$599,900

For sale

233 Belfort Street, Russell - Single Family for Sale

233 Belfort Street, Russell, Ontario, K0A1W0

4 beds2 baths5 parking1,300 ft²31 × 128 ft (4,022 sq ft) lot sizeListed 52 days ago

Overview

This 4-bedroom, 2-bathroom home in Russell is for sale offering roughly 1,300 sq ft of space. Listed at $599,900, it is attractively priced about 14% below the $699,900 median asking price in Russell. It has been on the market 52 days, fresher than the Russell average of 75 days.

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Description

Welcome to this versatile semi-detached home with a secondary dwelling unit, ideally located in the sought-after neighbourhood of St-Thomas Place. An excellent opportunity for investors, multigenerational families, or buyers looking to offset their mortgage with rental income. The vacant main-floor unit offers 2 bedrooms, 1 bathroom, hardwood flooring, a bright and functional layout, and access to the attached single-car garage. The lower-level unit features a separate entrance, 2 bedrooms, and 1 bathroom, and is currently rented for $1,850 per month (heat,water and hydro included). Outside, enjoy a fenced backyard offering privacy and space to relax. Move into the main unit while benefiting from immediate rental income, or add a well-located property with two self-contained living spaces to your investment portfolio. A fantastic opportunity in a desirable, family-friendly neighbourhood-book your showing today! Don't forget to click the video link below. (id:66096)

Property Details

MLS®: X13783756
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 2
Parking: 5
Interior Size: 1,300 ft²
Lot Size: 31 × 128 ft (4,022 sq ft)
Frontage: 31 ft
Storeys: 1
Style: Bungalow
Basement: Apartment in basement, Separate entrance, N/A, N/A
Heating: Forced air, Electric, Natural gas, Other
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $3,068/yr

Features

Appliances: Refrigerator, Water meter, Central Vacuum, Dishwasher, Stove
Foundation: Concrete
Exterior: Vinyl siding, Brick Facing

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

52d

Russell listings, avg age

75d

Price / ft²

$461

List price

$600K

Homes here sell close to asking price

Homes in this market sold for an average of 98.2 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 4-bed single family in Russell has been listed for 52 days, which is 23 days fresher than the city average of 75. Act while there is still low competition.

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Listed by EXP REALTY · Sylvain Hebert

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0A)

This home lists at $599,900, about 5.2× the local median household income of $115,000.

Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 2% above the area median.

Median household income: $115,000
Population: 111,626
Median age: 44
Owner / renter: 87% / 13%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA K0A)

$599,900· $461/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,990

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,596 capitalized)

Property tax (est.)$256/mo

Total monthly$3,388

Cash Needed to Close

Down payment (5.83%)$34,990

Land transfer tax$8,473

Est. closing costs$4,300

Total cash needed$47,763

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