↳ CMHC premium ($4,176 capitalized)

Property tax (est.)$187/mo

Total monthly$766

Cash Needed to Close

Down payment (5%)$5,495

Land transfer tax$824

Est. closing costs$2,830

Total cash needed$9,149

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